Bank Guarantee Irrevocable Template for United Arab Emirates

1. Reduction Clause: Optional clause specifying if and how the guarantee amount can be reduced over time - used for performance guarantees or long-term projects

2. Assignment Provisions: Clause regarding whether the guarantee can be assigned - included when assignment might be relevant to the underlying transaction

3. Language Provision: Clause specifying which language version prevails - included when the guarantee is issued in multiple languages

4. Force Majeure: Provisions for extraordinary events - included for longer-term guarantees or in specific high-risk situations

5. Counter-Guarantee Reference: Reference to any counter-guarantee arrangements - included when the guarantee is issued based on a counter-guarantee from another bank

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

2. Authentication Documents: Copies of authorized signatures and any specific authentication requirements

3. Underlying Contract Summary: Brief summary of the main contract being guaranteed (if applicable)

4. Communication Details: Specific contact details and procedures for all parties