The Surety Bond Bank Guarantee is a crucial financial instrument used in Hong Kong and international commerce to provide security for contractual obligations. It is commonly required in large commercial transactions, construction projects, international trade, and government tenders where one party seeks financial security for the performance of another party's obligations. The document creates a primary obligation on the bank to pay upon demand, distinct from the underlying contract. This type of guarantee, governed by Hong Kong law, must comply with the Hong Kong Banking Ordinance and related regulations. It typically includes specific provisions for demand procedures, payment terms, expiry conditions, and enforcement mechanisms. The guarantee can be structured to accommodate various commercial arrangements, including cross-border transactions, and may be subject to international banking practices and standards.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies all parties to the guarantee: the Bank (Guarantor), the Principal (party requesting the guarantee), and the Beneficiary
2. Background: Sets out the context of the underlying transaction and why the guarantee is required
3. Definitions: Defines key terms used throughout the guarantee
4. Guarantee Amount and Scope: Specifies the maximum guaranteed amount and nature of the guaranteed obligations
5. Term of Guarantee: States the effective date and expiry date of the guarantee
6. Demand Requirements: Details the process and requirements for making a demand under the guarantee
7. Payment Terms: Specifies how and when payment will be made following a valid demand
8. Bank's Rights and Obligations: Outlines the specific rights, obligations, and limitations of the guarantor bank
9. Representations and Warranties: Contains standard banking and corporate representations and warranties
10. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and relevant jurisdiction for disputes
11. Notices: Details how formal notifications between parties should be made
12. Assignment and Transfer: Restrictions on assignment and transfer of rights under the guarantee
1. Counter-Indemnity: Required when the principal provides indemnity to the bank; typically in a separate document
2. Multiple Beneficiaries: Include when there is more than one beneficiary to specify their rights and relationships
3. Stamp Duty Declaration: Required if the guarantee is subject to stamp duty requirements
4. Foreign Law Compliance: Include when the guarantee might be enforced in other jurisdictions
5. Electronic Execution: Include when the guarantee may be executed or managed electronically
6. Language: Required when the guarantee is bilingual or needs to specify prevailing language
7. Currency Provisions: Include when the guarantee involves foreign currency or exchange rate considerations
1. Form of Demand: Template for making a valid demand under the guarantee
2. Underlying Contract Details: Summary or extract of the principal contract being guaranteed
3. Authorized Signatories: List of persons authorized to make demands or give notices
4. Fee Schedule: Details of bank fees and charges related to the guarantee
5. Contact Details: Complete contact information for all parties
6. Required Documents: List of documents required for making a valid demand
7. Amendment Form: Standard form for recording any amendments to the guarantee
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Construction and Infrastructure
International Trade
Manufacturing
Real Estate Development
Energy and Utilities
Telecommunications
Maritime and Shipping
Government and Public Sector
Mining and Resources
Relevant Teams
Legal
Finance
Treasury
Risk Management
Compliance
Commercial
Project Management
Procurement
Trade Finance
Credit
Corporate Secretarial
Relevant Roles
Chief Financial Officer
Treasury Manager
Financial Controller
Project Finance Manager
Legal Counsel
Contract Manager
Risk Manager
Compliance Officer
Commercial Director
Project Director
Banking Relationship Manager
Trade Finance Manager
Credit Risk Officer
Company Secretary
Procurement Manager
Find the exact document you need
Social Media Influencer Contract
A Hong Kong law-governed agreement between brands and social media influencers defining terms for content creation, promotion, and compensation.
Download
Statutory Declaration Form Partner Visa
A legally binding declaration form used in Hong Kong for partner visa applications, requiring sworn statements about relationship status and supporting evidence under Hong Kong law.
Download
Subject Meeting Minutes
Official record of corporate meeting proceedings and decisions, compliant with Hong Kong Companies Ordinance requirements.
Download
Simple NDA Form
A Hong Kong-governed NDA template for protecting confidential information in business relationships, compliant with Hong Kong law and common law principles.
Download
Repairs And Maintenance Contract
A Hong Kong law-governed agreement setting out terms and conditions for property repair and maintenance services, including service specifications and regulatory compliance requirements.
Download
Property Maintenance Contract
A Hong Kong law-governed agreement establishing terms and conditions for property maintenance services, including service standards, compliance requirements, and responsibilities.
Download
Providing Notice To Landlord
A formal notice from tenant to landlord under Hong Kong law, used for official communications regarding tenancy matters.
Download
Private Car Purchase Agreement
A Hong Kong law-governed agreement for the sale and purchase of a private vehicle, detailing terms of sale and ownership transfer.
Download
Partnership Agreement Between Company And Individual
A Hong Kong law-governed agreement establishing a partnership between a company and an individual, setting out terms for collaboration, responsibilities, and profit sharing.
Download
Non Responsibility Waiver
A Hong Kong law-governed document that releases liability for specified risks and activities, compliant with local ordinances and regulations.
Download
New Employee Details Form
A standardized form for collecting new employee information in Hong Kong, ensuring compliance with local employment and data privacy laws.
Download
Limited Letter Of Administration
A Hong Kong High Court document granting restricted authority to administer specific aspects of a deceased person's estate under Hong Kong law.
Download
IT Service Desk SLA
A Hong Kong law-governed Service Level Agreement establishing performance metrics and terms for IT Service Desk support services.
Download
Lease Termination Request Letter
A formal letter compliant with Hong Kong law requesting the termination of a lease agreement between tenant and landlord, including termination date and handover arrangements.
Download
Home Construction Contract Agreement
A Hong Kong-governed agreement between homeowner and contractor for residential construction works, outlining construction terms, payments, and compliance requirements.
Download
Fund Transfer Request Letter
A formal banking document used in Hong Kong to authorize and initiate fund transfers between accounts, complying with HKMA regulations and local banking requirements.
Download
Ending Tenancy Letter
A formal notice document used in Hong Kong to terminate a tenancy agreement, complying with local property law requirements.
Download
Employment Contract For Real Estate Agent
Hong Kong-compliant employment contract for real estate agents, covering licensing, commissions, and professional obligations under local law.
Download
Copyright Agreement Form
A Hong Kong law-governed agreement that facilitates the transfer or licensing of copyright ownership, ensuring legal protection under the Hong Kong Copyright Ordinance.
Download
Contract For Subcontractors In (Construction)
A Hong Kong law-governed agreement between main contractor and subcontractor defining construction works, payments, and compliance requirements.
Download
Conditional Sales Agreement
A Hong Kong law-governed agreement for sales where title transfer is conditional upon specific requirements such as full payment or other conditions.
Download
Buyer Contract With Real Estate Agent
A Hong Kong law-governed agreement between a property buyer and real estate agent establishing terms for property search and acquisition services.
Download
Builders Invoice
A Hong Kong-compliant financial document used by builders to request payment for completed construction works, incorporating local regulatory requirements and detailed cost breakdowns.
Download
Commitment Letter From Lender
A Hong Kong law-governed formal letter from a lender confirming their commitment to provide financing under specified terms and conditions.
Download
Cohabiting Agreement
A Hong Kong law-governed agreement establishing rights and obligations between unmarried cohabiting partners, covering property, financial, and living arrangements.
Download
Consignment Agreement For (Retail)
A Hong Kong law-governed agreement establishing terms for retail consignment arrangements, including commission structures, goods handling, and payment terms.
Download
Company Consent Letter
A formal document under Hong Kong law providing official company approval or permission for specific corporate actions, executed by authorized signatories.
Download
Basic Domestic Worker Contract
A standardized employment contract under Hong Kong law for domestic workers, outlining terms of employment, duties, and statutory rights and obligations.
Download
Subaward Agreement
A Hong Kong law-governed agreement for transferring portions of grant funding from a primary recipient to another organization for specific research or project activities.
Download
Estate Agent Memorandum Of Sale
A Hong Kong-compliant memorandum documenting property sale terms and conditions between parties, facilitated by licensed estate agents under local regulations.
Download
Master Professional Services Agreement
A Hong Kong law-governed master agreement establishing terms for ongoing professional services delivery through multiple statements of work.
Download
Service Agreement Payment Terms
A Hong Kong law-governed document establishing payment terms and conditions for service agreements, including payment schedules, methods, and dispute resolution procedures.
Download
Joint Custody Contract
A Hong Kong law-governed agreement establishing joint custody arrangements between parents/guardians, detailing shared responsibilities and decision-making processes for child care.
Download
Hazard Risk Assessment
A regulatory-compliant workplace hazard assessment document under Hong Kong law that identifies, evaluates, and provides control measures for workplace safety risks.
Download
Fixed Term Lease Notice
A formal notice document used in Hong Kong to communicate the termination or expiration of a fixed-term lease agreement, compliant with Hong Kong property law.
Download
Gross Misconduct Warning Letter
A formal warning letter under Hong Kong employment law addressing serious workplace misconduct that could warrant dismissal.
Download
Binder Agreement (Insurance)
A Hong Kong law-governed agreement delegating authority from an insurer to a coverholder to underwrite insurance contracts on the insurer's behalf.
Download
Vendor Service Level Agreement
A Hong Kong law-governed agreement defining service standards and performance metrics between a service provider and customer, with specific measurable targets and remedies.
Download
Latex Risk Assessment
A Hong Kong-compliant risk assessment document for evaluating and managing latex-related workplace hazards under Cap. 509 regulations.
Download
Exclusive Licence
A Hong Kong law-governed agreement granting exclusive rights to use and exploit intellectual property within specified parameters.
Download
ұԾ’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; ұԾ’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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)