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If a bank guarantee has no expiry date, it typically remains effective until the obligations it secures are fulfilled or the parties involved agree to terminate it. However, this can lead to uncertainty, as beneficiaries may hold the guarantee indefinitely. Banks may also be reluctant to honor guarantees without a clear expiration, as it can complicate their liability and risk management. It's advisable for both parties to clarify the terms and consider including an expiry date to prevent potential disputes.

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3w ago

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