Additional Warranty Declarations - Movable Property

Additional Security Declarations by a Third or Involved Party

An additional warranty declaration is a written commitment whereby a party provides extra security regarding the fulfillment of an obligation, without necessarily being the primary debtor.

It serves as a reinforcing instrument within contractual security structures.

Scope of application

Applied in cases such as:

  • Financing contracts.
  • Supply relationships.
  • International transactions.
  • Project developments.
  • Group structures.
  • High-risk commercial agreements.

The purpose is to reduce risks through additional contractual security.

Assessment aspects

The declaration typically includes:

  • Scope of the warranty.
  • Warranty amount or maximum liability.
  • Duration and validity.
  • Conditions for invocation.
  • Exclusions and limitations.
  • Recourse options.

The text is tailored to the underlying transaction.

Analysis result

After implementation, you will receive:

  • Written record of additional security.
  • Clear allocation of liability.
  • Strengthened creditworthiness of the transaction.
  • Improved risk management.

This forms an integrated layer of protection within the contractual framework, enhancing legal certainty and enforceability of obligations.

Structuring proposal

Do you want to legally structure additional warranty declarations?

Each request is legally analyzed in advance to ensure the structure is implemented correctly.