Broward Florida Guaranty of Open Account - Alternate Form

• Category: Guaranty - Open Accounts
• State: Multi-State
• County: Broward
• Control #: US-00524
• Format: Word; Rich Text

Description

This form states that in consideration of and in order to induce the payee(s), to extend credit to the customer, the guarantor unconditionally and absolutely guarantees to payee(s), jointly and severally, the full and prompt payment and performance of any and all account receivable charges by customer incurred to payee, including collections fees and reasonable attorneys' fees, up to a certain maximum amount. The Broward Florida Guaranty of Open Account — Alternate Form is a legal document used in Broward County, Florida, to establish a guarantee for an open account. It serves as a written agreement between a creditor and a guarantor, ensuring that the guarantor will be responsible for the debt incurred by a debtor. This specific form is an alternative version of the standard Broward Florida Guaranty of Open Account and provides alternative clauses and terms that may better suit the specific needs of the parties involved. It is crucial to mention that this form must adhere to the laws and regulations of Broward County and the state of Florida. Typically, the Broward Florida Guaranty of Open Account — Alternate Form includes the following information: 1. Identifying Information: The form will require the legal names and addresses of both the creditor (the party providing goods or services on credit) and the guarantor (the individual or entity assuming the responsibility). 2. Open Account Details: It outlines the specifics of the open account, such as the account number, the initial credit limit, and any applicable interest rates or fees. 3. Guarantor's Obligations: This section details the guarantor's agreement to guarantee the debt and specifies that they will be responsible for the debtor's payment obligations if they default. 4. Governing Law: The form will mention that the agreement shall be governed and interpreted under the laws of Broward County, Florida, and the state of Florida. 5. Severability and Waiver: This clause states that if any part of the agreement is found to be unenforceable, the remaining provisions will remain in full force and effect. It also explains that any waiver by either party of a particular provision will not constitute a waiver of any other provision. 6. Execution: Both the creditor and the guarantor will need to sign and date the document, along with any witnesses or notaries required by law. Different variations or types of Broward Florida Guaranty of Open Account — Alternate Form may exist to accommodate specific situations or preferences. For instance, variations may arise concerning alternate payment terms, collateral requirements, or additional provisions tailored to particular industries or specialized services. In summary, the Broward Florida Guaranty of Open Account — Alternate Form is an essential legal document that establishes the guarantee for an open account in Broward County, Florida. It safeguards the creditor and ensures that the guarantor takes responsibility for the debt incurred by the debtor.

The Broward Florida Guaranty of Open Account — Alternate Form is a legal document used in Broward County, Florida, to establish a guarantee for an open account. It serves as a written agreement between a creditor and a guarantor, ensuring that the guarantor will be responsible for the debt incurred by a debtor. This specific form is an alternative version of the standard Broward Florida Guaranty of Open Account and provides alternative clauses and terms that may better suit the specific needs of the parties involved. It is crucial to mention that this form must adhere to the laws and regulations of Broward County and the state of Florida. Typically, the Broward Florida Guaranty of Open Account — Alternate Form includes the following information: 1. Identifying Information: The form will require the legal names and addresses of both the creditor (the party providing goods or services on credit) and the guarantor (the individual or entity assuming the responsibility). 2. Open Account Details: It outlines the specifics of the open account, such as the account number, the initial credit limit, and any applicable interest rates or fees. 3. Guarantor's Obligations: This section details the guarantor's agreement to guarantee the debt and specifies that they will be responsible for the debtor's payment obligations if they default. 4. Governing Law: The form will mention that the agreement shall be governed and interpreted under the laws of Broward County, Florida, and the state of Florida. 5. Severability and Waiver: This clause states that if any part of the agreement is found to be unenforceable, the remaining provisions will remain in full force and effect. It also explains that any waiver by either party of a particular provision will not constitute a waiver of any other provision. 6. Execution: Both the creditor and the guarantor will need to sign and date the document, along with any witnesses or notaries required by law. Different variations or types of Broward Florida Guaranty of Open Account — Alternate Form may exist to accommodate specific situations or preferences. For instance, variations may arise concerning alternate payment terms, collateral requirements, or additional provisions tailored to particular industries or specialized services. In summary, the Broward Florida Guaranty of Open Account — Alternate Form is an essential legal document that establishes the guarantee for an open account in Broward County, Florida. It safeguards the creditor and ensures that the guarantor takes responsibility for the debt incurred by the debtor.