ContractCentral.com » Borrowing & Lending » Promissory Notes » Guarantee Termination

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Includes instructions, free checklist. Supported file types: Word, Works, PDF, RTF. Compatible with Mac, Windows, and Linux.

Guarantee Termination

Terminating your guarantee only limits your liabilities from the date received by the party who has your guarantee. Therefore, you must send it by registered mail, by courier with signature required, or by a recognized overnight delivery service by a firm such as FedEx.

These terminations are usually used by principals in businesses who no longer have those roles and whose guarantees were secondary, or good faith, guarantees of the debts in question. In these instances, the Termination can be very helpful over the long term to extricate you from these contingent liabilities.

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