A 48-year-old business owner engaged EAS Legal after being pursued under a personal guarantee for more than $310,000 arising from the collapse of a supplier agreement.
Following a detailed review of the guarantee documentation and surrounding negotiations, we identified significant contractual issues affecting the enforceability of the guarantee. Strategic negotiations were commenced with the opposing party before the matter proceeded to trial.
Outcome: The parties reached a commercial settlement for less than one-third of the amount originally claimed, saving our client hundreds of thousands of dollars while avoiding the significant costs and uncertainty of a contested trial.
