Guaranty Agreement - Template, Sample Form to Fill out

GUARANTOR FORM

________, (the "Employer"), of: ________, has agreed to engage the services of the ________ (the "Employee") as: ________. As a condition for employment, the Employer requires its employees to produce credible and acceptable persons as guarantor subject to the Employer's approval.

Therefore, you agree to provide guarantee to the Employer to cover any loss or damage caused by the Employee during the period of employment with ________.

IN CONSIDERATION of the employment offer granted to the Employee and other covenants and promises contained herein, the receipt of which is hereby acknowledged, it is hereby agreed as follows:

GUARANTEE AND INDEMNITY

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I agree to indemnify and hold the Employer harmless for all actions, damages, liabilities, expenses, damages, settlements and any kind of loss reasonably incurred by the Employer as a result of:

(I) any breach of the terms and conditions of the Employment agreement by the Employee;

(II) any fraudulent, dishonest, negligent or wrongful act or omission of the Employee in the course of his/her employment with the Employer; and

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I agree that this shall remain in force and effect until the termination of the Employee's employment.

DATED THIS............................ day of............................................., 20.......

PARTICULARS OF THE GUARANTOR

NAME:...........................................................................................................................

ADDRESS:..........................................................................................................................

OCCUPATION:....................................................................................................................

PHONE NO.:.......................................................................................................................

EMAIL:...............................................................................................................................

SIGNATURE:......................................................................................................................