{"product_id":"limited-suretyship-amount-cause-debt","title":"Limited Surety Template - By Amount and Cause of Debt - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eLimited Surety Template - By Amount and Cause of Debt - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eAmount \u0026amp; cause of debt\u003c\/strong\u003e\u003cstrong\u003e \u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eA Limited Suretyship may be used where a debt is owed or may in the future be owed by a person, and additional security is required in the form of another person accepting personal liability for the debt. This suretyship limits the surety’s liability to amounts that the debtor owes to the creditor relating to a specific transaction or agreement. In other words, the surety will not not liable for all the debtor’s debts.\n\nWe also have Limited Suretyships that are limited as to: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-amount\/\"\u003eamount\u003c\/a\u003e; \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-cause-debt\/\"\u003ecause of debt\u003c\/a\u003e; \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-time-amount\/\"\u003etime and amount\u003c\/a\u003e; and \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-time\/\"\u003etime\u003c\/a\u003e.\n\n\u003cstrong\u003eWhy do I need a Suretyship? \u003c\/strong\u003eA Limited Suretyship gives a supplier or creditor additional security. If the customer or debtor defaults, the creditor may use the suretyship to claim from the surety. If your business has customers or debtors who are likely to owe money, for example the provision of goods and services on credit, then a Suretyship can help to reduce the risk of non-payment. Particularly if your customers or debtors are legal entities such as companies or trusts, then the directors, shareholders or trustees can be requested to sign, personally guaranteeing the company’s or trust’s debt. But it can also be used by someone standing surety for their spouse, parent, child, friend or partner.\n\n\u003cstrong\u003eWhat does the Suretyship look like? \u003c\/strong\u003eThis template suretyship can be printed onto three pages.\n\n\u003cstrong\u003eWhat do you need to do to use this sample Suretyship? \u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the suretyship document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\n \t\u003cli\u003eComplete the relevant details, and get the surety or sureties to sign.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\nThis is a limited payment guarantee. We also have an \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/unlimited-suretyship\/\"\u003eUnlimited Suretyship\u003c\/a\u003e if you need the guarantors to sign an unlimited payment undertaking.\n\nA specialist’s advice should be sought, particularly if the underlying debt is subject to the National Credit Act 34 of 2005.\n\nAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/letters-demand-account\/\"\u003eLetters of Demand\u003c\/a\u003e.\n\n\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164056846476,"sku":"AO-4631","price":436.62,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Limited-Suretyship-Amount-Cause-of-Debt-1.jpg?v=1789524900","url":"https:\/\/agreementsonline.co.za\/products\/limited-suretyship-amount-cause-debt","provider":"Agreements Online","version":"1.0","type":"link"}