Guarantee of contract performance
Document overview
- ACT
- NSW
- NT
- QLD
- SA
- TAS
- VIC
- WA
- Length:7 pages (1800 words)
- Available in:Microsoft Word DOCXApple PagesRTF
If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.
We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.
You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.
Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.
Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.
About this document
This is a professionally drawn, short agreement which identifies an original contract, then ties a new guarantor to it, to stand in the shoes of one of the parties.
This contract guarantee covers any situation where there has been some disagreement about a contractor's ability to complete his performance obligations. A new deal is agreed, whereby the contractor finds some other company to provide support and guarantee the performance of the contract.
Although named a guarantee document, we have also provided a structure for you to add changes to the terms of the original agreement. These could be changes to price, payment terms, completion date, penalties, quality of work, testing, or anything else.
Example:
Nineteen year old builder agrees to build a garage. Problems arise in quality of work. Client holds back money. Client accepts his father (also a builder) as guarantor and garage is completed.
Example:
Internet marketer takes on work for small company. Company fails to complete website so marketer cannot complete the task. Directors of company personally guarantee that the website will be completed, so marketer agrees not to sue the company for breach of contract.
Example:
Civil engineering company engaged in public works contract falls behind in milestones to complete new motorway. Department of Transport threaten penalty clause. But just in time, parent company agrees to guarantee the performance of the contract, including the penalty provisions.
The law in this document
There is no modern statutory law relating to guarantees. This document is based on contract common law.
Alternative documents
In these examples, the guarantee is for performance of a contract. If you are looking for a guarantee agreement for a contract debt only, look at Guarantee of contract debt OR Deed of guarantee of loan.
Net Lawman offers other document templates related to new guarantees at Guarantees and Indemnities.
Recent reviews
Thank you again.Great service
Choose the level of support you need
Document Only
- This document
- Detailed guidance notes explaining how to edit each paragraph
Lawyer Assist
- This document
- Document with guidance notes explaining how to edit each paragraph
- Unlimited email support - ask our legal team any question related to completing the document
- Review of your edited document by our legal team including:
- reporting on whether your changes comply with the law
- answering your questions about how to word a new clause or achieve an outcome
- checking that your use of defined terms is correct and consistent
- correcting spelling mistakes
- reformatting the document ready to sign
All rights reserved