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2. Letter of comfort (contract law) - Wikipedia

   en.wikipedia.org/wiki/Letter_of_comfort...

   A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.

3. Proof of funds - Wikipedia

   en.wikipedia.org/wiki/Proof_of_Funds

   A POF is commonly used when commencing a commercial transactions between parties who do not know each other. The purchaser's bank produces evidence in a standard format that their client is good for a transaction up to the value of xx, based on yy item etc. Usually, such letters have to be produced/verified/confirmed by a class A international bank, as local banks may not have the status ...

4. Good guy clause - Wikipedia

   en.wikipedia.org/wiki/Good_guy_clause

   The use of a Good Guy Clause allows a renter to be released from liability of the lease if a rental is terminated early, giving tenants less apprehension regarding signing a time bound lease, and satisfying the landlord's worries about reclaiming their space "in the same condition in which they would have been had the lease expired in ...

5. Real Estate Counselor: Ruling finds health club on hook for ...

   www.aol.com/real-estate-counselor-ruling-finds...

   The company made all rent payments required under the lease during the lockdown, which was from March 17 to June 12, 2020, but it eventually filed suit in August 2021 seeking a refund of those ...

6. Surety - Wikipedia

   en.wikipedia.org/wiki/Surety

   Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.

7. Demand guarantee - Wikipedia

   en.wikipedia.org/wiki/Demand_guarantee

   Major differences distinguish letters of credit from "demand guarantees"; in the latter instrument the obligation to pay is conditioned within the terms of the bank's promise, therefore if the demand guarantee is payable upon the beneficiary's written first demand he is assured payment notwithstanding any defence related to any other underlying ...