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Litigation Guarantee. A Litigation Guarantee is designed for issuance to an attorney representing the plaintiff in an action affecting land. Typical litigation includes actions to quiet title, foreclosure of liens, condemnation and declaratory relief.back. Litigation Guarantee is designed for issuance to an attorney representing the plaintiff in an action affecting land. Typical litigation includes actions to quiet title, foreclosure of liens, condemnation and declaratory relief. back.
Under UK law, a demand guarantee is independent of the underlying contract and is separate from the counter-guarantee (if any) given by the obligee's bank to the obligor's bank.Under US law also a demand guarantee enjoys similar protection and is called a standby letter of credit.nder UK law, a demand guarantee is independent of the underlying contract and is separate from the counter-guarantee (if any) given by the obligee's bank to the obligor's bank.