Bank Guarantee Performance Bond Template for Belgium

1. Transfer and Assignment: Include when the guarantee needs to be transferable or when assignment should be specifically prohibited

2. Multiple Demands: Include when multiple partial demands are permitted under the guarantee

3. Force Majeure: Include when specific force majeure provisions are required beyond standard Belgian law provisions

4. Counter-Indemnity: Include when there's a separate counter-indemnity arrangement between the bank and the principal

5. Language: Include when the guarantee may be issued in multiple languages or when translation issues need to be addressed

6. Notices: Include when specific notice requirements beyond standard demand procedures are needed

7. Bank's Independent Obligation: Include when additional emphasis on the independent nature of the guarantee is required

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

2. Underlying Contract Details: Key details of the contract being guaranteed, including contract reference, date, and parties

3. Authorized Signatories: List of persons authorized to make demands under the guarantee

4. Performance Milestones: If applicable, schedule of performance milestones affecting the guarantee amount

5. Bank's Standard Terms and Conditions: Any standard terms and conditions of the issuing bank that apply to the guarantee