UAE Civil Transactions Law

Article 992

Book Two: Nominate Contracts · Section Five: Suretyship Contract · Chapter One: General Provisions

1. A suretyship may be absolute, restricted by a valid condition, suspended upon a suitable condition, deferred to a future time, or temporary. 2. For a suretyship suspended upon a suitable condition, the surety may withdraw their suretyship before the debt arises, provided that the creditor is notified of such withdrawal. 3. If the surety for a future debt has not specified a duration for the suretyship, the surety may withdraw therefrom at any time, as long as the debt under suretyship has not arisen. 4. If the suretyship is for a limited period, the surety shall be liable only for the obligations arising during the term of the suretyship.

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