Study Abroad Guarantee Agreement Template
In the process of pursuing education abroad, a crucial document often required is the Study Abroad Guarantee Agreement. This agreement serves as a legal contract between the student, the guardian or sponsor, and the educational institution or program. Below is a template for such an agreement in English:
Study Abroad Guarantee Agreement
This Study Abroad Guarantee Agreement ("Agreement") is entered into on [Date], between:
[Student's Name]
("Student"), residing at [Student's Address],[Guardian's Name]
("Guardian"), residing at [Guardian's Address],and
[Educational Institution's Name]
("Institution"), located at [Institution's Address].Whereas:
1. The Student desires to pursue studies at the Institution, located in [Country/City], for the [Academic Program] starting from [Start Date] to [End Date].
2. The Guardian is willing to provide financial support to the Student for the duration of their studies at the Institution.
Now, therefore, in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:
1.
Financial Support:
The Guardian agrees to provide financial support to the Student for all tuition fees, living expenses, travel expenses, and any other related costs incurred during the Student's study period at the Institution.
The estimated total cost for the entire duration of the academic program is [Amount in Currency], to be paid in installments as specified by the Institution.
2.
Duration of Support:
The financial support provided by the Guardian shall commence from [Start Date] and continue until the completion of the Student's academic program or until [End Date], whichever is earlier.
3.
Obligations of the Student:
The Student shall diligently pursue their studies at the Institution and maintain satisfactory academic progress as defined by the Institution.
The Student shall abide by all rules, regulations, and codes of conduct set forth by the Institution.
4.
Obligations of the Guardian:
The Guardian shall ensure timely payment of all financial obligations as outlined in this Agreement.
The Guardian shall provide necessary support and guidance to the Student throughout their academic journey.
5.
Termination:
This Agreement may be terminated by mutual written consent of all parties or by either party upon written notice to the other party in the event of a material breach of the terms herein.
6.
Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction], without regard to its conflicts of laws principles.
7.
Entire Agreement:
This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written.
IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the date first above written.[Student's Name]
Signature: ___________________________
[Guardian's Name]
Signature: ___________________________
[Educational Institution's Name]
Signature: ___________________________
This template serves as a starting point for drafting a Study Abroad Guarantee Agreement. It's essential to review and customize the agreement according to the specific requirements of the educational institution and the preferences of the parties involved. Additionally, seeking legal advice is advisable to ensure compliance with relevant laws and regulations.