Document background
A Non Financial Guarantee is commonly used in Singapore business transactions where parties need assurance of performance obligations beyond monetary commitments. This document is particularly relevant when companies or individuals require security for performance of contracts, delivery of goods, or completion of services. The guarantee must comply with Singapore's Contract Act and Civil Law Act requirements, including being in writing and clearly defining the scope of guaranteed obligations. It's frequently used in construction, trade, and commercial contracts where performance reliability is crucial.
