The Authorized Guarantee Agreement serves as a crucial legal instrument in Danish commercial transactions, providing financial security and risk mitigation for parties involved in various business arrangements. This document is typically used when a third party needs to guarantee the financial obligations of another entity, commonly in lease agreements, loan facilities, or other commercial contracts. The agreement, governed by Danish law, must comply with specific requirements under the Danish Contracts Act and related financial regulations. It outlines the scope of the guarantee, conditions for enforcement, and the rights and obligations of all parties involved. The document is particularly important in situations where additional security is required beyond the primary debtor's commitments, such as commercial lease agreements where a parent company guarantees a subsidiary's rental obligations. The Authorized Guarantee Agreement includes detailed provisions for enforcement, notice requirements, and payment terms, all structured to ensure compliance with Danish legal requirements and commercial practices.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Authorised Guarantee Agreement
I need an Authorised Guarantee Agreement under Danish law where our parent company (Nordic Solutions A/S) will guarantee the lease obligations of our subsidiary (TechStart Copenhagen ApS) for their new office space, with a maximum liability of 2 million DKK and a guarantee period until March 2025.
1. Parties: Identification of the Guarantor, the Beneficiary (typically the landlord/creditor), and the Principal Debtor (typically the tenant/debtor)
2. Background: Context of the guarantee, including reference to the primary obligation (e.g., lease agreement, loan agreement) being guaranteed
3. Definitions: Definitions of key terms used throughout the agreement
4. Guarantee Obligations: Scope and extent of the guarantee, including the maximum amount guaranteed and the nature of the obligations covered
5. Duration of Guarantee: Term of the guarantee, including start date and expiry conditions
6. Demand Requirements: Process and requirements for making a demand under the guarantee
7. Payment Terms: Timeline and method for payment following a valid demand
8. Guarantor's Undertakings: Specific promises and commitments made by the guarantor
9. Representations and Warranties: Key statements of fact and assurances given by the guarantor
10. Enforcement: Rights and procedures for enforcing the guarantee
11. Notices: Requirements for formal communications between parties
12. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes
1. Multiple Guarantors: Additional provisions for cases involving more than one guarantor, including joint and several liability
2. Currency Provisions: Required for cross-border guarantees or when the guaranteed obligation is in a different currency
3. Tax Gross-up: Provisions ensuring that payments are made free of tax deductions where applicable
4. Transfer and Assignment: Provisions regarding the ability to transfer or assign rights under the guarantee
5. Amendments and Waivers: Process for modifying the agreement or waiving rights
6. Severability: Provisions dealing with the invalidity of specific clauses
7. Force Majeure: Provisions dealing with extraordinary events affecting the guarantee
8. Data Protection: Required when personal data processing is involved, ensuring GDPR compliance
1. Primary Obligation: Copy or key terms of the underlying agreement being guaranteed
2. Form of Demand: Template for making a valid demand under the guarantee
3. Corporate Authorizations: Copies of relevant corporate approvals and authorizations
4. Guarantor Information: Detailed information about the guarantor, including financial statements if relevant
5. Payment Details: Bank account and payment processing information
6. Guarantee Amount Calculation: If applicable, methodology for calculating or adjusting the guarantee amount
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking & Financial Services
Commercial Property
Retail
Manufacturing
Professional Services
Construction
Hospitality
Logistics
Corporate Services
Relevant Teams
Legal
Finance
Commercial
Risk Management
Treasury
Property Management
Corporate Governance
Credit Control
Operations
Compliance
Relevant Roles
Legal Counsel
Finance Director
Commercial Director
Property Manager
Risk Manager
Treasury Manager
Contracts Manager
Company Secretary
Chief Financial Officer
Legal Director
Commercial Lease Manager
Credit Risk Officer
Corporate Lawyer
Find the exact document you need
Guarantor Agreement
A Danish law agreement where a guarantor commits to fulfilling another party's obligations to a creditor if the primary debtor defaults.
find out more
Personal Guarantor Agreement Form
A Danish law-governed agreement where an individual guarantees to fulfill another party's financial obligations to a creditor.
find out more
Parent Guarantee Agreement
A Danish law-governed agreement where a parent company guarantees its subsidiary's obligations to a third party, providing additional security through the parent's financial backing.
find out more
Rental Guarantee Form
A Danish law-governed guarantee document where a financial institution provides security to a landlord in lieu of a rental deposit.
find out more
Performance Guarantee Agreement
A Danish law-governed agreement where a guarantor provides security for a principal's performance obligations to a beneficiary.
find out more
Personal Guarantee Form
A Danish law-governed document where a guarantor assumes responsibility for another party's financial obligations, incorporating specific requirements under Danish legislation.
find out more
Guarantee Rental Agreement
A Danish law-governed agreement establishing terms for rental payment guarantee, defining guarantor obligations and landlord rights.
find out more
Authorised Guarantee Agreement
A Danish law-governed agreement where a guarantor provides financial security for another party's obligations to a beneficiary.
find out more
Rent Guarantee Agreement
A Danish law-governed agreement where a guarantor provides security to a landlord for a tenant's rental obligations.
find out more
Personal Guarantee Promissory Note
A Danish law-governed document combining a promissory note with a personal guarantee, establishing debt obligations and guarantee terms under Danish jurisdiction.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.