This document is a personal guarantee made by a director of a company.
This guarantee can be used when personal guarantee of the director or directors of the company is required. The guarantee may, for example, be used to guarantee the company’s performance of certain contracts.
Providing a personal guarantee means that the director will be liable for the company’s debt or commitment, if the company does not meet that obligation.
This document has been authored for Lexis Nexis by Jane Garber-Rosenzweig, Principal, Gable Lawyers.
This document is prepared with the assistance of Specialist Editor Stephen Newman, Executive Counsel, Ponte Earle.