Rapid Resolution of Disputes Regarding Extent Of A Guarantor’s Liability Under A Continuing Guarantee for Payments to A Supplier: Drafting Solutions For Lawyers

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This article is an illustrated example of disputes that may arise when an agreement of a continuing guarantee is unclear about the extent of the guarantor’s liability.  The article recommends and discusses drafting solutions that lawyers can adopt to minimize the chances of such disputes occurring and ensure the rapid resolution of disputes if they…

Protecting Supplier’s Interests In The Event Of Disputes Between The Customer And Payment Guarantor: Drafting Contracts To Ensure Rapid Enforcement

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This article provides drafting solutions for lawyers to employ to protect their clients’ interests when drafting contracts for clients receiving personal guarantees from directors of companies or partners of partnerships for payments of the companies or partnerships’ dues. Keywords: Guarantees, Agreements of Guarantee, Contract Amendments, Guarantor’s Consent, Purchase Contract Reference: Indian Contract Act, Section 133, illustration a…