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1. Parties: Identifies all parties: the Employer (Creditor), the Employee (Principal Debtor), and the Guarantor
2. Background: Explains the context of the guarantee - the employment relationship and why a guarantee is required
3. Definitions: Defines key terms used throughout the document including 'Guaranteed Obligations', 'Employment Agreement', etc.
4. Guarantee and Indemnity: Core section detailing the guarantee obligations and indemnity provided by the guarantor
5. Scope of Guarantee: Specifies exactly what obligations are being guaranteed (e.g., employee's performance, financial obligations, etc.)
6. Duration of Guarantee: Specifies how long the guarantee remains in effect and any conditions for termination
7. Guarantor's Representations and Warranties: Statements confirming the guarantor's capacity and authority to provide the guarantee
8. Enforcement and Remedies: Details the employer's rights and remedies if the guarantee needs to be enforced
9. Notices: Specifies how and where formal communications between parties should be made
10. Governing Law and Jurisdiction: Confirms Malaysian law governs the agreement and specifies jurisdiction for disputes
1. Multiple Guarantors: Section needed when there is more than one guarantor, defining joint and several liability
2. Security: Required if the guarantor is providing specific assets as security for the guarantee
3. Guarantee Limit: Optional cap on the guarantor's liability, if applicable
4. Assignment: Include if either party needs the right to assign the guarantee to others
5. Change of Employment Terms: Include if guarantee should remain valid despite changes to employment terms
1. Schedule 1 - Employment Agreement: Copy or key terms of the underlying employment agreement being guaranteed
2. Schedule 2 - Guaranteed Obligations: Detailed list of specific obligations being guaranteed
3. Schedule 3 - Guarantor's Assets: If relevant, list of assets provided as security for the guarantee
4. Appendix A - Form of Demand: Template for making formal demands under the guarantee
5. Appendix B - Guarantor's Certificate: Required declarations and confirmations from the guarantor
Scope of Guarantee
Duration
Payment Obligations
Representations and Warranties
Continuing Security
Default and Enforcement
Demand Procedure
Waiver of Defenses
Joint and Several Liability
Assignment
Notices
Amendment
Severability
Governing Law
Jurisdiction
Execution
Stamp Duty
Confidentiality
Entire Agreement
Force Majeure
Termination
Costs and Expenses
Financial Services
Banking
Retail
Manufacturing
Logistics
Technology
Professional Services
Construction
Trading
Hospitality
Legal
Human Resources
Finance
Operations
Treasury
Risk Management
Compliance
Administration
Cash Handler
Treasury Manager
Store Manager
Warehouse Supervisor
Financial Controller
Sales Manager
Procurement Officer
Account Executive
Operations Manager
Inventory Controller
Chief Cashier
Branch Manager
Finance Director
Chief Financial Officer
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