A guarantor agrees to pay a debt if the borrower fails to do so, and is responsible for the full amount of the debt and any associated costs.
This legal template is likely focused on a document known as a "Continuing Guaranty" under United States law. It is designed to provide a legal framework for the ongoing guarantee of a specific obligation or debt by a guarantor. The template could potentially be automated or enhanced with the use of AI technology provided by Genie AI.
