Guarantee of All Debts - Limited (Canada)

This form provides for a guarantor for the repayment of a debt. 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.

This form differs from other guarantees in that the guarantor is only guaranteeing the borrowers debt up to a certain amount. After that amount is reached, the guarantor will not have any further obligations.

This form includes special formatting features to assist you in completing the agreement.

This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.