{"product_id":"limited-suretyship-time-amount","title":"Limited Surety Template - Time and Amount - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eLimited Surety Template - Time and Amount - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eTime and Amount\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eA Limited Guarantee may be used where a debt is owed or may in the future be owed someone, and additional security is required in the form of another person accepting personal liability for the debt. This document limits the surety’s liability to the amount agreed in the suretyship, with the suretyship obligation ending on an agreed termination date.\u003c\/p\u003e\n\u003cp\u003eWe also have other Limited Guarantees available, limiting the payment obligation in terms of: \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-amount-cause-debt\/\"\u003eamount \u0026amp; cause of debt\u003c\/a\u003e; \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-amount\/\"\u003eamount only\u003c\/a\u003e; \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-time\/\"\u003etime (expiry date)\u003c\/a\u003e; or \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-cause-debt\/\"\u003ecause of debt\u003c\/a\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy do I need a Suretyship? \u003c\/strong\u003eA Guarantee provides a supplier or creditor with additional security. If the customer or debtor defaults, the creditor may use the suretyship to demand payment from the surety. If your business has customers or debtors that are likely to owe money, for example the provision of goods and services on credit, then a Suretyship may be used to reduce the risk of non-payment. Particularly if your customers or debtors are legal entities such as companies or trusts, where the directors, shareholders or trustees can be asked to sign personally guarantee the entity's debt. But it can also be used by someone standing surety for their spouse, parent, child, friend or partner.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the Suretyship look like? \u003c\/strong\u003eThis template suretyship can be printed onto three pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use a Guarantee? \u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the sample suretyship document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\u003cli\u003eComplete the relevant details, add more sureties if needed, and get the surety or sureties to sign.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThis is a limited payment guarantee. We also have an \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/unlimited-suretyship\/\"\u003eUnlimited Suretyship \u003c\/a\u003eif you need the guarantors to sign an unlimited payment undertaking.\u003c\/p\u003e\n\u003cp\u003eA specialist’s advice should be sought, specifically if the underlying debt is subject to the National Credit Act 34 of 2005.\u003c\/p\u003e\n\u003cp\u003eAlso viewed: \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/letters-demand-account\/\"\u003eLetters of Demand\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003e\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\u003c\/p\u003e\n","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":61657305088140,"sku":"AO-4638","price":436.62,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Limited-Suretyship-_E2_80_93-Time-Amount-1.jpg?v=1790553368","url":"https:\/\/agreementsonline.co.za\/products\/limited-suretyship-time-amount","provider":"Agreements Online","version":"1.0","type":"link"}