Letter of guarantee in English
A letter of guarantee is a unilateral and non-secured obligation of one company (guarantor) to another company (creditor) by which the guarantor guarantees the fulfilment of the debtors’ obligation to the creditor. For example, a parent company (guarantor) may issue a letter of guarantee to a bank (creditor) to secure the loan obligations of its subsidiary (debtor).
Volume of the letter of guarantee: 2 pages
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Who can issue a guarantee?
Guarantees can be issued by any company. A private person (for example, the owner of a company) cannot issue a guarantee; he or she can, if he or she so wishes, secure the company's obligations with a surety.
The file of the contract will be sent to you automatically after you have paid for the purchase by credit card or bank link. Should you need to pay for the purchase by invoice, we will send you the file after the payment has been made.
The contract file will be sent to you automatically after you have paid for the purchase with a credit card or bank link, we will send the invoice based on the purchase later.
If you wish to pay for your purchase with an invoice to the bank, we will send the file after receiving the payment.
- If you wish to make amendments to the contract, please contact our lawyer at juristid@koda.ee.
- Members of the Chamber of Commerce and Industry get 1 hour of legal consultation free of charge per year, in addition to other important benefits.
- Reproduction, distribution and any other way of transferring ordered contracts and the information contained therein to third parties without the prior written permission of the Estonian Chamber of Commerce and Industry is prohibited. The customer of the contract may disclose the content of the contract only to the persons with whom the customer of the contract wishes to enter into a contract on the basis of the contract in hand.
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