Contract of oath

A contract of oath is a legal agreement between two parties in which one party agrees to act as a guarantor for the other party. Here is a sample contract of oath:

CONTRACT OF OATH

This Contract of Oath (“Agreement”) is made and entered into on [Date] by and between [Guarantor Name], residing at [Address], hereinafter referred to as the “Guarantor,” and [Borrower Name], residing at [Address], hereinafter referred to as the “Borrower.”

WHEREAS, the Borrower requires a guarantor to provide assurance to a third party that the Borrower will meet certain obligations;

NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein, the parties agree as follows:

1. Guarantor’s Obligations. The Guarantor shall, upon demand of the Borrower or any third party, execute and deliver any documents and instruments, and take any other actions as may be reasonably required, to ensure the Borrower’s compliance with any obligation arising from any agreement, contract, or other arrangement between the Borrower and any third party.
2. Indemnification. The Borrower shall indemnify and hold the Guarantor harmless from any loss, damage, cost, expense, or liability incurred by the Guarantor as a result of any claim, demand, action, or proceeding brought by any third party arising from any agreement, contract, or other arrangement between the Borrower and such third party.
3. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of [State], without regard to conflicts of law principles.
4. Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior and contemporaneous agreements, representations, and understandings, whether oral or written, relating to its subject matter.
5. Assignment. The Borrower may not assign this Agreement without the prior written consent of the Guarantor.
6. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
7. Amendment. This Agreement may be amended or modified only by a written instrument executed by both parties.
8. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, legal representatives, successors, and assigns.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

[Guarantor Name]

[Borrower Name]