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1. Parties: Identification of the guarantor and beneficiary, including full legal names, addresses, and registration details if applicable
2. Background: Context of the agreement, explaining the underlying commission arrangement and the purpose of the guarantee
3. Definitions: Key terms used throughout the agreement, including 'Commission', 'Guaranteed Amount', 'Commission Period', and 'Underlying Agreement'
4. Guarantee: Core terms of the guarantee, including the specific commission amount or percentage being guaranteed
5. Duration: Term of the guarantee, including commencement date and expiry conditions
6. Payment Terms: Conditions and timing for guarantee payments, including calculation methods and payment procedures
7. Conditions Precedent: Prerequisites that must be met before the guarantee becomes effective
8. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority to enter into the agreement
9. Events of Default: Circumstances that trigger a guarantee payment or termination
10. Termination: Conditions and procedures for ending the agreement
11. Notices: Communication procedures between parties
12. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction for disputes
1. Security: Include when additional security or collateral is required to support the guarantee
2. Step-In Rights: Include when the guarantor has the right to take over the underlying commission-generating activities
3. Commission Adjustment Mechanism: Include when the guaranteed commission amount can be adjusted based on specific criteria
4. Performance Standards: Include when the guarantee is conditional on meeting certain performance metrics
5. Anti-Money Laundering Provisions: Include for agreements in regulated industries or financial sector
6. Force Majeure: Include when protection against unforeseen circumstances is required
7. Assignment and Transfer: Include when rights under the guarantee may need to be transferred
1. Schedule 1 - Calculation of Guaranteed Commission: Detailed methodology for calculating the guaranteed commission amount
2. Schedule 2 - Form of Demand: Template for making a claim under the guarantee
3. Schedule 3 - Underlying Commission Agreement: Copy or key terms of the agreement being guaranteed
4. Schedule 4 - Payment Schedule: Timeline of guarantee payments if applicable
5. Appendix A - Required Documents: List of documents required for making a claim
6. Appendix B - Contact Details: Detailed contact information for all parties and authorized representatives
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