¶¶Òõ¶ÌÊÓƵ

All Countries
Banking
Performance Guarantee Agreement

Performance Guarantee Agreement Template for Switzerland

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Performance Guarantee Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Performance Guarantee Agreement

"I need a Performance Guarantee Agreement under Swiss law for a construction project where UBS Bank will guarantee completion of a commercial building project in Zurich by March 2025, with a guarantee amount of 5 million CHF."

Celebrated by
Collaborations with
Investors
Document background
The Performance Guarantee Agreement serves as a risk mitigation tool in commercial transactions under Swiss law, providing security to beneficiaries against potential non-performance or default by their contractual counterparties. These guarantees are commonly used in construction projects, supply contracts, and international trade transactions, where the guarantor (usually a bank) provides an independent commitment to pay upon demand if specified conditions are met. The document must comply with Swiss legal requirements, particularly the strict form requirements under the Swiss Code of Obligations. It includes detailed provisions on the guarantee amount, validity period, demand procedures, and payment terms. Performance Guarantee Agreements are particularly valuable in cross-border transactions where Swiss law's reputation for stability and predictability provides additional comfort to the parties involved.
Suggested Sections

1. Parties: Identification of the Guarantor, Principal (the party whose performance is guaranteed), and Beneficiary

2. Background: Context of the underlying obligation and purpose of the guarantee

3. Definitions: Key terms used throughout the agreement, including 'Guaranteed Obligations', 'Guarantee Amount', and 'Expiry Date'

4. Guarantee: Core guarantee provisions, including the scope and nature of the guarantee obligation

5. Maximum Liability: Specification of the maximum amount guaranteed and any limitations

6. Demand Requirements: Formal requirements for making a valid demand under the guarantee

7. Payment Terms: Timing and method of payment upon receipt of a valid demand

8. Duration and Expiry: Term of the guarantee and conditions for expiry

9. Representations and Warranties: Standard declarations by the guarantor regarding capacity and authority

10. Assignment and Transfer: Restrictions on transfer of rights under the guarantee

11. Notices: Communication procedures between parties

12. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes

Optional Sections

1. Counter-Indemnity: Terms for Principal's obligation to indemnify the Guarantor, used when the Principal is a party to the agreement

2. Step-In Rights: Guarantor's rights to take over Principal's obligations, included for complex performance obligations

3. Multiple Guarantors: Provisions for joint and several liability, used when there is more than one guarantor

4. Currency Provisions: Required for cross-border transactions involving multiple currencies

5. Bank-Specific Provisions: Additional terms required when the guarantor is a banking institution

6. Reduction Mechanisms: Provisions for reducing the guarantee amount over time, used in long-term projects

7. Force Majeure: Provisions dealing with extraordinary events, included for long-term or complex guarantees

Suggested Schedules

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

2. Underlying Contract: Copy or summary of the contract whose performance is being guaranteed

3. Corporate Authorizations: Evidence of authority to enter into the guarantee

4. Performance Criteria: Detailed description of the performance standards that trigger the guarantee

5. Payment Instructions: Banking and account details for guarantee payments

6. Contact Details: List of authorized representatives and contact information for all parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




























Clauses




























Relevant Industries

Banking and Financial Services

Construction and Infrastructure

Manufacturing

Energy and Utilities

International Trade

Real Estate Development

Technology and Software

Engineering Services

Project Development

Telecommunications

Relevant Teams

Legal

Finance

Treasury

Risk Management

Procurement

Commercial

Compliance

Project Management

Trade Finance

Business Development

Relevant Roles

Legal Counsel

Contract Manager

Project Manager

Risk Manager

Treasury Manager

Chief Financial Officer

Commercial Director

Procurement Manager

Business Development Manager

Compliance Officer

Banking Relationship Manager

Senior Corporate Lawyer

Trade Finance Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Guarantor Promissory Note

A Swiss law-governed financial instrument combining a promissory note with a guarantee commitment, providing secured payment obligations under the Swiss Code of Obligations.

find out more

Parent Guarantee Agreement

A Swiss law-governed agreement where a parent company guarantees its subsidiary's obligations to a third party, subject to Swiss Code of Obligations requirements.

find out more

Guaranty Of Lease Agreement

A Swiss law-governed agreement where a guarantor secures a tenant's lease obligations, subject to Swiss Code of Obligations requirements and including mandatory guarantor protections.

find out more

Rental Guarantee Form

A Swiss-law governed document establishing a security deposit arrangement between tenant, landlord, and financial institution, typically covering up to three months' rent.

find out more

Performance Guarantee Agreement

A Swiss law-governed agreement where a guarantor commits to compensate a beneficiary if a principal fails to meet specified performance obligations.

find out more

Personal Guarantee Rental Agreement

A Swiss law agreement where a guarantor secures a tenant's rental obligations, subject to Swiss Code of Obligations requirements.

find out more

Personal Guarantee Form

A Swiss law-governed guarantee agreement where a guarantor assumes responsibility for another party's obligations, requiring notarization for personal guarantees over CHF 2,000.

find out more

Guaranty Agreement

A Swiss law agreement where a Guarantor secures the obligations of a Principal Debtor to a Beneficiary, governed by the Swiss Code of Obligations.

find out more

Guarantee Rental Agreement

A Swiss law-governed agreement establishing rental guarantee terms between guarantor, landlord, and tenant, typically securing up to three months' rent.

find out more

Guarantee And Collateral Agreement

Swiss law-governed agreement establishing guarantee obligations and security interests over collateral to secure specified obligations.

find out more

Corporate Guarantee Agreement

A Swiss law agreement where a corporate entity guarantees the obligations of another party, subject to Swiss Code of Obligations requirements.

find out more

Authorised Guarantee Agreement

A Swiss law agreement where a guarantor secures the obligations of a principal debtor to a creditor, subject to Swiss Code of Obligations requirements.

find out more

Guarantor Tenancy Agreement

A Swiss law-governed agreement where a guarantor assumes financial responsibility for a tenant's obligations under a lease, subject to Swiss Code of Obligations requirements.

find out more

Rent Guarantee Agreement

A Swiss law-governed agreement where a guarantor (usually a bank) provides security to a landlord for a tenant's rental obligations, typically covering three months' rent.

find out more

Personal Guarantee Promissory Note

A Swiss law-governed financial instrument combining a promissory note with a personal guarantee, providing secured payment obligations under the Swiss Code of Obligations.

find out more

Guarantor Lease Agreement

A Swiss law agreement where a guarantor assumes responsibility for a tenant's lease obligations, subject to Swiss legal requirements and protections.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.