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What is a joint and several guarantee deed?
The deed of guarantee is a document by which a party called deposit guarantees a debtor. Generally, it is a contract annexed to a main contract in which the debtor undertakes to pay a sum to the creditor.
This contract thus ensures that the creditor will get the sums due.
The issues of the bond deed
The joint surety implies a strong power for the creditor since he will be able to pursue both the principal debtor than the guarantor for the payment of the sums due to him. The guarantor's undertaking must therefore be conscious and express within the instrument, in particular by a handwritten note.
In addition, if the deed of guarantee binds the Guarantor, it may also bind his spouse in the event that the latter gives his consent. The interest here is to allow the joint property of the spouses to be involved in the guarantee.
Composition of the model
This model has general conditions in which the date of birth can be found. beginning of the act of the guarantee, the possibility or not of adding a clause removing the benefit of discussion of the debtor or the modalities of assignment of the act.
The + of this document
This document is perfectly suited to the marital status of the guarantee. When the user indicates his status, the document proposed by Legal Pilot generates the clauses appropriate to his situation.
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