Release of Guarantee Agreement

RELEASE OF GUARANTEE AGREEMENT
This Termination of Guarantee Agreement, dated this ___ day of _________________, 20___
(the “Termination Agreement”), is by and between _________________, of
_________________, City of _________________, State of _________________ (the
“Guarantor”), and between _________________, of _________________, City of
_________________, State of _________________ (the “Releasor”).
WHEREAS, Guarantor and Releasor are parties to a _________________ [NAME OF

DOCUMENT], dated the ___ day of _________________, 20___ (the “Document”), with all
amounts and liabilities owing under the Document, shall be amended, between Principal and
Releasor.
WHEREAS, the parties hereto wish to terminate the Guarantee provided in the Document
effective as of the date hereof; and
WHEREAS, each party hereto wishes to irrevocably release the other party hereto from all of its
respective obligations and liabilities under the Guarantee in the Document.
NOW, THEREFORE, in consideration of the agreements contained herein, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:
Section 1. Termination and Release. The Releasor irrevocably agrees that the Guarantee in
the Document is hereby terminated as of the date hereof, that Guarantor shall have no further
obligations, duties or liabilities thereunder, and the Releasor hereby releases, waives and
forever discharges Guarantor from all obligations, duties or liabilities of whatever nature arising
under or in connection with the Guarantee.
Section 2. Counterparts. This Termination Agreement may be executed in any number of

counterparts and by different parties hereto on separate counterparts, each complete set of
which, when so executed and delivered by all parties, shall be an original, but all such
counterparts shall together constitute one and the same instrument.
Section 3. Headings. The section headings in this Termination Agreement are for convenience
of reference only and shall not be deemed to alter or affect the meaning or interpretation of any
provision hereof.
Section 4. Amendments; etc. No amendment, modification or supplement to this Termination

Agreement, or waiver of any provision or right hereunder by any party hereto, shall be effective
unless in writing and executed by the parties hereto. This Termination Agreement shall be
binding upon the parties hereto and their respective successors and permitted assigns.
Section 5. Governing Law. This Termination Agreement shall be governed by and construed
in accordance with the laws of the State of _________________, without regard to the conflicts
of laws principles thereof.
IN WITNESS WHEREOF, the parties hereto have caused this Termination Agreement to be
executed on the date first above written.
Guarantor’s Signature ________________________ Date ________________
Releasor’s Signature ________________________ Date ________________
Page 1 of 2
NOTARY ACKNOWLEDGMENT
A notary public or other officer completing this

certificate verifies only the identity of the
individual who signed the document to which this
certificate is attached, and not the truthfulness,
accuracy, or validity of that document.
State of _________________,
County of _________________,
On _________________ before me, _________________ (name and title of officer),
personally appeared _________________, who proved to me on the basis of satisfactory
evidence to be the person(s) whose name(s) is/are subscribed to the within instrument
and acknowledged to me that she/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the instrument the
person(s), or the entity upon behalf of which the person(s) acted, executed the
instrument.
I certify under PENALTY OF PERJURY under the laws of the State of _________________
that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature _________________
(Seal)
Page 2 of 2

Release of Guarantee Agreement

Uploaded by

Copyright:

Available Formats

Release of Guarantee Agreement

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Release of Guarantee Agreement

Uploaded by

Copyright:

Available Formats

RELEASE OF GUARANTEE AGREEMENT

WHEREAS, Guarantor and Releasor are parties to a _________________ [NAME OF

Section 2. Counterparts. This Termination Agreement may be executed in any number of

Section 4. Amendments; etc. No amendment, modification or supplement to this Termination

Guarantor’s Signature ________ Date

Releasor’s Signature ________ Date

A notary public or other officer completing this

On _ before me, _ (name and title of officer),

personally appeared _________________, who proved to me on the basis of satisfactory

and acknowledged to me that she/she/they executed the same in his/her/their

authorized capacity(ies), and that by his/her/their signature(s) on the instrument the

that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

You might also like