Monday Morning Meeting: The Power Of A Personal Guarantee

What Every Staffing and Recruiting Firm Should Know

English - February 14, 2019 03:32 - 9 minutes - 13.4 MB
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Today Wilson Cole, President of Adams, Evens, & Ross (AER) and Samantha Cole, in-house counsel for AER, are talking about personal guarantees. To begin with, trying to get an HR manager to sign a personal guarantee is probably a waste of time because it will likely have no weight (especially if the HR manager gets a different job). A personal guarantee is a form that states something to the effect of “if the business fails or fails to pay, the staffing agency can go after the signee personally.” A personal guarantee can be part of a larger standard contract or a separate/special contract.