A Study on Utilization by the Demand Guarantee for the Underlying Contract Performance

기초계약이행을 위한 청구보증 활용에 관한 연구 - 청구보증의 성립과 지급청구 요건을 중심으로 -

  • 전재웅 (건국대학교 국제무역학과) ;
  • 유광현 (건국대학교 국제무역학과)
  • Received : 2014.01.31
  • Accepted : 2014.02.12
  • Published : 2014.02.28

Abstract

This study has significance in examining the formation requirements and notes for concluding the guarantee contract of minimizing interests and conflicts with the concerned parties by examining issues related to the legal relation and demand payment in the concerned parties and by figuring out the provisions of conformity related to the requirements for demand payment pertinent to the documentary provision in relation to characteristics of demand guarantee. What the concerned parties of using demand guarantee grasp the requirements for demand payment of being compliant with the essence and the guarantee condition of the demand guarantee will lead to possibly preventing a dispute caused by disagreement and being secured the fulfillment of underlying contract. To fulfill a underlying contract that is the objective of issuing the demand guarantee, an effort is needed that minimizes a contract-based risk and a cost by being fully aware of a relevant rule that will be recorded in the terms of payment in the demand guarantee, by reflecting the interests between the concerned parties, and by discussing the payment terms.

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