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The Personal Guarantor Agreement Form is a crucial document in Philippine business and financial transactions, commonly used when a creditor requires additional security for extending credit or loans. This agreement, regulated under the Civil Code of the Philippines and various banking laws, provides creditors with recourse to a third party (guarantor) who agrees to fulfill the principal debtor's obligations in case of default. It's particularly relevant in situations where the principal debtor's creditworthiness alone is insufficient to secure financing, such as in business loans, property leases, or commercial contracts. The document typically includes detailed provisions about the scope of the guarantee, the guarantor's obligations, enforcement procedures, and the specific circumstances under which the guarantee can be called upon, all structured to comply with Philippine legal requirements and banking regulations.

1. Parties: Identifies and provides full details of the Guarantor, Creditor, and Principal Debtor

2. Background: Explains the context of the guarantee, including details of the principal debt or obligation being guaranteed

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Guarantee and Indemnity: Core section detailing the scope and nature of the guarantee, including the maximum liability amount

5. Duration of Guarantee: Specifies when the guarantee becomes effective and when it terminates

6. Nature of Liability: Establishes whether the guarantee is continuing, irrevocable, and/or joint and several

7. Guarantor's Representations and Warranties: Statements by the Guarantor about their capacity and authority to enter into the agreement

8. Creditor's Rights and Remedies: Details the actions the Creditor can take to enforce the guarantee

9. Payment Terms: Specifies how and when payments must be made under the guarantee

10. Notices: Sets out how formal communications between parties should be made

11. Governing Law and Jurisdiction: Confirms Philippine law governs the agreement and specifies jurisdiction for disputes

12. Execution: Signature blocks and execution formalities