The Employee Guarantor Form is a crucial document used in the United Arab Emirates when an employer requires additional security for an employee's obligations or potential liabilities. This form is particularly relevant for positions involving financial responsibilities, handling of valuable assets, or senior management roles. The document, governed by UAE law, establishes a legally binding guarantee where a third party (typically an individual or company) agrees to assume responsibility for the employee's obligations. The guarantor's liability usually covers potential financial losses, breach of duties, or other specified obligations. The form must comply with UAE Civil Code provisions regarding guarantees and the UAE Labor Law, requiring careful drafting to ensure enforceability. It typically includes details of all parties, the scope of guaranteed obligations, duration of the guarantee, and specific conditions for calling upon the guarantee.
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1. Parties: Identifies the three main parties: the Employer (Beneficiary), the Employee (Principal Debtor), and the Guarantor
2. Background: Brief context explaining the employment relationship and need for guarantee
3. Definitions: Key terms used in the document including 'Guaranteed Obligations', 'Guarantee Period', and 'Liability Limit'
4. Guarantee: Core section detailing the scope and nature of the guarantee being provided
5. Guarantor's Obligations: Specific obligations and responsibilities of the guarantor, including payment terms and conditions
6. Duration: Period of validity for the guarantee and conditions for extension or termination
7. Payment on Demand: Process and conditions under which the guarantee can be called upon
8. Representations and Warranties: Confirmations and assurances provided by the guarantor
9. Notices: Communication procedures between parties
10. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
1. Multiple Guarantors: Additional provisions for cases involving more than one guarantor, defining joint and several liability
2. Bank Details: Include when guarantee involves direct bank transfers or standing instructions
3. Assignment: Include when rights under the guarantee may need to be transferable
4. Counter Indemnity: Include when the guarantor requires protection through counter-indemnity from the employee
5. Foreign Language Translation: Include when any party requires the document in multiple languages
1. Schedule 1 - Guaranteed Obligations: Detailed list of obligations being guaranteed, including monetary values and specific responsibilities
2. Schedule 2 - Identification Documents: Copies of Emirates ID, passport, and other identification documents of all parties
3. Schedule 3 - Employment Contract Reference: Details of the employment contract being guaranteed, including key terms
4. Appendix A - Form of Demand: Template for making a demand under the guarantee
5. Appendix B - Guarantor's Financial Statement: Statement of guarantor's financial position (if required)
Relevant legal definitions
Agreement
Business Day
Company
Confidential Information
Default Event
Demand
Effective Date
Employee
Employment Contract
Expiry Date
Guarantee
Guarantee Period
Guaranteed Obligations
Guarantor
Liability Limit
Loss
Notice
Parties
Principal Debtor
Relevant Jurisdiction
Security
Term
UAE
UAE Dirham or AED
Working Hours
Business Day
Company
Confidential Information
Default Event
Demand
Effective Date
Employee
Employment Contract
Expiry Date
Guarantee
Guarantee Period
Guaranteed Obligations
Guarantor
Liability Limit
Loss
Notice
Parties
Principal Debtor
Relevant Jurisdiction
Security
Term
UAE
UAE Dirham or AED
Working Hours
Clauses
Interpretation
Guarantee and Indemnity
Scope of Guarantee
Duration and Validity
Payment Obligations
Demand Procedure
Representations and Warranties
Guarantor Covenants
Default Events
Enforcement
Liability Limitations
Security
Assignment and Transfer
Notices
Amendments
Severability
Entire Agreement
Waiver
Counterparts
Third Party Rights
Force Majeure
Confidentiality
Costs and Expenses
Governing Law
Jurisdiction
Language
Guarantee and Indemnity
Scope of Guarantee
Duration and Validity
Payment Obligations
Demand Procedure
Representations and Warranties
Guarantor Covenants
Default Events
Enforcement
Liability Limitations
Security
Assignment and Transfer
Notices
Amendments
Severability
Entire Agreement
Waiver
Counterparts
Third Party Rights
Force Majeure
Confidentiality
Costs and Expenses
Governing Law
Jurisdiction
Language
Relevant Industries
Banking and Financial Services
Retail
Construction
Real Estate
Manufacturing
Logistics and Transportation
Healthcare
Hospitality
Technology
Professional Services
Trading and Distribution
Oil and Gas
Relevant Teams
Human Resources
Legal
Finance
Compliance
Risk Management
Treasury
Operations
Company Secretariat
Employee Relations
Recruitment
Relevant Roles
Human Resources Manager
Legal Counsel
Finance Manager
Compliance Officer
Risk Manager
Treasury Manager
Chief Financial Officer
HR Director
General Counsel
Company Secretary
Operations Manager
Recruitment Manager
Employee Relations Manager
Financial Controller
Legal Manager
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