SheriaPlex

Personal Deed of Guarantee and Indemnity

Document Type
DOCX
Pages
4
Price: KES 400
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Document Overview

A Personal Deed of Guarantee and Indemnity is a legally binding document in which one person (called the Guarantor) personally promises to repay a debt or fulfill an obligation owed by another person or company (called the Principal Debtor) if that debtor fails to do so.

It is usually signed as a deed, meaning it must be written, signed, witnessed, and stamped, giving it stronger enforceability than an ordinary contract.

The purpose of this document is to secure the creditor or lender against financial loss. It achieves this by making the guarantor personally liable for the debts or obligations of another person or entity.

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