Perspectives — Brief Insights
Meet the Guarantee's Terms, Not the Argument
A complying demand includes what the guarantee requires — under URDG 758, that ordinarily means a statement indicating in what respect the applicant is in breach (article 15(a)), required by default unless the guarantee excludes or modifies it. That is not "explaining nothing." The point is narrower: a demand that meets the guarantee's terms needs no argument about the underlying contract, and adding one can invite the very dispute the instrument was designed to keep out.
© Mohamad M. Burjak. Published by Burjak Institute®. All rights reserved.
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