Deed of Release of Guarantor

Document Summary

This document is used to release a guarantor from his obligations towards a beneficiary. The release from the guarantee is a result of payment of a settlement amount by the guarantor or the borrower.

Upon signing this deed, the guarantee is cancelled, and the beneficiary must hand it over to the guarantor. 

Description

This document contains the following sections:

1. Definitions
2. Release and Surrender
3. General Terms

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.