In English, a bank guarantee clause is called "bank guarantee clause".
When a bank issues a bank guarantee, they are essentially providing a promise to cover a financial obligation if the party requesting the guarantee fails to fulfill their obligations. The terms of the bank guarantee will outline the specific circumstances under which the guarantee will be invoked, as well as any applicable fees or charges.
Typically, bank guarantee clauses will include provisions regarding the maximum liability of the bank, the expiration date of the guarantee, and any special conditions or requirements that must be met in order to invoke the guarantee.
It is important for both parties involved in a transaction to carefully review and understand the bank guarantee clause before proceeding with the agreement. This will help to ensure that all parties are clear on their rights and responsibilities in the event that the guarantee needs to be invoked.
Overall, the bank guarantee clause is a crucial aspect of any financial transaction involving a bank guarantee, and parties should take the time to fully understand its implications before moving forward.
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