Document background
A Deed of Release of Guarantee is commonly used when parties wish to formally discharge a guarantor from their obligations under an existing guarantee. This might occur when refinancing, restructuring debt, or when a guaranteed obligation has been satisfied. The deed must be executed in accordance with English and Welsh law requirements and typically includes details of the original guarantee, the scope of the release, and any conditions attached to it. It provides certainty and finality for all parties involved and helps prevent future disputes about the guarantor's obligations.
