We’ve prepared a bundle of letter templates to be used in general business situation. Feel free to use them with our compliments. However we ask that you do not reproduce these templates on any medium for public display or re-sale.
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FOR GOOD AND VALUABLE CONSIDERATION, and as an inducement for _________________ [Company], to extend credit to __________________ [Borrower], the undersigned jointly and severally and unconditionally guaranty to Company the prompt and full payment of all sums now or hereinafter due Company from Borrower.
And the undersigned agree to remain fully bound on this guaranty notwithstanding any extension, forbearance, or waiver, or release, discharge or substitution of any collateral or security for the debt. In the event of default, the Company may seek payment directly from the undersigned without need to proceed first against the Borrower.
This guaranty shall be binding upon and inure to the benefit of the parties, their successors, assigns and personal representatives.
Signed under seal this __________ day of __________, 20 __.
© R. P. Emery & Associates – www.rpemery.com
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