Bank Guarantee Sample
A bank guarantee, also known as a letter of guarantee, is a type of financial instrument issued by a bank on behalf of a customer, which ensures that the customer's liabilities to a third party will be fulfilled. Here is an example of a bank guarantee in English:
[Bank Logo]
[Bank Name] [Bank Address] [City, State, Zip Code] [Country] [Date]
To: [Beneficiary Name] [Beneficiary Address] [City, State, Zip Code] [Country]
Subject: Bank Guarantee
Dear Sir/Madam,
We hereby confirm and undertake on behalf of our client, [Client Name], that we will irrevocably and unconditionally guarantee the payment of [Amount] USD (United States Dollars) to you, [Beneficiary Name], against any valid claims presented under the terms and conditions of the underlying agreement between [Client Name] and [Beneficiary Name].
This bank guarantee shall remain valid until [Expiry Date] and will automatically expire upon receipt of your written notice of release or satisfaction.
Please note that this bank guarantee is subject to the following terms and conditions:
1. The guarantee amount shall be payable upon presentation of a duly signed claim within the validity period specified above.
2. Any claim made under this guarantee must be accompanied by necessary supporting documents, which shall be deemed valid if certified by an authorized representative of [Beneficiary Name].
3. This guarantee shall not be affected or terminated by any change in the relationship between [Client Name] and [Beneficiary Name], such as assignment, merger, or acquisition.
4. Our liability arising from this guarantee shall not exceed the guaranteed amount mentioned above.
Should you require any further information or clarification, please do not hesitate to contact us at the undersigned.
Yours faithfully,
[Bank Official's Name] [Title] [Contact Information]
Note: This is a sample bank guarantee provided for reference purposes only. It should be customized and reviewed by legal professionals to suit specific requirements and jurisdiction.
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