After the repayment of the guarantee contract, it means that the liability relationship of the guarantee contract has been terminated, and it is necessary to sign an agreement to relieve the guarantee liability at this time. After both parties sign and confirm, it proves that the previous guarantee agreement has been terminated, and both parties have no guarantee responsibility.
Guarantee contract refers to the agreement reached between creditors and debtors to urge debtors to perform their debts. When the debtor fails to perform or cannot perform the debt, the realization of the creditor's right is guaranteed in a certain way.