THIS DEED OF GUARANTEE executed at _____________, this ______________ day of
_____________ Two thousand and _____ BY ABC of __________, Indian Inhabitant, having address
at _______________ ______________________, hereinafter called “THE GUARANTOR” (which
expression shall unless it be repugnant to the context or meaning thereof, mean and include his
heirs, executors and administrators) of the One Part; And X Y Z also of _____________, Indian
Inhabitant, having address at ___________________________________, hereinafter called “THE
PRINCIPAL” (which expression shall unless it be repugnant to the context or meaning thereof, mean
and include his heirs, executors, administrators and Assigns) of the Other Part:
W H E R E A S: (a) This Agreement is supplemental to a contract made between one M/s Vijay Constructions of
the One Part and the Principal of the Other Part whereby the Principal has agreed to supply
certain goods to the said M/s Vijay Constructions on credit.
(b) In consideration of the principal supplying goods to M/s Vijay Constructions on credit, the
Guarantor has agreed to guarantee the said payment as appearing hereinafter.
NOW THE GUARANTOR HEREBY AGREES with the Principal as follows:—
(i) The Guarantor hereby guarantees to the Principal the payment of all moneys (now or) at
any time or times (hereinafter) to the Principal in respect of the goods sold (to be sold) and
supplied (to be supplied) by the Principal to the said M/s Vijay Constructions. However, the
Guarantor’s liability in no case shall exceed the sum of Rs. _____________/- (Rupees
____________________________ only).
(ii) The Principal is at liberty to grant to the said Vijay Constructions such extension of credit or
time for payment or other indulgence as he may think proper without discharging or
impairing Guarantor’s liability hereunder.
(iii) This guarantee is to be a continuing guarantee.
(iv) The Guarantor reserves his right to revoke this guarantee by giving notice in writing as to
all future dealings by the Principal with the said M/s Vijay Constructions.
IN WITNESS WHEREOF the GUARANTOR has put his hand on the day and year first hereinabove
written.
SCHEDULE ABOVE REFERRED TO:
SIGNED AND DELIVERED by )
the within named ABC, )
the GUARANTOR above named, in )
the presence of ————————— )

Using this format

This is a reference draft reproduced for study and adaptation. Court rules, court fees and the correct forum vary with the facts and the value of the claim, so have the document checked and filed by an advocate. A defective application can be returned or dismissed even when the case itself is good.

Our Banking & Recovery team drafts and files these documents before the Calcutta High Court, city civil courts, magistrate, family and consumer courts in Kolkata. We handle recovery suits, SARFAESI and insolvency proceedings.

Disclaimer: this page is a sample format reproduced for reference and study. It is not legal advice and does not create an advocate–client relationship.

Guarantee for Payment of Goods to Be Supplied

Using this format

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