The Guarantee Contract is a crucial legal instrument in New Zealand's commercial and financial landscape, commonly used to provide additional security for loans, financial obligations, or performance commitments. This document is essential when a creditor requires extra assurance beyond the principal debtor's commitment, particularly in situations involving substantial financial exposure or perceived credit risk. The guarantee may be limited or unlimited in scope and can be secured or unsecured. It must comply with New Zealand's legal framework, including the Contract and Commercial Law Act 2017, Credit Contracts and Consumer Finance Act 2003, and relevant financial services legislation. The document is particularly important in commercial lending, property transactions, and business arrangements where one party seeks additional security for the performance of obligations by another.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the guarantor, the creditor (beneficiary of the guarantee), and the principal debtor
2. Background: Explains the context of the guarantee, including reference to the principal debt or obligation being guaranteed
3. Definitions: Defines key terms used throughout the guarantee agreement
4. Guarantee and Indemnity: Core section detailing the guarantee obligations and indemnity provisions
5. Extent of Guarantee: Specifies the scope and limitations of the guarantee, including maximum liability if applicable
6. Duration and Continuing Security: Establishes how long the guarantee remains in effect and its continuing nature
7. Guarantor's Obligations: Details specific obligations of the guarantor including payment terms and performance requirements
8. Creditor's Rights: Outlines the rights of the creditor, including enforcement rights
9. Representations and Warranties: Guarantor's confirmations about their capacity and authority to enter the guarantee
10. Default and Enforcement: Specifies what constitutes default and the consequences
11. Payments and Interest: Details about payment obligations, including interest on overdue amounts
12. General Provisions: Standard contractual provisions including notices, amendments, and governing law
1. Security Provisions: Used when the guarantee is supported by specific security assets
2. Multiple Guarantors: Required when there is more than one guarantor, detailing joint and several liability
3. Corporate Guarantor Provisions: Specific provisions required when the guarantor is a company
4. Independent Legal Advice: Acknowledgment section used when independent legal advice is required or recommended
5. Guarantee Limitation: Used when the guarantee is limited in amount or scope
6. Priority and Subordination: Required when there are multiple creditors or security interests
7. Assignment and Transfer: Optional provisions regarding the ability to transfer or assign the guarantee rights
8. Financial Covenants: Used for sophisticated commercial guarantees requiring ongoing financial commitments
1. Schedule 1 - Details of Principal Obligations: Details of the underlying debt or obligations being guaranteed
2. Schedule 2 - Security Details: Description of any security assets or arrangements supporting the guarantee
3. Schedule 3 - Guarantor Information: Detailed information about the guarantor(s) including contact details and asset statements
4. Schedule 4 - Form of Demand: Template for making formal demands under the guarantee
5. Appendix A - Independent Legal Advice Certificate: Certificate from legal advisor confirming advice given to guarantor
6. Appendix B - Corporate Authority Documentation: Required corporate resolutions or authorizations for corporate guarantors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Construction
Commercial Lending
Retail
Manufacturing
Professional Services
Small Business
Property Development
Agriculture
Relevant Teams
Legal
Finance
Credit
Risk Management
Compliance
Commercial Banking
Corporate Services
Business Development
Operations
Treasury
Relevant Roles
Credit Manager
Risk Officer
Legal Counsel
Commercial Banker
Relationship Manager
Contract Administrator
Finance Director
Compliance Officer
Credit Analyst
Corporate Lawyer
Financial Controller
Business Development Manager
Mortgage Broker
Company Secretary
Chief Financial Officer
Find the exact document you need
Electronic Contract
A New Zealand law-compliant electronic contract template for digital transactions and agreements, incorporating electronic signature and security provisions.
Download
Service Level Guarantee
A New Zealand-compliant agreement that defines guaranteed service performance levels and remedies for non-compliance.
Download
Lease Agreement For Trucking Company
A New Zealand-governed commercial lease agreement specifically designed for trucking company operations, including provisions for vehicle facilities and operational requirements.
Download
Notarial Contract
A formally authenticated legal document executed before a New Zealand Notary Public, carrying legal weight domestically and internationally.
Download
Distance Contract
New Zealand-compliant Distance Contract template for remote selling arrangements, suitable for online, telephone, and mail-order transactions.
Download
Client Confidentiality Policy
An internal policy document governing the protection of client confidential information under New Zealand law, including handling procedures and compliance requirements.
Download
Labor Agreement
A New Zealand-compliant employment agreement establishing terms and conditions between employer and employee under NZ employment law.
Download
Design Agreement
A New Zealand-governed agreement establishing terms between a design service provider and client, covering design services, deliverables, and related obligations.
Download
Website Maintenance Agreement
A New Zealand-governed agreement defining terms and conditions for professional website maintenance services, including updates, support, and security management.
Download
IT Service Level Agreement
A New Zealand-governed agreement defining IT service delivery terms, performance standards, and operational requirements between service provider and customer.
Download
General Contract For Services
A New Zealand-compliant contract template for establishing service provision relationships between providers and clients, aligned with NZ contract law.
Download
Bartender Contract
New Zealand-compliant employment agreement for bartending positions, covering essential terms and alcohol service requirements.
Download
House Share Agreement
A New Zealand-compliant agreement establishing terms and conditions for multiple occupants sharing a residential property, aligned with local tenancy laws.
Download
Training Agreement Between Company And Trainer
A New Zealand-governed agreement establishing terms between a company and trainer for professional training services delivery.
Download
Service Bond Agreement
A New Zealand-compliant agreement binding an employee to serve an organization for a specified period in exchange for receiving training or educational support.
Download
Reservation Contract
A New Zealand-compliant contract establishing terms and conditions for reservations, including payment terms, cancellation policies, and party obligations.
Download
Public Service Agreement
A New Zealand-governed agreement for engaging service providers within the public sector, aligned with Public Service Act 2020 requirements.
Download
Operation And Maintenance Contract
A New Zealand-governed agreement establishing terms for facility operation and maintenance services, including service scope, performance standards, and compliance requirements.
Download
Framework Contract In Procurement
New Zealand Framework Contract establishing terms and conditions for ongoing procurement relationships between purchasers and suppliers.
Download
Facility Letter
A formal document under New Zealand law that outlines the terms and conditions of a credit facility or loan, serving as a binding agreement between a financial institution and borrower.
Download
Exclusive Buyer Brokerage Agreement
A New Zealand-compliant agreement establishing exclusive representation rights between a real estate agent and property buyer, governed by NZ real estate law.
Download
Enterprise Subscription Agreement
A New Zealand-governed agreement establishing terms for enterprise subscription services, including service delivery, performance standards, and compliance requirements.
Download
Development Services Agreement
A New Zealand-governed agreement establishing terms for development services provision, including scope, IP rights, and delivery requirements.
Download
Customer Protection Agreement
A legal agreement outlining customer protections and rights under New Zealand law, establishing clear standards for business-consumer relationships.
Download
Admission Agreement
A New Zealand-compliant legal agreement establishing the terms of admission between an educational institution and a student, outlining rights, responsibilities, and conditions of enrollment.
Download
Administrative Contract
A New Zealand-governed contract for public sector arrangements, establishing terms for service delivery and compliance with government requirements.
Download
Transfer Contract
A New Zealand law-governed agreement facilitating the formal transfer of assets, property, rights, or obligations between parties.
Download
Shared Services Agreement
A New Zealand law-governed agreement establishing terms and conditions for shared services delivery between organizations, including service specifications, performance standards, and governance structures.
Download
Installation Agreement
A New Zealand-governed agreement setting out terms and conditions for equipment or system installation services, including scope, specifications, and compliance requirements.
Download
Payment Settlement Agreement
A New Zealand-compliant agreement that formalizes payment settlement terms between parties, including settlement amount, payment schedule, and release of claims.
Download
Dispatcher Agreement
A New Zealand-compliant agreement establishing terms and conditions for dispatch services, including operational procedures and performance standards.
Download
Staffing Agreement
A New Zealand-governed agreement between a staffing agency and client organization for temporary staffing and permanent placement services.
Download
Personal Services Contract
A New Zealand-governed agreement establishing terms and conditions between an independent contractor and client for professional services delivery.
Download
Staff Contract
A legally compliant New Zealand employment agreement establishing the terms and conditions of employment under New Zealand law.
Download
Volunteer Agreement
A New Zealand-compliant agreement establishing the relationship between an organization and a volunteer, defining rights, responsibilities, and expectations of both parties.
Download
Home Construction Contract
New Zealand residential construction agreement defining terms, specifications, and obligations between homeowner and builder under NZ law.
Download
Home Repair Contract
A New Zealand-compliant contract governing residential repair works between contractors and homeowners, including scope, terms, and obligations.
Download
Truck Driver Contract Agreement
A New Zealand-governed agreement establishing employment terms between a transport company and truck driver, ensuring compliance with NZ transport and employment regulations.
Download
Real Estate Purchase Contract
A legally binding agreement under New Zealand law for the sale and purchase of real property, detailing terms, conditions, and obligations of the transaction.
Download
Data Processing Agreement
A New Zealand law-governed agreement establishing terms and obligations for processing personal information between a data controller and processor under the Privacy Act 2020.
Download
ұԾ’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; ұԾ’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
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)