Example Document for Guaranty Agreement
Guaranty Agreement - Example Document
The Guaranty Agreement describes the obligation owed, distinguishes between a
continuing or specific guaranty, contains the names of all of the parties, the date the guaranty
agreement is entered into, which state's laws apply, the location the agreement is signed, and
whether anattorney's fees clause is included.
In this Guaranty Agreement, Sam Poorhouse took a loan from Larry
Loanshark, evidenced by a promissory note dated January 10, 1997.
To induce Larry Loanshark into making the loan, Larry required Richie
Rich to guaranty the loan in the event Sam Poorhouse
failed to pay back the amount owed.
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