Personal Guarantees in Florida Business Contracts: How to Enforce Them (and How to Defend Them)
If your customer is an LLC or corporation, collecting a large unpaid balance can turn into a “paper victory” problem: you may prove the debt, win the case, and still struggle to collect. One clause often changes that outcome—a personal guaranty. A personal guaranty is a separate promise by an individual (often an owner) to pay … Read more