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1. Parties: Identifies the guarantor, lender (beneficiary), and the primary debtor, including their full legal names and addresses
2. Background: Sets out the context of the guarantee, referring to the primary loan agreement and the purpose of the guarantee
3. Definitions: Defines key terms used throughout the agreement, including 'Guaranteed Obligations', 'Event of Default', and 'Security'
4. Guarantee and Indemnity: Core section detailing the scope of the guarantee, the guarantor's obligations, and indemnification provisions
5. Nature of Guarantee: Specifies whether the guarantee is continuing, unconditional, irrevocable, and/or joint and several
6. Guarantor's Representations and Warranties: Statements confirming the guarantor's capacity, authority, and financial status
7. Payment Mechanics: Details how and when payments should be made by the guarantor upon demand
8. Enforcement and Remedies: Outlines the lender's rights and remedies in case of default
9. Duration and Release: Specifies the term of the guarantee and conditions for release
10. Notices: Sets out how formal communications between parties should be made
11. Governing Law and Jurisdiction: Confirms UAE law as governing law and specifies jurisdiction for disputes
1. Islamic Finance Compliance: Required when the guarantee needs to be Sharia-compliant, including relevant principles and structure
2. Multiple Guarantors: Include when there are multiple guarantors, detailing joint and several liability
3. Security: Required when the guarantee is secured by specific assets or collateral
4. Assignment and Transfer: Include when the rights under the guarantee may need to be assigned or transferred
5. Currency Provisions: Required for cross-border transactions involving multiple currencies
6. Tax Provisions: Include when tax implications need to be addressed, particularly for cross-border guarantees
7. Financial Covenants: Include when specific financial conditions need to be maintained by the guarantor
1. Primary Loan Agreement Details: Summary of the main loan agreement terms being guaranteed
2. Guarantor's Assets Declaration: List of guarantor's assets and financial status declaration
3. Demand Form: Template form for making demands under the guarantee
4. Compliance Certificate: Template for periodic confirmation of compliance with guarantee terms
5. Security Details: Details of any security or collateral provided (if applicable)
6. Payment Schedule: Schedule of any fixed payments or obligations under the guarantee
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