Payment Clause – Surety / Guarantee
Quelle: https://de.wikipedia.org/wiki/B%C3%BCrgschaft
A contractual provision in which the seller requires a surety/guarantee to secure payment of the purchase price. The guarantor (e.g., bank or insurer) commits to pay the seller if the buyer defaults or fails to fulfill the payment obligation. The clause specifies when and under what conditions the guarantee can be invoked.
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