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Personal guarantees show up in commercial leases and vendor credit accounts more often than most business owners expect. They also get signed far too casually, often buried in a lease exhibit, a credit application, or a short “standard” addendum that looks routine. Once signed, a personal guarantee can convert what you thought was a business obligation into personal exposure that follows you even after the business is struggling, the relationship has soured, or the company no

Year end is the right time to measure contracts against how the business actually operates. The law of contracts in New Jersey looks to the words on the page and to performance during the term. Courts enforce clear language, and they give weight to how the parties behaved.