The guarantor is a party who undertakes to settle the debts of a debtor in the event of default. The surety may, depending on the nature of the contract, deposit a physical asset (such as land, construction vehicle, etc.) as collateral, sold and used to repay the debt if the guarantor cannot pay all the debts it guarantees. The debtor may grant extensions, extensions or modifications of the obligation or indebtedness; to surrender or release all security rights or security rights; to release any co-bail; without prejudice to the obligations of the guarantors contained therein. A guarantee contract is a contract by which a guarantor undertakes to repay the debts of another person if the person is unable to pay his debts. In other words, the guarantor assumes responsibility for the debtor`s debt if the debtor does not pay. If one of the parties is a different organization than a company, an officer of the organization must sign the document and ensure that a witness confirms the document by writing his name, address, occupation and signature in the line directly below the signature of the officer in the document. all obligations of __________,regardless of their height, whatever the nature or manner in which they appeared. THIS IS AN UNLIMITED PERMANENT WARRANTY. Other names of the document: warranty contract, warranty contract, third-party warranty contract, warranty form, form of warranty contract. . .