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.
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
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