The present invention generally relates to improvements in chainsaws. In particular, the present invention relates to mechanisms for preventing the chain of a chainsaw from falling off the guide bar of the chain saw. According to one embodiment, a magnetic chainsaw chain retention mechanism comprising a magnetic guide bar is provided. The mechanism maintains the chain of a chainsaw on the chainsaw guide bar during use of the chainsaw. As heat expands the overall length of the chain while the chainsaw is running, a magnetic force attracts the chain to the guide bar thus preventing it from falling off. In another embodiment, a magnetic chain is provided, such that the chain remains attracted to the guide bar, wherein, a magnetic force attracts the chain to the guide bar if and when it expands thus preventing it from falling off the guide bar.