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Performance guarantee Template for Germany

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Key Requirements PROMPT example:

Performance guarantee

I need a performance guarantee document that ensures the contractor will fulfill their obligations under the contract, with a guarantee amount of 10% of the contract value. The guarantee should be valid for the duration of the project plus an additional 6 months, and it must be issued by a reputable bank or financial institution.

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Financial Performance Guarantee

A German law-governed guarantee instrument where a guarantor secures the performance obligations of a principal debtor to a beneficiary.

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Payment And Performance Guarantee

A German law-governed guarantee securing both payment and performance obligations of a principal debtor, typically issued by a bank as an independent obligation.

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Corporate Performance Guarantee

A German law-governed guarantee instrument where a corporate entity guarantees the performance obligations of another entity, providing security under the German Civil and Commercial Codes.

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Performance Guarantee Bond

A German law-governed financial guarantee issued by a bank to secure a party's performance obligations, typically used in commercial and construction contexts.

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