Guarantees are a very common form of security. Lenders often ask for guarantees from the principals behind a business to whom they are going to extend credit. Landlords will seek them from the principals of a corporate tenant. Suppliers often make them part of a credit application. Typically, guarantees are one of several documents signed as part of a new credit arrangement. ...
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This blog is authored by members of the Litigation and Dispute Resolution Department. We follow new and interesting issues emerging in the legal and business communities. The wide range of experience among the members of our litigation group will provide a diverse and insightful examination of current legal trends and topics. Our goal is to provide a source of valuable information and insight on a wide variety of matters for our readers.