have serious entrepreneur should work like clockwork, so various troubles in relationships with partners may negatively impact on the business.In order to avoid unexpected circumstances, on the one hand and on the other hand, companies enter into a contract between the various forms, depending on what are the subject arrangement.
Recently, more and more entrepreneurs are looking for a bank guarantee to protect yourself and your partner by default and conditions of the transaction.This document is a special contract that involves three parties: the guarantor bank, the beneficiary and the principal.Obligations of each of the parties to ensure their timely implementation and avoid force majeure.
Principal - is the applicant, or the person who is the initiator of the contract.Bank guarantee signed by the bank on the one hand and the performer, and the other - the customer called another beneficiary.This document guarantees the fulfillment of certain obligations by one party against the other.Principal in the bank guarantee - an organization which appealed to financial institutions to enter into a contract.
This document allows the customer to be confident in the performance of all obligations, otherwise the beneficiary will receive a certain amount of money as compensation for non-performance by the principal agreement.If contract terms are not met through the fault of the executor, the damages carried out his account or line of credit, issued on his name.But there are unpredictable circumstances, in case of which insurance is provided.
Principal - is a person serious about their work and valued partners because a bank guarantee in itself is a powerful tool for insurance that protects against all kinds of risks on both sides.This point is very important in today's business environment.Very often this document in its contractual relations the principal uses.This allows him to save perfectly, because if not for this document would have been spent more heavily (when applying to commercial banks requesting registration of the credit).
All charges when you make a bank guarantee borne by the implementing agency.The complainant, who is also a debtor, referring to the bank-guarantor must meet all its requirements, or to issue a document may be refused.A credit institution for its intermediary receives a certain fee, which pays the principal.This condition is spelled out in the Civil Code of the Russian Federation.
The only thing that is not prescribed by law procedure for payment of remuneration and size, so the applicant and the guarantor must resolve the matter on their own and prescribe the conditions in the bank guarantee.Even if in the contract there is no item with a description of the value of commission payments, the document will still be considered valid and can not be challenged by the applicant in court.
bank guarantee - an intermediary between the beneficiary and the principal.He is not engaged in clarifying the relationship between the parties, but only following the strict fulfillment of the conditions of the bank guarantee.Consider in the event of conflict provided by partners, documents - and brings its verdict.
