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LexisNexis Practical Guidance®
Straightforward guidance across a range of topics
- Guarantees
- Other practical matters when dealing with Guarantees
Releasing guarantors
In some circumstances, a guarantor may be released as the guarantee is discharged by operation of law. The release of a guarantor from the guarantor’s obligations may be in whole or in part. This guidance note explains circumstances where this may occur. Case law examples are provided to aid legal practitioners’ understanding.
This guidance note explains how indemnity may be used as a protection when a guarantee is discharged. It also outlines ways to prevent guarantors from being released unexpectedly.
See Release of guarantors.