Canadian Guaranty Agreement
Canadian Guaranty Agreement
A Guaranty (or Guarantee) Agreement is used during a loan, or sometimes a real estate transaction. The agreement specifies a third party (called a guarantor) who will step in and make necessary payments if the party obtaining the loan or real estate cannot make payments.
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'When I borrowed some money from my friend, he wanted me to sign a Promissory Note. Before coming to your site, I didn't really even know what that was. Thankfully, Documatica explained it, and helped us make one specific to the situation. Both of us were happy that we didn't have to spend an arm and a leg to talk to a lawyer.'
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