Common use of INDEPENDENCE OF THE GUARANTEE CONTRACT Clause in Contracts

INDEPENDENCE OF THE GUARANTEE CONTRACT. The validity of the guarantee contract is independent from that of the Main Contract. The failure, invalidation, partial invalidation, or cancellation of the Main Contract does not affect the validity of the guarantee contract. If the Main Contract fails, is invalidated, partially invalidated, canceled or void, Party A shall be jointly responsible for the debtor’s debts due to return of properties or compensation of losses.

INDEPENDENCE OF THE GUARANTEE CONTRACT. The validity of the guarantee contract is independent from that of the Main Contract. The failurefalse, invalidationineffectiveness, invalidity, partial invalidation, invalidity or cancellation revocation and termination of the Main Contract does shall not affect influence the validity of the guarantee this contract. If the Main Contract failsis confirmed as false, is invalidatedineffectiveness, partially invalidatedinvalidity, canceled partial invalidity or voidtermination, Party A shall be jointly responsible undertake a joint and several liability for the debts brought about by the debtor’s debts due to return restitution of properties property or compensation of payment for losses.