Guarantee Payment Demand Letter

Document Summary

This letter is a formal demand for immediate payment of a specified amount in accordance with a contractual agreement between the parties.

This guarantee demand letter is to be used by the lender/creditor when the borrower/debtor has defaulted on an agreement for which a guarantor has given a guarantee.

The recipient is informed of their obligation to fulfill the obligation of the borrower/debtor in case of a breach and warned of possible legal action if they fail to make the payment by the specified deadline.

Description

This Guarantee Payment Demand Letter refers to a prior contractual Agreement between the parties and requests the recipient to sign and return an acknowledgement receipt form.

Jurisdiction

This document is intended for use in the Emirate of Dubai.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.