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CreditorWatch Blog

What are personal guarantees and why are they important for your business?

What are personal guarantees and why are they important for your business?

By Prue Greenfield, Principal Lawyer, Macpherson Kelley   These documents are useful for supplementing credit agreements but it is crucial that they are set up properly. A personal guarantee is a promise made by a guarantor that they will personally meet the obligations of another person or company if that person or company defaults to the creditor under the original, or primary, agreement. […]

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