{"component": "clause", "props": {"groups": [{"size": 17, "samples": [{"hash": "i26xD9wzSf4", "uri": "/contracts/i26xD9wzSf4#suretyship", "label": "Sale of Property Agreement", "score": 36.4551826438, "published": true}, {"hash": "jqYV6CfRxxA", "uri": "/contracts/jqYV6CfRxxA#suretyship", "label": "Sale of Property Agreement", "score": 35.3291473389, "published": true}, {"hash": "48ZBJJroKYj", "uri": "/contracts/48ZBJJroKYj#suretyship", "label": "Sale of Property Agreement", "score": 34.476020813, "published": true}], "snippet": "Any person who signs this agreement on behalf of the Purchaser do hereby bind himself as surety and co-principal debtor in solidum for and on behalf of the Purchaser to and in favour of the Seller and the Auctioneer for all the obligations of the Purchaser under this agreement and in particular for all amounts of money that may be due, including damages, from whatsoever cause arising under the renunciation of the benefits of division and exclusion. The said person declare that he fully understands this suretyship and waiver of benefits.", "snippet_links": [{"key": "any-person", "type": "definition", "offset": [0, 10]}, {"key": "this-agreement", "type": "clause", "offset": [21, 35]}, {"key": "principal-debtor", "type": "clause", "offset": [103, 119]}, {"key": "for-and-on-behalf-of", "type": "clause", "offset": [131, 151]}, {"key": "the-auctioneer", "type": "clause", "offset": [201, 215]}, {"key": "obligations-of-the-purchaser", "type": "clause", "offset": [228, 256]}, {"key": "in-particular", "type": "clause", "offset": [282, 295]}, {"key": "benefits-of", "type": "clause", "offset": [417, 428]}, {"key": "waiver-of-benefits", "type": "clause", "offset": [523, 541]}], "hash": "5ebabc157cad6b4d67869c540f8c36ba", "id": 1}, {"size": 12, "samples": [{"hash": "gWf5Q0EUcWS", "uri": "/contracts/gWf5Q0EUcWS#suretyship", "label": "General Conditions of Sale", "score": 34.8811912537, "published": true}, {"hash": "rKAirs9e8G", "uri": "/contracts/rKAirs9e8G#suretyship", "label": "Sale Agreement", "score": 26.930185318, "published": true}, {"hash": "5gDt8ELBbMc", "uri": "/contracts/5gDt8ELBbMc#suretyship", "label": "Agreement of Sale", "score": 23.9794654846, "published": true}], "snippet": "Should the purchaser be a company, close corporation or trust or should the purchaser have nominated a company, close corporation or trust as purchaser in terms of 17, the signatory to this agreement warrants that he/she is duly authorised to enter into this agreement on behalf of the company, close corporation or trust and hereby binds himself/herself as surety and co-principal debtor in favour of the seller for all the obligations of the purchaser in terms of this agreement (including any amounts which may become owing arising out of any breach of this agreement) and renounces the benefits of excussion, division, cession of action and de duobus vel pluribus \u2587\u2587\u2587\u2587 debendi the meaning and full force and effects of such benefits the signatory/surety acknowledges he/she knows and understands.", "snippet_links": [{"key": "should-the-purchaser", "type": "clause", "offset": [0, 20]}, {"key": "close-corporation-or-trust", "type": "clause", "offset": [35, 61]}, {"key": "in-terms", "type": "clause", "offset": [152, 160]}, {"key": "to-this-agreement", "type": "clause", "offset": [182, 199]}, {"key": "duly-authorised", "type": "clause", "offset": [224, 239]}, {"key": "to-enter", "type": "definition", "offset": [240, 248]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [272, 293]}, {"key": "principal-debtor", "type": "clause", "offset": [372, 388]}, {"key": "of-the-seller", "type": "clause", "offset": [399, 412]}, {"key": "obligations-of-the-purchaser", "type": "clause", "offset": [425, 453]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [457, 480]}, {"key": "arising-out-of", "type": "definition", "offset": [527, 541]}, {"key": "breach-of-this-agreement", "type": "clause", "offset": [546, 570]}, {"key": "benefits-of", "type": "clause", "offset": [590, 601]}, {"key": "full-force", "type": "definition", "offset": [697, 707]}], "hash": "3a1b4b6345f92259923e86f30d3e4726", "id": 2}, {"size": 11, "samples": [{"hash": "c3i6E1eyIH", "uri": "/contracts/c3i6E1eyIH#suretyship", "label": "Loan Agreement", "score": 29.9631576538, "published": true}, {"hash": "kryzwGXfrRC", "uri": "/contracts/kryzwGXfrRC#suretyship", "label": "Loan Agreement", "score": 29.8700866699, "published": true}, {"hash": "7n1jsLMCuoC", "uri": "/contracts/7n1jsLMCuoC#suretyship", "label": "Loan Agreement", "score": 29.7633285522, "published": true}], "snippet": "Each person signing or joining in this Contract as a Surety agrees in consideration of the Lender making the Loan to the Borrower, as follows: The Surety, with the Borrower, as principal debtor and not as surety will duly pay or cause to be paid all Indebtedness on the days and times and in the manner provided for payment of the same; The Surety unconditionally guarantees full performance and discharge of all the Indebtedness at the times and in the manner provided in this Contract; The Surety indemnifies and saves the Lender harmless from and against all losses, damages, costs and expenses which the Lender may sustain, or incur or be or become liable for by reason of: the failure for any reason whatsoever by the Borrower to pay the Indebtedness or to do and perform any other act, matter or thing required by the provisions of this Contract; or any act, action or proceeding, of or by the Lender, for, or in connection with, the recovery of the Indebtedness by the Borrower, or enforcing the performance by the Borrower or any other person liable under this Contract of any act, matter or thing required by the provision of this Contract; The Lender shall not be obliged to proceed against the Borrower or any other person liable under this Contract or to enforce or exhaust any security before proceeding to enforce the obligations of the Surety set out in this paragraph and that enforcement of such obligations may take place before, after or contemporaneously with enforcement of any of the Indebtedness or the enforcement of any security for any such Indebtedness; The Lender may, without notice to and the consent or approval of the Surety, grant extensions of time for payment, make renewals, increase, vary and amend the Interest Rate, the interest rate payable under the Credit Card Account, if any, the Loan and other terms of this Contract and the Indebtedness, release the whole or any part of the Hypothecated Property or other security from this Contract, or otherwise deal with the Borrower, any of the Indebtedness or the Hypothecated Property or other security as the Lender sees fit without releasing or lessening the liability of the Surety; The Surety agrees to be bound by each such renewal, variation and amendment of any terms of this Contract the Lender makes with the Borrower and each reference to this Contract in this Surety paragraph shall mean the Contract as so renewed and amended from time to time, regardless of whether made with or without the knowledge, consent or approval of the Surety; No delay or carelessness or neglect by the Lender in asserting any of its rights, nor the loss of any right by operation of law, nor the loss or destruction of any security, nor the lack of validity or enforceability of all or any part of this Contract or any other security held for or any document evidencing any part of the Indebtedness will in any way release or lessen the liability of the Surety; The Surety has read this Contract and is fully aware of and agrees with its terms and in particular, the terms of this Suretyship; Where there is more than one Surety, each Surety is solidarily responsible under this guarantee with the other Sureties and the Borrower; The Lender may serve notice on the Surety and any notice to the Surety shall be deemed received in the same manner as provided for notice to the Borrower in this Contract; The Surety renounces the benefit of division and the benefit of discussion; The Surety further acknowledges and agrees with the Lender that the Surety\u2019s obligations are not a guaranty attached to specific duties of the Surety towards the Borrower, but is given in consideration of the credit and ability of the Surety to fulfil or cause to be fulfilled the Indebtedness, and as such is an important consideration, without which the Lender would not have entered into this Contract. EXPLANATIONS FROM THE NOTARY The Lender and the Borrower, as well as the Surety and any other party to this Contract declare having received from their legal counsel appropriate and sufficient explanations of the nature and extent of the terms and conditions of this Contract and of the obligations of the parties deriving therefrom.", "snippet_links": [{"key": "each-person", "type": "clause", "offset": [0, 11]}, {"key": "in-this-contract", "type": "clause", "offset": [31, 47]}, {"key": "in-consideration-of-the", "type": "clause", "offset": [67, 90]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [109, 129]}, {"key": "principal-debtor", "type": "clause", "offset": [177, 193]}, {"key": "days-and-times", "type": "clause", "offset": [270, 284]}, {"key": "payment-of-the", "type": "clause", "offset": [316, 330]}, {"key": "performance-and-discharge", "type": "clause", "offset": [380, 405]}, {"key": "the-indebtedness", "type": "clause", "offset": [413, 429]}, {"key": "costs-and-expenses", "type": "definition", "offset": [579, 597]}, {"key": "lender-may", "type": "definition", "offset": [608, 618]}, {"key": "for-any-reason", "type": "clause", "offset": [690, 704]}, {"key": "to-pay", "type": "clause", "offset": [732, 738]}, {"key": "required-by", "type": "definition", "offset": [808, 819]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [820, 842]}, {"key": "action-or-proceeding", "type": "definition", "offset": [865, 885]}, {"key": "by-the-lender", "type": "clause", "offset": [893, 906]}, {"key": "in-connection-with", "type": "clause", "offset": [916, 934]}, {"key": "recovery-of", "type": "clause", "offset": [940, 951]}, {"key": "performance-by-the-borrower", "type": "clause", "offset": [1003, 1030]}, {"key": "any-other-person", "type": "definition", "offset": [1034, 1050]}, {"key": "under-this-contract", "type": "clause", "offset": [1058, 1077]}, {"key": "provision-of", "type": "clause", "offset": [1122, 1134]}, {"key": "set-out", "type": "definition", "offset": [1358, 1365]}, {"key": "enforcement-of-any-security", "type": "clause", "offset": [1526, 1553]}, {"key": "without-notice-to", "type": "clause", "offset": [1597, 1614]}, {"key": "approval-of", "type": "clause", "offset": [1634, 1645]}, {"key": "extensions-of-time-for-payment", "type": "clause", "offset": [1664, 1694]}, {"key": "the-interest-rate", "type": "clause", "offset": [1736, 1753]}, {"key": "credit-card-account", "type": "clause", "offset": [1791, 1810]}, {"key": "terms-of-this-contract", "type": "clause", "offset": [1839, 1861]}, {"key": "hypothecated-property", "type": "definition", "offset": [1921, 1942]}, {"key": "other-security", "type": "clause", "offset": [1946, 1960]}, {"key": "the-liability-of-the", "type": "clause", "offset": [2143, 2163]}, {"key": "agrees-to", "type": "clause", "offset": [2183, 2192]}, {"key": "amendment-of", "type": "clause", "offset": [2238, 2250]}, {"key": "reference-to", "type": "clause", "offset": [2322, 2334]}, {"key": "the-contract", "type": "clause", "offset": [2385, 2397]}, {"key": "from-time-to-time", "type": "clause", "offset": [2424, 2441]}, {"key": "no-delay", "type": "clause", "offset": [2536, 2544]}, {"key": "loss-of", "type": "clause", "offset": [2626, 2633]}, {"key": "by-operation-of-law", "type": "definition", "offset": [2644, 2663]}, {"key": "loss-or-destruction", "type": "clause", "offset": [2673, 2692]}, {"key": "lack-of-validity", "type": "clause", "offset": [2718, 2734]}, {"key": "security-held", "type": "definition", "offset": [2802, 2815]}, {"key": "in-particular", "type": "clause", "offset": [3025, 3038]}, {"key": "other-sureties", "type": "clause", "offset": [3175, 3189]}, {"key": "notice-to-the-surety", "type": "clause", "offset": [3258, 3278]}, {"key": "deemed-received", "type": "clause", "offset": [3288, 3303]}, {"key": "in-the-same-manner", "type": "definition", "offset": [3304, 3322]}, {"key": "notice-to-the-borrower", "type": "clause", "offset": [3339, 3361]}, {"key": "the-benefit", "type": "definition", "offset": [3401, 3412]}, {"key": "not-a-guaranty", "type": "clause", "offset": [3549, 3563]}, {"key": "duties-of-the", "type": "clause", "offset": [3585, 3598]}, {"key": "into-this-contract", "type": "clause", "offset": [3842, 3860]}, {"key": "other-party", "type": "clause", "offset": [3950, 3961]}, {"key": "legal-counsel", "type": "definition", "offset": [4014, 4027]}, {"key": "nature-and-extent", "type": "clause", "offset": [4075, 4092]}, {"key": "terms-and-conditions-of-this-contract", "type": "clause", "offset": [4100, 4137]}, {"key": "the-obligations-of-the-parties", "type": "clause", "offset": [4145, 4175]}], "hash": "3ace379be9309f05cced779a7acf8b21", "id": 3}, {"size": 9, "samples": [{"hash": "3M2tBtO6SB7", "uri": "/contracts/3M2tBtO6SB7#suretyship", "label": "Sale Agreement", "score": 25.6228618622, "published": true}, {"hash": "kn50oWRnlcM", "uri": "/contracts/kn50oWRnlcM#suretyship", "label": "Sale Agreement", "score": 24.8699512482, "published": true}, {"hash": "j3rllRxLUVl", "uri": "/contracts/j3rllRxLUVl#suretyship", "label": "Sale Agreement", "score": 24.8699512482, "published": true}], "snippet": "19.1 In the event of the signatory to this agreement signing on behalf of a company, trust or close corporation, he hereby binds himself in favour of the seller as surety and co-principal debtor in solidum, for the proper and timeous fulfillment of all the terms and conditions of this agreement by the purchaser for and on whose behalf he has entered into this agreement. The purchaser waives the benefit of the exceptions non numeratae pecuniae and beneficium divisionis, the nature and extent of which he acknowledges to be familiar with.\n19.2 The liabilities which might be forthcoming from this suretyship shall endure and remain in existence even if the seller cancels the agreement in terms of the cancellation clause.\n19.3 The signatory signing on behalf of a company, a close corporation or a trust hereby warrants that he is duly authorised by the purchaser to sign as such and that all internal requirements pertaining to such authorisation has been complied with.", "snippet_links": [{"key": "in-the-event-of", "type": "definition", "offset": [5, 20]}, {"key": "agreement-signing", "type": "clause", "offset": [43, 60]}, {"key": "on-behalf-of", "type": "definition", "offset": [61, 73]}, {"key": "close-corporation", "type": "clause", "offset": [94, 111]}, {"key": "of-the-seller", "type": "clause", "offset": [147, 160]}, {"key": "principal-debtor", "type": "clause", "offset": [178, 194]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [257, 295]}, {"key": "by-the-purchaser", "type": "clause", "offset": [296, 312]}, {"key": "entered-into", "type": "clause", "offset": [344, 356]}, {"key": "the-benefit", "type": "definition", "offset": [394, 405]}, {"key": "nature-and-extent", "type": "clause", "offset": [478, 495]}, {"key": "the-liabilities", "type": "clause", "offset": [547, 562]}, {"key": "in-existence", "type": "definition", "offset": [635, 647]}, {"key": "agreement-in-terms-of-the", "type": "clause", "offset": [679, 704]}, {"key": "cancellation-clause", "type": "definition", "offset": [705, 724]}, {"key": "authorised-by", "type": "definition", "offset": [840, 853]}, {"key": "sign-as", "type": "definition", "offset": [871, 878]}, {"key": "pertaining-to", "type": "definition", "offset": [919, 932]}], "hash": "0980d473d27613d672c03f3d2f3be308", "id": 4}, {"size": 8, "samples": [{"hash": "f8OrLD3HUMf", "uri": "/contracts/f8OrLD3HUMf#suretyship", "label": "Services Agreements", "score": 25.6386032104, "published": true}, {"hash": "hWUfvUAVolx", "uri": "/contracts/hWUfvUAVolx#suretyship", "label": "Standard Terms and Conditions", "score": 25.5455169678, "published": true}, {"hash": "517lPW4wpHH", "uri": "/contracts/517lPW4wpHH#suretyship", "label": "Services Agreement", "score": 25.4318962097, "published": true}], "snippet": "The signatory to this Agreement, as the authorized representative of the Customer, hereby binds himself/herself to SADV as personal surety and as co-principle debtor in solidum with Customer for the due, punctual and proper fulfilment and performance by Customer of all its obligations in terms of this Agreement. The aforementioned signatory hereby renounces all benefits arising from the legal exceptions of non numerataepecuniae, non causa debiti, errore calculi and beneficioexcussionus et divisionis, with the force and effect of which he/she hereby declares himself/herself to be fully acquainted.", "snippet_links": [{"key": "to-this-agreement", "type": "clause", "offset": [14, 31]}, {"key": "the-authorized-representative", "type": "clause", "offset": [36, 65]}, {"key": "of-the-customer", "type": "clause", "offset": [66, 81]}, {"key": "personal-surety", "type": "definition", "offset": [123, 138]}, {"key": "customer-for", "type": "clause", "offset": [182, 194]}, {"key": "by-customer", "type": "clause", "offset": [251, 262]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [289, 312]}, {"key": "legal-exceptions", "type": "clause", "offset": [390, 406]}, {"key": "effect-of", "type": "definition", "offset": [525, 534]}], "hash": "8a129574ff48b4594f3e7e4edcdefa79", "id": 5}, {"size": 6, "samples": [{"hash": "gevG5Gkmxx4", "uri": "/contracts/gevG5Gkmxx4#suretyship", "label": "Sale Agreement", "score": 31.7222690582, "published": true}, {"hash": "lsYtp5cgUtX", "uri": "/contracts/lsYtp5cgUtX#suretyship", "label": "Agreement of Sale", "score": 27.4420413971, "published": true}], "snippet": "Where the Purchaser is a company, close corporation or trust, the Surety renouncing the benefits of excussion and division, the full meaning which he/she declares himself/herself to be fully acquainted with, hereby binds himself/herself as Surety and co-principal debtor with the Purchaser for all the latter\u2019s obligations under this Agreement.", "snippet_links": [{"key": "the-purchaser-is-a", "type": "definition", "offset": [6, 24]}, {"key": "close-corporation-or-trust", "type": "clause", "offset": [34, 60]}, {"key": "benefits-of", "type": "clause", "offset": [88, 99]}, {"key": "principal-debtor", "type": "clause", "offset": [254, 270]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [311, 343]}], "hash": "7482b5674a7516aab396046c658a1b40", "id": 7}, {"size": 6, "samples": [{"hash": "lenKDVnX09n", "uri": "/contracts/lenKDVnX09n#suretyship", "label": "Lease Agreement", "score": 24.3169059753, "published": true}, {"hash": "gs45IF3OgjA", "uri": "/contracts/gs45IF3OgjA#suretyship", "label": "Lease Agreement", "score": 24.3169059753, "published": true}, {"hash": "jze0kTb0V6y", "uri": "/contracts/jze0kTb0V6y#suretyship", "label": "Lease Agreement", "score": 23.25872612, "published": true}], "snippet": "This lease is subject to the suspensive condition that (full name of surety and co-principal debtor) becomes bound to the Lessor in writing on the terms of the draft document annexed to this lease (and being the (specify) schedule thereto) as surety and co-principal debtor for all the obligations of the Lessee to the Lessor under this lease as well as those arising in consequence of any termination thereof. If that condition remains unfulfilled by (specify time and date) or any later time and date agreed upon between the parties in writing, this lease shall not come into operation but shall be null and void save that the Lessee shall then solely bear and pay or reimburse the Lessor on demand with the costs of this lease and the Lessor\u2019s expenses in reletting the Property, including any agent\u2019s commission and advertising costs.", "snippet_links": [{"key": "subject-to-the", "type": "definition", "offset": [14, 28]}, {"key": "suspensive-condition", "type": "definition", "offset": [29, 49]}, {"key": "principal-debtor", "type": "clause", "offset": [83, 99]}, {"key": "to-the-lessor", "type": "clause", "offset": [115, 128]}, {"key": "in-writing", "type": "clause", "offset": [129, 139]}, {"key": "terms-of-the", "type": "clause", "offset": [147, 159]}, {"key": "the-obligations-of-the-lessee", "type": "clause", "offset": [282, 311]}, {"key": "under-this-lease", "type": "clause", "offset": [326, 342]}, {"key": "any-termination", "type": "clause", "offset": [386, 401]}, {"key": "time-and-date", "type": "definition", "offset": [461, 474]}, {"key": "between-the-parties", "type": "clause", "offset": [515, 534]}, {"key": "null-and-void", "type": "definition", "offset": [601, 614]}, {"key": "lessee-shall", "type": "clause", "offset": [629, 641]}, {"key": "pay-or-reimburse", "type": "clause", "offset": [663, 679]}, {"key": "on-demand", "type": "clause", "offset": [691, 700]}, {"key": "costs-of", "type": "definition", "offset": [710, 718]}, {"key": "the-property", "type": "clause", "offset": [769, 781]}, {"key": "advertising-costs", "type": "definition", "offset": [820, 837]}], "hash": "307f0bc162a346be54711b70cbde8773", "id": 6}, {"size": 5, "samples": [{"hash": "jbODI8q4vkb", "uri": "/contracts/jbODI8q4vkb#suretyship", "label": "Credit Card Agreement", "score": 23.9043464661, "published": true}, {"hash": "2xAeK5ogbDA", "uri": "/contracts/2xAeK5ogbDA#suretyship", "label": "Credit Card Agreement", "score": 21.2107772827, "published": true}], "snippet": "10.3.1 We may, within our discretion and at any time, request the directors or members (as applicable) of the Business Client to sign a deed of suretyship, undertaking personal liability for amounts debited to the Business Control account and the cardholder account.", "snippet_links": [{"key": "our-discretion", "type": "clause", "offset": [22, 36]}, {"key": "at-any-time", "type": "clause", "offset": [41, 52]}, {"key": "the-directors", "type": "clause", "offset": [62, 75]}, {"key": "business-client", "type": "definition", "offset": [110, 125]}, {"key": "deed-of-suretyship", "type": "clause", "offset": [136, 154]}, {"key": "liability-for-amounts", "type": "clause", "offset": [177, 198]}, {"key": "control-account", "type": "definition", "offset": [223, 238]}, {"key": "cardholder-account", "type": "definition", "offset": [247, 265]}], "hash": "59b49b7c2266681f31482cb26aa84f15", "id": 8}, {"size": 5, "samples": [{"hash": "if0LSy7xbec", "uri": "/contracts/if0LSy7xbec#suretyship", "label": "Current Capital Loan Contract (Cdoor Corp)", "score": 19.0, "published": true}], "snippet": "6.1 The suretyship type: guarantee mortgage.\n6.2 Party A has liability to help Party B in signing surety contract (No. 29041100008101 and 29041100008102) with the surety party.\n6.3 in case the surety is changed which may against the credit right of Party B, upon Party B\u2019s notice, Party A shall provide other surety to Party B\u2019s satisfaction.", "snippet_links": [{"key": "party-a", "type": "definition", "offset": [49, 56]}, {"key": "party-b", "type": "definition", "offset": [79, 86]}, {"key": "surety-party", "type": "definition", "offset": [163, 175]}, {"key": "in-case", "type": "clause", "offset": [181, 188]}, {"key": "the-credit", "type": "clause", "offset": [229, 239]}, {"key": "right-of", "type": "clause", "offset": [240, 248]}, {"key": "upon-party", "type": "definition", "offset": [258, 268]}], "hash": "f1315a38cfccc43524253c38d8edbeed", "id": 9}, {"size": 5, "samples": [{"hash": "5eJNWCB4Xux", "uri": "/contracts/5eJNWCB4Xux#suretyship", "label": "Terms and Conditions", "score": 24.5626277924, "published": true}], "snippet": "By my signature hereto, I hereby jointly and severally bind myself to the customer on whose behalf I sign as surety and as co-principal debtor in solidum with each of the other of us and I acknowledge that I can be held liable for the due and punctual payment and performance by the customer on whose behalf I sign, in favour of the service provider of all debts and obligations of whatsoever nature and howsoever arising, including the payment to the service provider of all and any amounts which may at any time be owing to it by the company or other person from whatsoever cause arising. As part of my liability in terms hereof, I bind myself as aforesaid to pay the amount of all costs, charges and expenses of whatsoever nature including, but without derogating from the generality of the aforegoing, legal costs. This suretyship shall remain in full force and effect and binding upon me, notwithstanding that it may not have been signed by all of us and notwithstanding any exceptions order, excussion, division, cession of action and all and or any exceptions which could or might be pleaded to any claim by the service provider against me with the meaning, force and effect of which I declare myself to be fully acquainted. I furthermore agree that the service provider shall be entitled to institute action against me in any court. As further security for discharge of the customer\u2019s indebtedness, I hereby cede, assign, transfer and make over unto and in favour of the service provider, as security for any such debt, my title and interest to claim payment of all and any amounts which are now or may in the future become owing to me by the customer from any cause of indebtedness of whatsoever nature and howsoever arising.", "snippet_links": [{"key": "jointly-and-severally", "type": "clause", "offset": [33, 54]}, {"key": "sign-as", "type": "definition", "offset": [101, 108]}, {"key": "principal-debtor", "type": "clause", "offset": [126, 142]}, {"key": "by-the-customer", "type": "clause", "offset": [276, 291]}, {"key": "in-favour-of", "type": "definition", "offset": [316, 328]}, {"key": "obligations-of", "type": "clause", "offset": [367, 381]}, {"key": "to-the-service", "type": "clause", "offset": [445, 459]}, {"key": "at-any-time", "type": "clause", "offset": [502, 513]}, {"key": "by-the-company", "type": "clause", "offset": [529, 543]}, {"key": "other-person", "type": "definition", "offset": [547, 559]}, {"key": "in-terms", "type": "clause", "offset": [615, 623]}, {"key": "to-pay", "type": "clause", "offset": [659, 665]}, {"key": "all-costs", "type": "definition", "offset": [680, 689]}, {"key": "expenses-of", "type": "clause", "offset": [703, 714]}, {"key": "legal-costs", "type": "clause", "offset": [806, 817]}, {"key": "full-force-and-effect", "type": "definition", "offset": [851, 872]}, {"key": "binding-upon", "type": "clause", "offset": [877, 889]}, {"key": "signed-by", "type": "clause", "offset": [936, 945]}, {"key": "by-the-service-provider", "type": "clause", "offset": [1112, 1135]}, {"key": "effect-of", "type": "definition", "offset": [1175, 1184]}, {"key": "the-service-provider-shall", "type": "clause", "offset": [1257, 1283]}, {"key": "action-against", "type": "clause", "offset": [1309, 1323]}, {"key": "further-security", "type": "definition", "offset": [1344, 1360]}, {"key": "of-the-customer", "type": "clause", "offset": [1375, 1390]}, {"key": "title-and-interest", "type": "clause", "offset": [1531, 1549]}, {"key": "payment-of", "type": "definition", "offset": [1559, 1569]}, {"key": "the-future", "type": "clause", "offset": [1614, 1624]}, {"key": "indebtedness-of", "type": "clause", "offset": [1678, 1693]}], "hash": "a1c2cd03f2b4755f5f59bd09e89416bc", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNzdXJldHlzaGlwIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 235, "title": "SURETYSHIP", "children": [["", ""], ["definitions-and-interpretation", "DEFINITIONS AND INTERPRETATION"], ["general", "General"], ["monthly-statement", "Monthly statement"], ["surface-bed", "SURFACE BED"]], "parents": [["interpretation", "INTERPRETATION"], ["working-capital-account", "Working Capital Account"], ["whereas", "Whereas"], ["liability", "Liability"], ["severability", "SEVERABILITY"]], "id": "suretyship", "related": [["waiver-of-suretyship-defenses", "Waiver of Suretyship Defenses", "Waiver of <strong>Suretyship</strong> Defenses"], ["powers-of-attorney-and-suretyships", "Powers of Attorney and Suretyships", "Powers of Attorney and <strong>Suretyships</strong>"], ["defenses", "Defenses", "Defenses"], ["guaranties", "Guaranties", "Guaranties"], ["surety", "Surety", "Surety"]], "related_snippets": [], "updated": "2025-07-18T05:44:56+00:00", "also_ask": ["What key terms must be included in a suretyship clause to ensure enforceability?", "How can the surety\u2019s liability be strategically limited or expanded during negotiations?", "What are the most common legal pitfalls or fatal flaws in drafting suretyship provisions?", "How do courts typically interpret ambiguous suretyship language in disputes?", "How does this suretyship clause compare to standard industry or jurisdictional practices?"], "drafting_tip": "Define the surety's obligations precisely to avoid ambiguity; specify conditions triggering liability to ensure enforceability; identify all parties clearly to prevent disputes.", "explanation": "A suretyship clause establishes that a third party, known as the surety, agrees to be responsible for fulfilling the obligations of one party if that party fails to do so. In practice, this means that if the primary debtor defaults on a payment or performance obligation, the surety is legally required to step in and satisfy those obligations. This clause is commonly used in loan agreements or construction contracts to provide additional security to the party receiving the obligation. Its core function is to allocate risk and provide assurance that contractual commitments will be met, even if the original party is unable to perform."}, "json": true, "cursor": ""}}