Legal analysis: Yes, the guarantor needs to bear certain legal responsibilities after providing guarantee for the creditor-debtor relationship. Then the legal liabilities of the guarantor include the principal creditor's right and its interest, liquidated damages, damages and the expenses for realizing the creditor's right. Unless otherwise agreed by the parties, such agreement shall prevail.

Legal basis: Article 69 1 of the Civil Code of People's Republic of China (PRC) covers the principal creditor's right and its interest, liquidated damages, damages and expenses for realizing the creditor's right. Unless otherwise agreed by the parties, such agreement shall prevail.