Top 10 of 24 law firms for Personal Guarantees, Contract Law | Southwark, London
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Personal guarantees take effect as a borrower’s promise to pay someone else’s debt if the original borrower cannot. In England, a solicitor who specialises in this area reviews and negotiates guarantee wording, checks the link to the primary loan or credit facility, and tests enforceability against consumer protections and misrepresentation rules. They draft or revise the guarantee, assess caps and duration, and advise on releases or variations of the underlying obligation. The work can shape a business’s liability and creditor rights.
