Be Careful When You Personally Guarantee a Contract

HNWBusiness Law, Contract Law

A contractual guarantee agreement means if a contract is breached and payment not made, the person who guaranteed the contract can be held personally liable for payment to the other side.  The rules governing the interpretation of a personal guarantee agreement have not changed much over the years.  These same rules govern question(s) relating to the interpretation of a contractual guaranty.

Don’t forget, if a contract and its express language contains a personal guarantee clause, you’re on the hook.

To discuss your NJ business contract, please contact Fredrick P. Niemann, Esq. toll-free at (855) 376-5291 or email him at  Please ask us about our video conferencing consultations if you are unable to come to our office.

By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold Township, Monmouth County, NJ Business Law Attorney

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