Guarantee and Indemnity

Guarantee and indemnity is a service that commercial lawyers can help clients with. This service is offered as a way to protect the client in the event that something goes wrong. There are different types of guarantees and indemnities, and it’s important to understand the difference before deciding if this service is right for you.

A guarantee, for example, is a promise by one party to pay a debt or perform an obligation if the other party fails to do so. An indemnity, on the other hand, is a commitment by one party to compensate the other for any loss or damage suffered as a result of some event or action.

If you’re not sure whether guarantee and indemnity is the right solution for you, speak to a commercial lawyer. They can help you understand the options available and decide which one is best for your needs.