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A personal guarantee is a legally binding commitment by an individual, often a company director or business owner, to take personal responsibility for a debt or obligation if the business cannot meet it. They are common in contexts such as business loans, landlord personal guarantees and supplier credit agreements.
While personal guarantees can unlock funding or secure contracts, they also carry significant personal risk. Understanding your rights, obligations and options is essential before signing. If you need to enforce a personal guarantee, or challenge its enforceability, expert legal advice is critical.
Our expert solicitors in Chester provide clear, strategic guidance to protect your interests.
Specialist expertise in company law, commercial contracts, intellectual property, employment law and framework agreements.
Initial Review - we assess the guarantee terms, the underlying agreement and your objectives.
Risk Analysis – we identify potential liabilities, enforcement risks and opportunities to negotiate limitations.
Negotiation & Drafting – we prepare or amend guarantee agreements to ensure clarity, fairness and compliance with UK legislation.
Ongoing Support – we provide continuing advice on related commercial arrangements, including restructuring, refinancing or settlement.
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Resolving guarantee and contractual disputes efficiently