The customer is either you or your business entity, the party asking you to be related is the debtor, and the collateral is the borrower. By signing this contractual agreement, the guarantor provides financial assistance on your behalf so that you can meet the debtor`s requirements. The guarantee agreement will always be in writing, but as the guarantees granted to private projects are not imposed by law, their requirements vary. For example, some guarantees require the mention of a social security number, while others require an unrelated third party to witness each signature and sign that he or she has acted accordingly. .
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