On this episode of Let’s Get Surety®, we are joined by Todd Regan, a partner in the law firm of Gordon Rees Scully Mansukhani, to discuss the many pitfalls to be avoided when negotiating personal guarantees. Todd explains how even when a corporate officer or agent signs what appears to be a clear agreement to personally guarantee a corporate debt, a creditor may later be surprised when the court finds the guarantee unenforceable, leaving the creditor empty-handed. Listen in to learn more about this crucial and sometimes overlooked aspect of the construction and surety industries. Read Todd's article published in the Surety Bond Quarterly Summer 2023 issue that is mentioned during this episode, "Have an Ironclad Personal Guarantee From a Corporate Officer or Agent?" and listen to Todd's other Let’s Get Surety® episode "A Closer Look at Performance Bonds and Recent Court Rulings"!
With special guest:
Todd Regan, Partner, Gordon Rees Scully Mansukhani, LLP
Hosted by:
Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP
Sponsored by Merchants Bonding Company!
