¶¶Òõ¶ÌÊÓÆµ

Continuing Guarantee Agreement Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Continuing Guarantee Agreement

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 of your information

Key Requirements PROMPT example:

Continuing Guarantee Agreement

"I need a Continuing Guarantee Agreement for my technology company acting as guarantor for a subsidiary's $5 million credit facility, with the guarantee to be secured against our intellectual property assets and limited to a maximum liability of $6 million."

Document background
The Continuing Guarantee Agreement is a fundamental instrument in Canadian commercial lending and business relationships, used when one party needs to provide ongoing financial assurance for another's obligations. This document is particularly crucial in situations involving corporate groups, parent-subsidiary relationships, or significant business transactions where additional security is required by lenders or creditors. The agreement must comply with Canadian federal and provincial requirements, including the Statute of Frauds, banking regulations, and relevant consumer protection laws. It typically includes detailed provisions regarding the scope of guaranteed obligations, enforcement mechanisms, and the rights and obligations of all parties involved. The continuing nature of the guarantee means it remains effective for future obligations until properly terminated, making it a powerful tool for ongoing business relationships and credit arrangements.
Suggested Sections

1. Parties: Identifies the Guarantor, the Creditor/Lender, and the Principal Debtor

2. Background: Explains the context of the guarantee, including the relationship between parties and the underlying credit arrangement

3. Definitions: Defines key terms used throughout the agreement, including 'Guaranteed Obligations', 'Principal Debtor', and 'Security'

4. Guarantee: Core section establishing the guarantee obligation and its continuing nature

5. Scope of Guarantee: Details what obligations are covered and the extent of the guarantor's liability

6. Nature of Guarantor's Liability: Specifies that the guarantee is continuing, unconditional, and absolute

7. Creditor's Rights and Remedies: Outlines the creditor's enforcement rights and available remedies

8. Guarantor's Waiver and Acknowledgments: Lists rights and defenses waived by the guarantor

9. Representations and Warranties: Guarantor's confirmations regarding capacity, authority, and financial condition

10. Costs and Expenses: Allocation of costs related to preparation and enforcement of the guarantee

11. Notices: Communication requirements and contact details for all parties

12. Governing Law and Jurisdiction: Specifies Canadian law as governing law and jurisdiction for disputes

13. General Provisions: Standard boilerplate clauses including severability, amendments, and assignment

Optional Sections

1. Security: Include when the guarantee is secured by specific assets or collateral

2. Multiple Guarantors: Required when there is more than one guarantor, addressing joint and several liability

3. Guarantee Limit: Include when the guarantee is limited to a specific amount rather than unlimited

4. Financial Covenants: Add when guarantor must maintain specific financial conditions

5. Corporate Authority: Include when guarantor is a corporation, addressing corporate power and authority

6. Subordination: Required when guarantor's claims against the principal debtor are to be subordinated

7. Currency Provisions: Include for cross-border transactions involving multiple currencies

8. Tax Gross-Up: Add when payments under the guarantee may be subject to withholding tax

Suggested Schedules

1. Schedule A - Guaranteed Obligations: Details of the specific obligations being guaranteed, including facility agreements or credit arrangements

2. Schedule B - Security Documents: List and details of any security documents when guarantee is secured

3. Schedule C - Guarantor Information: Detailed information about the guarantor, including corporate information if applicable

4. Schedule D - Notice Provisions: Detailed contact information and notice requirements for all parties

5. Appendix 1 - Form of Demand: Standard form for making a demand under the guarantee

6. Appendix 2 - Compliance Certificate: Template for periodic confirmation of compliance with guarantee terms if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions












































Clauses






























Relevant Industries

Banking & Financial Services

Real Estate

Commercial Lending

Construction

Manufacturing

Retail

Wholesale & Distribution

Professional Services

Technology

Healthcare

Agriculture

Transportation & Logistics

Relevant Teams

Legal

Finance

Risk Management

Compliance

Treasury

Credit Administration

Corporate Governance

Commercial Lending

Business Development

Contract Management

Relevant Roles

Chief Financial Officer

Finance Director

Credit Manager

Risk Manager

Legal Counsel

Corporate Secretary

Treasury Manager

Commercial Lending Officer

Credit Risk Analyst

Compliance Officer

Corporate Lawyer

Banking Relationship Manager

Financial Controller

Business Development Manager

Contract Administrator

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Guarantor Agreement For Employment

A Canadian legal agreement where a third party guarantees an employee's employment-related obligations to their employer under Canadian federal and provincial laws.

find out more

Guarantor Promissory Note

A Canadian legal document combining a promissory note with a guarantee agreement, where a third party guarantees the repayment of a debt obligation.

find out more

Lease Guaranty Form

A Canadian legal document where a third party guarantees a tenant's lease obligations, providing additional security for the landlord under Canadian federal and provincial laws.

find out more

Guaranty Of Lease Agreement

A Canadian legal document where a guarantor commits to fulfill a tenant's lease obligations in case of default, providing additional security for the landlord.

find out more

Performance Guarantee Agreement

A Canadian law-governed agreement where a guarantor provides security for the performance obligations of a principal party to a beneficiary.

find out more

Payment Guarantee Agreement

A Canadian-law governed agreement where a guarantor assumes responsibility for another party's payment obligations to a creditor, subject to federal and provincial regulations.

find out more

Personal Guarantee Form For Commercial Lease

A Canadian legal document where an individual personally guarantees a business tenant's obligations under a commercial lease agreement.

find out more

Limited Guarantee Agreement

A Canadian law-governed agreement where a guarantor provides a capped or limited guarantee for another party's obligations to a beneficiary.

find out more

Joint Guarantee Agreement

Canadian law-governed agreement establishing joint and several liability among multiple guarantors for a principal debtor's obligations to a creditor.

find out more

Guarantor Letter For Lease

A Canadian legal document where a third party guarantees a tenant's lease obligations to a landlord, commonly used in residential and commercial leasing.

find out more

Guaranteed Payment Agreement

A Canadian-law governed agreement where a guarantor commits to fulfill payment obligations of a debtor to a creditor, establishing terms and enforcement mechanisms.

find out more

Guarantee Rental Agreement

A Canadian legal document where a third party (guarantor) agrees to fulfill a tenant's rental obligations if they default, subject to provincial/territorial laws.

find out more

Guarantee And Collateral Agreement

A Canadian law-governed agreement combining a guarantee of payment/performance with the grant of a security interest in the guarantor's assets to secure the guarantee obligations.

find out more

Continuing Guaranty Agreement

A Canadian law-governed agreement where a guarantor provides ongoing security for a debtor's present and future obligations to a creditor.

find out more

Continuing Guarantee Agreement

A Canadian law-governed agreement where a guarantor provides a continuing guarantee for another party's obligations to a creditor, covering both present and future obligations.

find out more

Personal Guarantee Settlement Agreement

A Canadian law-governed agreement documenting the settlement terms and release conditions for a personal guarantee obligation between a guarantor and creditor.

find out more

Guarantor Rental Agreement

A Canadian legal agreement where a third party (guarantor) commits to fulfilling a tenant's rental obligations if the tenant defaults under provincial law.

find out more

Personal Guaranty Agreement

A Canadian legal agreement where one party guarantees the financial obligations of another party to a creditor, subject to federal and provincial regulations.

find out more

Commission Guarantee Agreement

A Canadian law-governed agreement establishing guaranteed minimum commission payments between a principal company and sales representative, outlining commission terms and guarantee conditions.

find out more

Guarantee Fee Agreement

Canadian-law governed agreement establishing terms for guarantee fee payments between a guarantor and beneficiary, including fee structure and payment conditions.

find out more

Personal Guarantee Promissory Note

A Canadian legal document combining a promissory note with a personal guarantee, establishing primary debt obligations and secondary guarantee commitments under Canadian federal and provincial laws.

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.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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

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 £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.