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Performance guarantee
I need a performance guarantee document for a construction project, ensuring the contractor fulfills their obligations as per the contract terms. The guarantee should cover a period of 12 months post-completion, with a specified financial limit and conditions for claims in case of non-performance.
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Financial Performance Guarantee
A South African law-governed financial instrument where a guarantor commits to compensate a beneficiary if a principal debtor fails to meet specified performance obligations.
Corporate Performance Guarantee
A South African law-governed guarantee instrument where a corporate entity ensures the performance obligations of another party, providing financial security to the beneficiary.
Contract Performance Guarantee
A South African law-governed financial guarantee document where a guarantor commits to compensate a beneficiary if a principal fails to perform specified contractual obligations.
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