Bank Guarantee Contract Template for United Arab Emirates

1. Counter-Indemnity: Terms of counter-indemnity from the Principal to the Bank, used when specifically required by the bank's internal policies

2. Assignment Provisions: Terms governing if and how the guarantee can be assigned, included when assignment might be contemplated

3. Multiple Beneficiaries: Additional provisions for cases involving more than one beneficiary

4. Partial Demands: Provisions allowing for multiple partial demands up to the guarantee amount, included when partial claims are permitted

5. Language Provisions: Required when the guarantee is issued in multiple languages, specifying which version prevails

6. Force Majeure: Provisions dealing with extraordinary events affecting the guarantee, included for longer-term or high-value guarantees

7. Electronic Presentation: Terms for electronic submission of demands, included when electronic presentations are permitted

1. Form of Demand: Template for making a valid demand under the guarantee

2. Underlying Contract Details: Key details of the contract or obligation being guaranteed

3. Authentication Procedures: Specified procedures for verifying authenticity of demands and communications

4. Contact Details: List of authorized contacts and notification addresses for all parties

5. Fee Schedule: Details of bank fees and charges related to the guarantee

6. Supporting Documents: List and copies of required supporting documents referenced in the guarantee