The Guarantee Agreement is a crucial financial and legal instrument in Nigerian business transactions, commonly used to secure obligations in various commercial contexts. This document type is essential when a party requires additional security for obligations owed by another party, particularly in lending, construction, or general commercial arrangements. The agreement must be carefully structured to comply with Nigerian law, including the Contract Law Act, Statute of Frauds, and relevant financial regulations. Guarantee Agreements are particularly important in the Nigerian business environment where they provide additional security for creditors and help facilitate business transactions by reducing credit risk. The document typically includes comprehensive details about the guaranteed obligations, conditions for enforcement, and the extent of the guarantor's liability, while ensuring compliance with local stamping requirements and banking regulations.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the Guarantor, the Beneficiary (creditor), and the Principal Debtor
2. Background: Describes the underlying transaction or relationship being guaranteed and the purpose of the guarantee
3. Definitions and Interpretation: Defines key terms and establishes interpretation rules for the agreement
4. Guarantee and Indemnity: Core section establishing the guarantee obligations and indemnity provisions
5. Scope of Guarantee: Defines the extent and limitations of the guaranteed obligations
6. Duration and Nature of Guarantee: Specifies whether continuing guarantee and when it terminates
7. Guarantor's Representations and Warranties: Statements about the Guarantor's capacity and authority to provide the guarantee
8. Payment Mechanics: Details how and when payments under the guarantee must be made
9. Preservation of Rights: Maintains the Beneficiary's rights in various circumstances
10. Discharge and Release: Conditions for discharge of the guarantee obligations
11. Notices: Communication requirements and contact details
12. Governing Law and Jurisdiction: Confirms Nigerian law applies and specifies jurisdiction for disputes
13. Execution: Signature blocks and execution formalities
1. Security: Include when the guarantee is supported by specific security arrangements
2. Currency Provisions: Required for guarantees involving foreign currency obligations
3. Corporate Authorizations: Include when the Guarantor is a corporate entity
4. Assignment and Transfer: Include if the parties want to allow transfer of guarantee rights
5. Counter-Indemnity: Include when the Guarantor requires indemnification from the Principal Debtor
6. Multiple Guarantors: Include provisions for contribution and joint liability when there are multiple guarantors
7. Costs and Expenses: Optional detailed provisions about who bears various costs
8. Priority and Subordination: Include when there are multiple creditors or competing securities
1. Form of Demand: Template for making demands under the guarantee
2. Guaranteed Obligations: Detailed description of the obligations being guaranteed
3. Security Details: Details of any security provided in support of the guarantee
4. Corporate Authorizations: Copies of relevant board resolutions and authorizations
5. Payment Details: Bank account and payment instruction details
6. Underlying Agreement: Copy or key terms of the agreement being guaranteed
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Construction
Manufacturing
Oil and Gas
Telecommunications
Retail
Import/Export
Agriculture
Infrastructure Development
Professional Services
General Commerce
Relevant Teams
Legal
Finance
Treasury
Compliance
Risk Management
Commercial Operations
Corporate Secretariat
Credit
Business Development
Contract Administration
Relevant Roles
Chief Financial Officer
Finance Director
Legal Counsel
Commercial Director
Credit Risk Manager
Treasury Manager
Compliance Officer
Corporate Secretary
Business Development Manager
Contract Manager
Risk Officer
Banking Relationship Manager
Securities Officer
Financial Controller
Find the exact document you need
Business Agreement
A legally binding document under Nigerian law that establishes terms and conditions for business relationships between parties, ensuring compliance with local regulations and protecting all parties' interests.
find out more
House Rent Agreement Form
A Nigerian law-compliant agreement establishing terms and conditions for residential property rental between landlord and tenant.
find out more
Consignment Agreement Form
A Nigerian law-governed agreement establishing terms for consignment sales arrangements, detailing rights and obligations of consignor and consignee.
find out more
General Tenancy Agreement
A Nigerian law-compliant agreement establishing terms and conditions for property rental between landlord and tenant, governed by the Recovery of Premises Act and state rent control laws.
find out more
Standard Form Contract
A standardized contract template compliant with Nigerian law, designed for repeated use in similar business transactions.
find out more
Money Agreement Between Two Parties
A Nigerian law-governed agreement establishing terms and conditions for a monetary loan between two parties, including loan amount, interest rates, and repayment terms.
find out more
Side Agreement
A supplementary contract under Nigerian law that modifies or adds to an existing agreement's terms while maintaining compliance with Nigerian legal requirements.
find out more
Mutual Agreement Between Two Parties
A bilateral agreement under Nigerian law establishing mutual rights and obligations between two parties, with comprehensive terms for business collaboration.
find out more
Incorporation Agreement
A Nigerian law-governed agreement establishing a new company's structure, shareholding, and governance framework under CAMA 2020.
find out more
Fixed Term Tenancy Agreement
A Nigerian law-governed agreement establishing terms and conditions for fixed-term property rental, defining rights and obligations of landlord and tenant.
find out more
Casual Worker Contract
A Nigerian law-compliant contract establishing terms and conditions for casual employment relationships with flexible working arrangements.
find out more
Boilerplate Agreement
A versatile Boilerplate Agreement template under Nigerian law, providing standardized terms for business relationships while ensuring compliance with local legal requirements.
find out more
Tooling Agreement
A Nigerian law-governed agreement establishing terms for industrial tooling equipment, including design, manufacture, use, maintenance, and ownership rights.
find out more
Representation Agreement
A Nigerian law-governed agreement establishing and regulating the relationship between a principal and their appointed representative, defining authority, terms, and obligations.
find out more
Notary Rent Agreement
A legally authenticated rental agreement under Nigerian law, executed before a Notary Public, establishing terms and conditions for property rental.
find out more
Land Agreement Between Two Parties
A Nigerian law-governed agreement for land transfer between two parties, ensuring compliance with the Land Use Act and state regulations.
find out more
Contract Agreement Between Two Parties
A standard Nigerian law-compliant contract agreement template for establishing legal relationships between two parties, incorporating all essential elements required under Nigerian contract law.
find out more
Common Terms Agreement
A Nigerian-law governed agreement establishing standard terms for syndicated lending transactions, harmonizing multiple facility agreements under one master document.
find out more
Buyer Agency Agreement
A Nigerian law-governed agreement establishing the terms and conditions under which a real estate agent represents a buyer in property transactions.
find out more
Contra Agreement
A Nigerian law-governed agreement establishing terms and conditions between a service provider and recipient, defining service scope, obligations, and mutual responsibilities.
find out more
Security Agreement Form
A Nigerian law-governed agreement creating and evidencing security interests over assets, establishing rights and obligations between security provider and holder.
find out more
House Construction Agreement Between Owner Contractor
A Nigerian law-governed agreement between property owner and contractor for residential house construction, defining work scope, terms, and obligations.
find out more
Lodger Agreement
A Nigerian law-governed agreement establishing terms for a lodger's occupation of a room in an owner-occupied property.
find out more
Head Of Terms Agreement
A preliminary agreement under Nigerian law outlining key commercial and legal terms for a proposed transaction or business arrangement.
find out more
Professional Services Retainer Agreement
A Nigerian law-governed agreement establishing terms for ongoing professional services provided on a retainer basis.
find out more
Supply Contract Form
A Nigerian law-governed contract template establishing terms and conditions for the supply of goods between commercial parties.
find out more
Business Contract
A Nigerian business contract template for commercial relationships, compliant with CAMA 2020 and Nigerian commercial law.
find out more
Bike Sale Agreement
A Nigerian law-governed agreement for the sale and purchase of a bike, ensuring legal compliance and protecting both parties' interests.
find out more
Umbrella Agreement
A Nigerian law-governed master agreement establishing framework terms for future specific agreements between parties.
find out more
Share Purchase Agreement
A Nigerian law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion requirements.
find out more
Work Contract
A Nigerian law-governed employment agreement establishing terms and conditions between employer and employee, ensuring compliance with local labor legislation.
find out more
Volunteer Contract
A Nigerian law-governed agreement establishing the terms and conditions of a voluntary service relationship between an organization and a volunteer.
find out more
Voluntary Service Agreement
A Nigerian law-governed agreement establishing the terms and conditions between an organization and a volunteer, outlining responsibilities and protections for both parties.
find out more
Virtual Assistant Contract
A Nigerian law-governed agreement establishing terms and conditions for virtual assistant services, including scope, compensation, and compliance requirements.
find out more
Vendor Services Agreement
Nigerian law-governed agreement defining terms and conditions for vendor service provision, including scope, payment, and performance standards.
find out more
Vendor Contract
A Nigerian law-governed agreement establishing terms and conditions between a customer and vendor for the supply of goods/services.
find out more
Vending Machine Agreement
A Nigerian law agreement governing the installation and operation of vending machines, including revenue sharing and operational requirements.
find out more
Vehicle Agreement Between Two Parties
A legally binding vehicle sale and purchase agreement between two parties under Nigerian law, documenting transfer terms and ownership rights.
find out more
Trust Contract
A Nigerian law-governed document establishing a trust arrangement between settlor, trustees, and beneficiaries, defining asset management and distribution terms.
find out more
Tripartite Contract
A Nigerian law-governed tripartite contract establishing legal relationships and obligations between three parties in a commercial arrangement.
find out more
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
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
.png)