Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Performance Letter Of Guarantee
"Need a Performance Letter of Guarantee for a Singapore construction project worth SGD 5 million, where our company is the contractor and ABC Development Pte Ltd is the beneficiary, with the guarantee period running from March 1, 2025, to December 31, 2025."
1. Bank Details: Full identification and contact details of the issuing bank, including registration number and registered address
2. Beneficiary Details: Complete identification of the party receiving the guarantee, including address and registration details
3. Principal Details: Complete identification of the party for whom the guarantee is being issued
4. Guarantee Amount: Explicit statement of the maximum guaranteed sum and currency
5. Contract Reference: Details of the underlying contract or obligation being guaranteed, including contract date and reference number
6. Validity Period: Clear specification of the guarantee's effective date and expiry date
7. Demand Requirements: Specific conditions and procedures for making a claim under the guarantee
1. Partial Claims Provision: Terms allowing for multiple partial claims up to the maximum guarantee amount, typically included for phased projects
2. Assignment Clause: Provisions governing the transfer of rights under the guarantee, included when assignment might be necessary
3. Counter-Guarantee Reference: Reference to any counter-guarantees, particularly relevant in international transactions
4. Force Majeure: Provisions dealing with extraordinary circumstances that may affect the guarantee
1. Schedule A - Form of Demand: Prescribed format for submitting claims under the guarantee
2. Schedule B - Authority Documents: Required documentation proving authority of signatories
3. Schedule C - Underlying Contract Extract: Relevant excerpts from the contract being guaranteed
4. Schedule D - Bank's Standard Terms: Standard terms and conditions of the issuing bank applicable to guarantees
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
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.