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Revocation of Guaranty

This template is used by a company to formally revoke a previously issued guaranty. It is suitable for situations where the guaranteed obligation has been fulfilled, restructured, or the company no longer wishes to be bound by the guaranty.

Updated 15d ago
guarantyrevocationfinancedebtliabilitylegal

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Recipient Details

To: {{recipient_name}}

{{recipient_address}}

Attention: {{attention_person_or_department}}

Subject

**REVOCATION OF GUARANTY**

Background

This letter serves as formal notification of the revocation of the Guaranty (the 'Guaranty') dated {{original_guaranty_date}}, executed by {{guarantor_company_name}} (the 'Guarantor') in favour of {{beneficiary_company_name}} (the 'Beneficiary'), for the benefit of {{primary_obligor_company_name}} (the 'Primary Obligor'), pertaining to the obligations under the {{underlying_agreement_name}} dated {{underlying_agreement_date}} (the 'Underlying Agreement').

Revocation Clause

The Guarantor hereby formally and unequivocally revokes, withdraws, and terminates all its obligations and liabilities under the aforementioned Guaranty, effective {{effective_revocation_date}} (the 'Effective Date').

Cessation of Liability

Upon the Effective Date, the Guarantor shall be relieved and discharged from any and all present and future claims, demands, liabilities, duties, and obligations arising from or in connection with the Guaranty, save for any obligations or liabilities that may have accrued prior to the Effective Date and remain outstanding.

Acknowledgement and Release

The Beneficiary is requested to acknowledge this revocation and provide written confirmation to the Guarantor within {{number_of_days}} days of the Effective Date, confirming the release of the Guarantor from all obligations under the Guaranty. Any security interests or collateral provided by the Guarantor in relation to the Guaranty should also be released and returned promptly.

Governing Law and Jurisdiction

This Revocation of Guaranty shall be governed by and construed in accordance with the laws of {{jurisdiction}}. Any disputes arising out of or in connection with this Revocation shall be subject to the exclusive jurisdiction of the courts of {{jurisdiction}}.

Contact Information

For any inquiries regarding this revocation, please contact:

{{contact_person_name}}

{{contact_person_title}}

{{contact_person_email}}

{{contact_person_phone_number}}

Signature

Sincerely,

_____________________________

{{authorized_signatory_name}}

{{authorized_signatory_title}}

{{guarantor_company_name}}

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