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Chile legal advice when making contracts

LEGAL ADVICE WHEN DEALING WITH MINING COMPANIES BANK GUARANTEES In Chile, it is very rare to come across a mining contract that does not have a bank guarantee that either guarantees the quality and operation of the goods and/or services provided, guarantees the faithful compliance of the contract, or guarantees the performance of the goods or services provided. Some contracts will even impose all three guarantees. This type of bank guarantee in Spanish is known as a boleta de garantia. It is a bond issued by…