Parent company guarantee—contractor friendly
Produced in partnership with Peter Jansen of Keystone Law

The following Construction precedent produced in partnership with Peter Jansen of Keystone Law provides comprehensive and up to date legal information covering:

  • Parent company guarantee—contractor friendly
  • Background

Parent company guarantee—contractor friendly

This Guarantee is made the [insert date] day of [insert month] 20[insert month]

Parties

  1. 1

    [insert name of Guarantor] (Company No. [insert company number]) [of OR whose registered office is at] [insert address] (the ‘Guarantor’ which expression shall include its successors in title and permitted assigns); and

  1. 2

    [insert name of Employer] (Company No. [insert company number]) [of OR whose registered office is at] [insert address] (the ‘Employer’ which expression shall include its successors in title and permitted assigns).

Background

    1. (A)

      By an agreement in writing (the ‘Contract’) dated [insert date] made between (1) the Employer and (2) [insert name of Contractor] Company (No. [insert company number]) (the ‘Contractor’) the Contractor has agreed to [design OR complete the design of] and construct (the ‘Works’)

    1. (B)

      The Guarantor has agreed to guarantee the due performance by the Contractor of its

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