PERSONAL GUARANTEE TEMPLATE
1 Page Guarantee in 5 Minutes. No Lawyer's Fees
"The gold standard in simple, secure, legal documentation."
FREE - PDF
$47 - Word & PDF
Word Template +
Interactive PDF Template
YOUR PERSONAL GUARANTEE IN BLACK & WHITE
With our downloadable Personal Guarantee Template, you can get your arrangement in black & white in under 5 minutes.
The Legal Zebra Template guides you through the process, so you can secure a personal guarantee with confidence.
You'll avoid "legal overwhelm" and lawyer's fees and you'll feel secure with a binding Personal Guarantee in place.
Being a solicitor originally, I can appreciate it when documents are clear and user friendly, especially very important, complex legal agreements.
This is a very well thought out agreement and, like all of Legal Zebra’s documents, it's great for everyday people and the legally trained alike.
WHY YOU NEED A PERSONAL GUARANTEE
A personal guarantee works like this. Party A and Party B enter into a contract. Party A is worried Party B will default so they require Party C to sign a personal guarantee.
For example, you're dealing with a company and you're worried it won't have the money to pay you? If the answer is "Yes" then you should ask the company's directors to sign a Personal Guarantee.
If you buy a property in the name of your company, a bank generally won't lend you money unless you sign a personal guarantee. That's because the bank knows your company could default and want's the right to go after you personally.
You too can get the same legal protection with Legal Zebra's easy to use Personal Guarantee Template.
WHEN TO USE THE PERSONAL GUARANTEE TEMPLATE
If you have a contract, terms & conditions or other agreement prepared already and you want a third party to guarantee performance of the agreement, you can use Legal Zebra's downloadable Template. It will help you put a basic legally binding Personal Guarantee in place, instantly.
The Legal Zebra Template is up to date and suitable for use in all States and Territories of Australia including NSW, VIC, ACT, WA, SA, NT, Tasmania and Queensland.
If your agreement is complicated, or you are involved in a substantial transaction (such as the sale of property) you should seek personalised advice from a lawyer and accountant.
Here's some examples of when to use a Personal Guarantee Template...
Terms & conditions for supply
I want to make sure that I get paid for the goods and services I am supplying to a company even if it goes broke. So, I want the directors and owners of the company to be "on the hook" even if the company doesn't pay.
Guaranteeing an unpaid debt
A company owes me a lot of money. I've agreed not to pursue the debt and keep trading with them because the directors have agreed to give me a personal guarantee. They have promised to pay the company's debts.
Borrowing money for my company
I'm signing a loan agreement with a friend so I can borrow some money for my company. My friend wants me to sign a personal guarantee.
WHAT THE PERSONAL GUARANTEE TEMPLATE COVERS
Legal Zebra's Australian Personal Guarantee Templates includes these important provisions...
The Guarantor promises to pay money owing under an Agreement with a Company.
The Guarantor promises to perform obligations under an Agreement with a Company.
Use the same Templates for multiple Guarantors. For example, have all the directors of a Company sign the document.
CHOOSE THE JURISDICTION
State whether you want the personal guarantee agreement to be enforceable under the law of Victoria, New South Wales or other Australian State of your choosing.
Easy to follow tips and examples to help complete your Personal Guarantee Template with confidence.
Make Your Personal Guarantee Now!
FREE - PDF
$47 - Word & PDF
HOW THE PERSONAL GUARANTEE TEMPLATE WORKS
Complete your Personal Guarantee in three easy steps.
TYPE YOUR DETAILS IN THE DOCUMENT
After you download the template, simply enter the details.
FOLLOW THE TIPS IN THE RIGHT PANEL
The easy to follow guides in the right panel of the legal template tell you how to fill it in. These do not appear in the printout.
SIGN-OFF AND YOU’RE DONE!
Sign and date the document to create a legally binding Agreement. Signing instructions are included in the document and the FAQ below.
Works on Windows
Works on Mac
FAQ: PERSONAL GUARANTEES
Personal Guarantee vs Director's Guarantee
What's the difference between a Personal Guarantee and a Director's Guarantee?
These two documents are the same thing. The document names are interchangeable.
Gurantee used with other Agreements
Does a Personal Guarantee need to be used with another Agreement?
Yes, Legal Zebra's Personal Guarantee Template must be used with another Agreement. For example, it could be used with a Terms & Conditions Agreement.
However, some you may also find a Personal Guarantee included in some other documents in which case a separate Personal Guarantee is not required. For example, the Legal Zebra Loan Agreement includes personal guarantee provisions so with that document there is no need for a separate Personal Guarantee document.
Is it possible to have more than one Guarantor?
Yes, there is no limit on the number of people who can sign a Personal Guarantee. In fact it's common to require all the directors of a company to sign a Personal Guarantee and the company may have 2, 3 or more directors.
Signing a Personal Guarantee
Should I sign a Personal Guarantee?
A personal guarantee can impose serious legal obligations that can be enforced against you. Therefore, you should get proper advice and make sure you understand what you are signing and that you will receive some benefit for signing it (for example, that a supplier agrees to deal with your company).
What happens if a Guarantor refuses to sign?
When you ask a potential Guarantor to sign a Personal Guarantee. If that happens you need to assess the risks of going ahead with a deal with a guarantee.
If you are dealing with a public company (like BHP) or other substantial company then it is likely that the directors will flatly refuse to sign. Hopefully, the company is financially solid enough and you won't need the guarantee anyway.
On the other hand, if you are dealing with a small family owned company or a company with only one director who is also the shareholder, then it is reasonable for you to expect them to sign a Personal Guarantee when you ask them to.
Legal Zebra is an easy to use and friendly service that provides straight forward information for legal documents.
The samples they provide really give you an indication of the quality of information being provided.
The purchase process was simple and quick and is emailed immediately.
I contacted Shanti for some additional help and he was very friendly and helpful.
I would definitely be recommending this service to my friends and family and using this website again in the near future.
HELPFUL LAWYER ON HAND
Mr Shanti Rubens, B Com LLB
Australian barrister & solicitor with over 20 years experience
I‘ve made the Personal Guarantee Template easy to fill-in and understand. It’s designed so you can get your Guarantee in black & white without seeing a lawyer.
You can contact me if you have questions or would like professional assistance customising the basic Personal Guarantee Template to suit your requirements.
YOUR HELPFUL LAWYER HAS WORKED WITH
Submit your review
i recently downloaded the Personal Guarantee of Company Obligations.Amazing service provided by Shanti,The after hours follow up has been so helpful,on 2 occasions I had to ask for advice that was provided to me without extra charges. Shanti made sure that I fully understood the process by on forwarding further links to ensure the legal side was correctly entered. I HIGHLY RECOMMEND THIS SERVICE.
Thanks for reviewing your purchase of the Personal Guarantee Template and I am happy I was able to help you.
Perfect for what we needed. We already had a contract ready to sign, we just wanted a director to guarantee it. Thanks, we will be recommending Legal Zebra.
Thanks, I am glad you like the template Lauren.
This guarantee form is in simple language and saved us spending money on a lawyer. It was easy to customise for our business.
Thanks, I am glad you liked the template.
It was impossible to use. Pretty dissappointed.
Peter, please email and I'll help you out.
Fantastic service. As a business owner this has saved me considerable expense (And potential heartache) by using Legal Zebra’s template.Very simple and easy to understand and follow.Cheers
Make Your Personal Guarantee Now!
FREE - PDF
$47 - Word & PDF