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Canadian Legal Forms > Purchase Agreements, Offers to Purchase & Options > Guarantee of Obligations under Asset Purchase Agreement
Guarantee of Obligations under Asset Purchase Agreement
The Guarantee of Obligations under Asset Purchase Agreement form provides for a guarantor for the oblitgations of a purchaser under an asset purchase agreement. This guarantor is, in effect, a
co-signer for an obligation. The guarantor agrees that if any of the payments are late or not paid, they will make the payments. The guarantor also agrees that the guaranty may be enforced without having to first sue the borrower for defaulting on the debt. A mere default by the borrower without any court action will suffice to require the guarantor to make good on the obligation.See form: Guarantee of Obligations under Asset Purchase Agreement
Note: Some forms not suitable for use in the province of Quebec. Check form details.
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