Keywords:
1. Why have a guarantee? How does it differ from an Indemnity? -- 2. What obligation can be the subject of a guarantee? -- 3. Selecting a guarantor - due diligence requirements and security considerations -- 4. Do guarantees have to be in writing? -- 5. The advantages of using a deed -- 6. Defining the scope and nature of the guarantee -- 7. Setting limits on obligations and mechanisms in the event of future changes -- 8. Length of arrangement, notices and releases -- 9. Execution Requirements -- 10. Common problems with guarantees and how to avoid them