Good Performance Guarantee Template for India

1. Multiple Guarantors: Required when more than one guarantor is involved, detailing joint and several liability

2. Step-in Rights: Optional clause allowing beneficiary to step in and rectify performance issues

3. Assignment Provisions: Include when assignment of guarantee rights may be needed

4. Counter Guarantee: Required when there's a counter-guarantee arrangement between banks

5. Currency Exchange Provisions: Include for international contracts with multiple currencies

6. Force Majeure: Optional clause defining circumstances beyond control that affect guarantee obligations

1. Schedule 1 - Main Contract Details: Details of the underlying contract being guaranteed, including key dates and milestones

2. Schedule 2 - Performance Standards: Specific performance criteria and standards that trigger guarantee obligations

3. Schedule 3 - Claim Documentation: List of required documents and formats for making a valid claim

4. Schedule 4 - Form of Demand: Template for making a formal demand under the guarantee

5. Appendix A - Bank Details: Banking information for all parties involved in the guarantee

6. Appendix B - Authority Documents: Copies of authority documents proving signatories' powers to execute the guarantee