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The Guarantor Contract is a crucial legal instrument in Saudi Arabian commercial and financial transactions, used when one party needs to provide security for another's obligations. This document is essential in various scenarios, including corporate financing, real estate transactions, and commercial ventures, where additional security is required beyond the principal debtor's commitment. The contract must strictly comply with Sharia law principles and Saudi Arabian regulations, particularly avoiding any element of riba (interest) and ensuring clarity in obligations. It includes detailed provisions on the scope of the guarantee, enforcement mechanisms, and the rights and obligations of all parties involved. The document is particularly relevant in the Saudi market where personal and corporate guarantees play a significant role in business transactions and where compliance with both modern commercial practices and Islamic principles is paramount.

1. Parties: Identification of the Guarantor, Principal Debtor, and Beneficiary with full legal names and addresses

2. Background: Context of the guarantee, reference to the principal obligation, and confirmation of Sharia compliance

3. Definitions: Key terms used in the agreement including 'Guaranteed Obligations', 'Principal Debt', 'Guarantee Period'

4. Guarantee and Indemnity: Core guarantee provisions, scope of the guarantee, and nature of the guarantor's obligations

5. Limits of Guarantee: Maximum amount of the guarantee and any temporal or other limitations

6. Representations and Warranties: Guarantor's confirmations regarding capacity, authority, and Sharia compliance

7. Payment Provisions: Terms for making payments, currency, and payment mechanics

8. Continuing Security: Provisions establishing the guarantee as continuing security until obligations are fulfilled

9. Enforcement: Circumstances and procedures for enforcing the guarantee

10. Termination: Conditions and process for terminating the guarantee

11. Governing Law and Jurisdiction: Confirmation of Saudi law governance and jurisdiction of Saudi courts