tiktok˰

Guarantee And Indemnity Form Template for Australia

A Guarantee and Indemnity Form under Australian law is a legally binding document where one party (the guarantor) agrees to be responsible for another party's (the principal debtor's) obligations, typically financial, to a third party (the creditor). This document combines both a guarantee (promising to pay if the principal debtor defaults) and an indemnity (a separate obligation to compensate the creditor for losses). It incorporates specific requirements under Australian legislation, including consumer protection provisions, corporate law requirements, and state-specific execution formalities. The document typically includes detailed terms about the scope of the guarantee, enforcement mechanisms, and the rights and obligations of all parties involved.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Guarantee And Indemnity Form?

The Guarantee And Indemnity Form is a crucial legal instrument in Australian commercial and financial transactions, used when one party needs to provide additional security for another's obligations. This document is commonly required in various scenarios, such as company directors guaranteeing business loans, landlords requiring lease guarantees, or in supply arrangements where credit is extended. The form must comply with Australian federal and state legislation, including the Australian Consumer Law, National Consumer Credit Protection Act, and relevant state property laws. It contains comprehensive provisions covering the nature and extent of the guarantee, enforcement mechanisms, rights of all parties, and specific protections required under Australian law. The document is designed to be robust and enforceable while incorporating necessary consumer protections and disclosure requirements, particularly important when individual guarantors are involved.

What sections should be included in a Guarantee And Indemnity Form?

1. Parties: Identifies all parties to the guarantee, including the guarantor(s), the creditor/beneficiary, and the principal debtor

2. Background: Sets out the context of the guarantee, including details of the primary obligation being guaranteed

3. Definitions: Defines key terms used throughout the document for clarity and legal certainty

4. Guarantee and Indemnity: Core section detailing the guarantee obligations and indemnity provisions

5. Scope of Guarantee: Specifies exactly what obligations are covered by the guarantee and any limitations

6. Duration and Enforcement: Specifies when the guarantee comes into effect and how long it remains valid

7. Payment Obligations: Details the circumstances triggering payment obligations and payment terms

8. Representations and Warranties: Statements of fact and promises made by the guarantor regarding their capacity and authority

9. Continuing Security: Confirms the ongoing nature of the guarantee until all secured obligations are fulfilled

10. Protection of Rights: Provisions protecting the creditor's rights and remedies under the guarantee

11. Execution: Formal requirements for signing and witnessing the document

What sections are optional to include in a Guarantee And Indemnity Form?

1. Multiple Guarantors: Additional provisions for when there are multiple guarantors, including joint and several liability

2. Corporate Guarantor Provisions: Special provisions required when the guarantor is a company rather than an individual

3. Property Security: Additional provisions when the guarantee is secured against specific property

4. Financial Covenants: Financial requirements or restrictions imposed on the guarantor

5. Independent Legal Advice: Acknowledgment of receiving independent legal advice, particularly important for individual guarantors

6. Guarantee Limit: Optional cap on the guaranteed amount

7. Foreign Currency Provisions: Required when the guaranteed obligation is in a different currency

8. Assignment and Transfer: Provisions allowing the guarantee to be assigned or transferred

What schedules should be included in a Guarantee And Indemnity Form?

1. Details of Guaranteed Obligations: Schedule listing specific debts, facilities, or obligations covered by the guarantee

2. Security Details: Details of any assets or property provided as security

3. Guarantor Information: Personal or corporate information about the guarantor(s)

4. Certificate of Independent Legal Advice: Formal certification that the guarantor received independent legal advice

5. Deed of Priority: Where multiple securities exist, details of their relative priorities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok˰ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Australia

Publisher

tiktok˰

Cost

Free to use

Find the exact document you need

Personal Indemnity Agreement

An Australian-law governed agreement establishing personal indemnification arrangements between parties, defining protection against specified losses, damages, or liabilities.

Download

Reciprocal Indemnity Agreement

An Australian law-governed agreement establishing mutual indemnification obligations between parties, defining risk allocation and claims procedures.

Download

Personal Indemnity Form

An Australian law-compliant document where one party agrees to protect another from specific risks and liabilities through formal indemnification.

Download

Mutual Indemnity And Waiver Of Recourse Agreement

An Australian law-governed agreement establishing mutual indemnities and liability waivers between parties in complex commercial operations.

Download

Indemnity Bond Agreement

An Australian legal agreement where one party provides financial security to another against specified losses or liabilities, governed by federal and state laws.

Download

Indemnity Agreement

An Australian law-governed agreement establishing indemnification obligations between parties, detailing protection against specified losses and liabilities.

Download

Deed Of Indemnity Form

An Australian legal document establishing a binding indemnity obligation between parties, executed as a deed with specific statutory requirements and enforcement provisions.

Download

Deed Of Indemnity

An Australian law-governed deed where one party formally agrees to protect and compensate another against specified losses or liabilities.

Download

Customer Indemnity Form

An Australian-compliant Customer Indemnity Form establishing customer obligations to protect businesses against specified risks and liabilities.

Download

Company Indemnity Form

An Australian-law governed document establishing terms for corporate indemnification and protection against potential liabilities.

Download

Estate Indemnity Agreement

An Australian law-governed agreement establishing indemnification arrangements for estate administration, defining obligations and protections for involved parties.

Download

Indemnification Agreement Form

An Australian-law governed agreement where one party agrees to protect another against specified losses, damages, or liabilities.

Download

Guarantee And Indemnity Form

An Australian law document where a guarantor assumes responsibility for another party's obligations to a creditor, combining both guarantee and indemnity provisions.

Download

Waiver And Indemnity Agreement

An Australian law-governed agreement where one party waives certain rights and agrees to indemnify another party against potential claims and liabilities.

Download

General Indemnity Form

An Australian-compliant legal document establishing indemnification obligations between parties, defining protection against specified losses and liabilities under Australian federal and state laws.

Download

Client Indemnity Form

An Australian-compliant legal document establishing client indemnification terms and obligations, structured according to Australian contract law and consumer protection requirements.

Download

Indemnity Confidentiality Agreement

An Australian law-governed agreement combining confidentiality obligations with indemnification provisions for enhanced protection of sensitive information.

Download

Indemnification Form

An Australian law-compliant document establishing indemnification obligations between parties, defining protection against specified losses, damages, or liabilities.

Download

Mutual Indemnification Agreement

An Australian law-governed agreement establishing mutual indemnification obligations between parties, defining risk allocation and claim procedures.

Download

Letter Of Indemnity Form

An Australian legal document establishing one party's commitment to compensate another for specified losses or liabilities, governed by Australian contract law and relevant state legislation.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it