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A Corporate Performance Guarantee is commonly used in commercial transactions where a party requires additional security for the performance of contractual obligations. Under English and Welsh law, these guarantees provide a robust mechanism for risk mitigation, particularly in high-value contracts or where the principal obligor's financial strength may be uncertain. The guarantee typically includes detailed provisions on the scope of guaranteed obligations, enforcement mechanisms, and the circumstances under which the guarantor's obligations are triggered.

1. Parties: Identification of guarantor and beneficiary, including registered offices and company numbers

2. Background: Context of the guarantee, reference to underlying agreement being guaranteed

3. Definitions: Key terms used throughout the guarantee, including 'Guaranteed Obligations'

4. Guarantee and Indemnity: Core obligations of the guarantor, including scope of guarantee

5. Preservation of Rights: Provisions ensuring guarantee remains valid despite changes to underlying obligation

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

7. Payments: Payment mechanisms and obligations, including tax provisions

8. Duration: Term of guarantee and conditions for termination

9. Governing Law and Jurisdiction: Confirmation of English law and jurisdiction