Simple Surety Agreement (English) Template - Swedish Law Word/PDF

Product description: Single Surety By Private Person (English) - Swedish Law

Discover our detailed and legally reviewed template for "Enkel Borgen Av Privatperson (English)" which is designed in accordance with Swedish legislation. This document template is perfect for those who need a legally binding agreement where a private person guarantees another individual's financial obligations. The template is available for immediate download and comes in both Word and PDF formats, making it easy to customize to your specific needs.

Product description

Overview

This template for simple surety by a private person is a comprehensive and easy-to-use document template that meets all the necessary legal requirements according to Swedish law. The template is designed to ensure that both the guarantor and the creditor have clear and legally binding conditions to guarantee the fulfillment of a debt or other financial obligation by a third party, called the principal debtor.

Content and Structure

The template contains the following sections:

Parties:

Specification of the name and contact details of the creditor, guarantor and principal debtor.

Introduction:

A brief introduction to the agreement that clearly defines the purpose and scope of the guarantee.

Guarantee obligations:

Detailed description of which obligations the guarantor undertakes and under which circumstances these come into force.

Contract period:

Start and end dates for the agreement and any conditions for extension or early termination.

Payment terms:

Specification of payment amount, payment schedule and accepted payment methods.

Rights to Security:

Conditions for any collateral that the guarantor may have to provide to guarantee his commitments.

Penalties for Non-Compliance:

Description of the consequences for the principal debtor's and guarantor's non-payment or breach of the agreement.

Additional Terms:

Any special conditions or additions that may need to be included depending on the specific circumstances of the agreement.

Signatures:

Section for signatures from all parties, which is formally included in the validity of the agreement.

Relevant Laws and Practices

To ensure that this template is legally correct and binding, we have included specific references to the following Swedish laws:

General Contract Law (AvtL) (1915:218):

Basic rules for agreements and their binding nature.

Credit Agreements Act (1992:830):

Regulation of credit agreements, including requirements for written form and duty to provide information.

The Consumer Protection Act (1974:8):

Protection for consumers when entering into credit agreements and guarantee commitments.

The Marriage Code (1987:230):

Requirement for written consent from spouse when bailing a married person.

The Act on the Use of Electronic Signatures (2000:832):

Confirms the validity of electronic signatures for legal documents.

Frequently Asked Questions (FAQ)

1. What is a bond? The guarantee means that a person (the guarantor) promises to pay a debt or fulfill another obligation if the main debtor cannot do it himself.

2. Is this template legally binding? Yes, this template is designed to be legally binding in accordance with Swedish legislation.

3. What types of debt can this template be used for? This template can be used to guarantee all types of debt, including loans, leases, and business-related debts.

4. Can I customize the template? Yes, the template comes in both Word and PDF format and can be easily customized to your specific needs.

5. Do I need a lawyer to use this template? Although the template is designed to be easy to use, we recommend that you consult an attorney to ensure that all legal aspects are covered.

6. What happens if the main debtor cannot pay? If the principal debtor is unable to pay, the guarantor becomes responsible for fulfilling the financial obligations.

7. What collateral can be required? Collateral can include real estate, vehicles, securities or other assets that the guarantor can pledge as collateral.

Tips for Use

Read carefully: Go through each section carefully to ensure you understand the terms and your obligations.

Customize as needed: Change details such as name, amount, and date to suit your specific circumstances.

Seek legal advice: Consult a lawyer if you are unsure about any part of the agreement.

Safe storage: Keep signed copies of the agreement in a safe place.

Electronic signature: If you use electronic signatures, make sure they are legally valid according to Swedish law.

Download and Use

This template is available for immediate download after purchase. You get access to both Word and PDF versions, making it easy to edit and print the document as needed.