Section 4: Guarantees

The contract may provide for guarantees other than those provided for in sub-section 1 for the performance of a particular commitment.

In the event of the termination of a contract which has not provided for a retention of guarantee, where a period is granted to the contractor under the conditions laid down in article R. 2191-30 to repay to the purchaser 80% of the amount of any credit balance appearing in the purchaser’s favour, the contractor shall provide a first demand guarantee or, if the purchaser does not object, a personal…