This form states that in consideration of and in order to induce a third party to enter into a contract, the guarantor unconditionally and absolutely guarantees to be responsible jointly and severally for the full and prompt payment and performance of its obligations under the contract, including reasonable attorneys' fees.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Once made, a corporate guaranty is usually difficult to revoke without a mutual agreement. It's best to read the fine print carefully before signing.
To get a corporate guaranty, you typically need to approach a corporation that is willing to back your obligations. You’ll need to present your business plan and discuss the terms.
Yes, a corporate guaranty is legally binding. If the obligations aren’t met, the guarantor can be held responsible, just like any other contract.
In California, any legally recognized corporation can act as a guarantor. This means they must be registered and in good standing in the state.
A corporate guaranty is a promise made by a corporation to back another party's financial obligations. In Long Beach, it's often used when a company rents space or takes out loans.
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Long Beach California Garantía Corporativa - General