A surety agreement is a legal tool that provides the creditor with additional guarantees of the debtor’s obligations. However, circumstances may change, and the surety may no longer be valid. Recognizing a surety agreement as terminated may be necessary in cases where the terms of the main obligation change, the debtor fulfills their obligation, or other grounds for termination arise. But how can this be done correctly and legally?
The Ukrainian Legal and Real Estate Association “AROU” offers comprehensive legal services to clients seeking to terminate a surety agreement. In this article, we explain how our lawyers can assist and what benefits professional support brings.
When Might a Surety Agreement Be Terminated?
There are several reasons a surety agreement can be declared terminated:
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Fulfillment of the main obligation. If the debtor repays the loan in full.
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Change of terms of the main obligation. If the creditor and debtor amend the contract without the surety’s consent.
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Expiration of the agreement. Some surety agreements have fixed terms that, once expired, render the surety void.
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Other grounds defined by law. For example, bankruptcy of the debtor or death of the surety.
Each situation requires proper legal analysis and, often, presentation of evidence in court. Legal assistance ensures your interests are protected.
What Services Does AROU Provide?
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Case analysis and legal grounds review
We assess the agreement, obligations, and case circumstances.
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Development of a defense strategy
We build a personalized strategy that covers legal and factual arguments.
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Preparation of a legal claim
A properly structured and argued claim increases the chance of a favorable court decision.
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Legal representation in court
AROU lawyers will represent you throughout the proceedings.
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Enforcement monitoring
If the court rules in your favor, we assist with enforcement through the appropriate channels.
If you need to have a surety agreement declared terminated, contact “AROU” for full legal support at every stage.