Guaranty Form Template for Saudi Arabia

1. Security Provisions: Include when the guarantee is secured by specific assets or collateral

2. Multiple Guarantors: Additional provisions required when there is more than one guarantor

3. Counter-Indemnity: Terms for guarantor's right of recourse against the principal debtor

4. Assignment and Transfer: Include if parties want to allow transfer of guarantee rights

5. Currency Provisions: Required for cross-border transactions involving multiple currencies

6. Costs and Expenses: Detailed provisions about who bears the costs of enforcement and maintenance

7. Limited Recourse: Include when guarantor's liability is to be limited to specific assets

1. Schedule 1 - Guaranteed Obligations: Detailed description of the underlying obligations being guaranteed

2. Schedule 2 - Form of Demand: Template for making a formal demand under the guarantee

3. Schedule 3 - Security Assets: List and description of any assets securing the guarantee obligations

4. Appendix A - Required Documents: List of documents required for guarantee activation and claims

5. Appendix B - Authorized Signatories: List of persons authorized to make demands under the guarantee