Alina

Blog Bite: What is required for a guarantee to be enforced?

January 04, 2007

This article posted on our partner site Mondaq.com looks at a judgement where a court found that a company that was owed fees by a director who assured he would pay did not constitute a guarantee. For the guarantee to be enforced, it must be given in writing and signed by the guarantor, and in this case, a formal guarantee made afterwards superseded any previous agreement in accordance with the Entire Agreement clause.

This comes to you as a part of Clausehound’s exciting new collaboration with Mondaq!

Entire Agreement
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Written by Alina.