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Personal Guarantee
Free personal guarantee template — an individual personally guarantees a business's debt or contractual obligation.
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This free personal guarantee covers 1. Guarantee, 2. Scope, 3. Continuing Guarantee, 4. Waiver of Defenses, 5. Joint and Several (if multiple guarantors) with 5 clearly marked [placeholder] fields to fill in — built for individuals and small businesses handling a straightforward legal document themselves needing a clear, professional document without commissioning custom legal drafting for a routine situation. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Personal Guarantee
Guarantor: [Name] · Business (Principal Obligor): [Business Name] Creditor: [Name] · Underlying Obligation: [Reference — e.g. lease, loan, or credit agreement] · Date: [Date]
1. Guarantee
In consideration of Creditor extending credit/entering into an agreement with [Business Name], Guarantor personally and unconditionally guarantees full payment and performance of all obligations owed by [Business Name] to Creditor under the underlying agreement.
2. Scope
[ ] Limited guarantee — capped at a maximum of [Amount]. [ ] Unlimited guarantee — covers the full amount owed, however much that may be.
3. Continuing Guarantee
This guarantee remains in effect for the full term of the underlying agreement, including renewals, unless Guarantor is released in writing by Creditor.
4. Waiver of Defenses
Guarantor waives the right to require Creditor to first pursue collection from [Business Name] before enforcing this guarantee directly against Guarantor.
5. Joint and Several (if multiple guarantors)
[If applicable: Each Guarantor is jointly and severally liable for the full amount guaranteed, regardless of any other guarantor's ability to pay.]
Guarantor signature: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. Signing a personal guarantee means creditors of the BUSINESS can come after the guarantor's personal assets if the business can't pay — this is exactly the liability protection an LLC or corporation is usually meant to prevent, so business owners should think carefully before signing one, and negotiate a capped (Section 2) rather than unlimited guarantee where possible.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 5 standard sections: 1. Guarantee, 2. Scope, 3. Continuing Guarantee, 4. Waiver of Defenses, 5. Joint and Several (if multiple guarantors)
- 5 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Before involving a lawyer
A solid starting draft to review with counsel, or to use directly for a low-stakes situation.
FAQ
Is this personal guarantee template really free?
Yes — this Personal Guarantee template on docstoc is free to view, edit online, and download as a PDF with no account or signup required.
What does this personal guarantee cover?
This legal template includes 1. Guarantee, 2. Scope, 3. Continuing Guarantee, 4. Waiver of Defenses. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. Legal documents are exactly where a generic template is most likely to miss something that matters — the right structure, required disclosures, and even which clauses are enforceable all vary by state and situation. Use this as a starting point for a conversation with a licensed attorney, not a substitute for one.
Can I edit the wording?
Yes — edit directly on the page, adjust any section or clause, and re-fill the 5 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.
Where can I find more free templates like this?
Browse more free legal and related document templates in the docstoc library at /document-templates/.
More free document templates
- Mutual Non-Disclosure Agreement (NDA)
- Demand Letter for Unpaid Invoice
- General Power of Attorney
- One-Way (Unilateral) NDA
- Corporate Bylaws
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Why use this instead of a generic template
Security
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Legality
Templates are drafted for general use, not a substitute for legal advice — check the note on each page for specifics.
Privacy
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Speed
Copy the subject and body directly — no form to fill in, no export step, no waiting on a download link.
Mobile-friendly
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API available
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