Parent company guarantee—contractor friendly

Copyright © 2025 LexisNexis
Produced in partnership with Peter Jansen of Sharpe Pritchard
Precedents

Parent company guarantee—contractor friendly

Copyright © 2025 LexisNexis

Produced in partnership with Peter Jansen of Sharpe Pritchard

Precedents
imgtext

This Guarantee is made the [insert date] day of [insert month] 20[insert year]

Parties

  1. 1

    [insert name of Guarantor] (Company No. [insert company number]) [of OR whose Registered office is at] [insert address] (the ‘Guarantor’ which expression shall include its successors in title and permitted assigns); and

  1. 2

    [insert name of Employer] (Company No. [insert company number]) [of OR whose registered office is at] [insert address] (the ‘Employer’ which expression shall include its successors in title and permitted assigns).

Background

    1. (A)

      By an agreement in writing (the ‘Contract’) dated [insert date] made between (1) the Employer and (2) [insert name of Contractor] Company (No. [insert company number]) (the ‘Contractor’) the Contractor has agreed to [design

Peter Jansen
Peter Jansen

Legal Director, Sharpe Pritchard

Peter is a highly experienced construction lawyer and has advised clients on projects and dispute resolution both in the UK and internationally.
His advisory work has included assisting governments and government entities, local authorities, lenders, consortia and concession companies, developers, engineers and contractors.
Peter has extensive knowledge of the principal sectors engaged with the construction industry and a close understanding of the forms of contracts (and related legal materials) it uses, their structure and how they function in allocating risk.
His approach is commercial and collaborative, identifying and agreeing objectives for achieving the best and most cost effective solutions for the client. In both contentious and transactional work, this is most often obtained by taking firm, well supported but pragmatic positions.
Peter has lectured in construction law at the University of Hong Kong, is a speaker at numerous conferences and seminars and is a trainer for MBL.

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Jurisdiction(s):
United Kingdom
Key definition:
Parent company guarantee definition
What does Parent company guarantee mean?

A promise by another company, usually the holding company, to take responsibility for any shortfall in the pension fund if the sponsor employer fails.

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