Personal Guaranty


 

Updated 09/09/2019 

 

Baseus Accessories, LLC 
4340 Lyman Dr. Hilliard, Ohio 43026
TEL (833) 422-7387
FAX (614) 529-6521

 

Company Name (“BUYER”):

Company Address:

Guarantor’s Name:

Guarantor’s Address:

1.Whereas the Company has requested the privilege of purchasing products and services(“PRODUCTS”) from Baseus Accessories LLC and to be allowed to make payment for such purchases by the means of any payment options available including but not limited to, COD, Company Check, or Credit Card (“AVAILABLE PAYMENT OPTIONS”). In consideration of the above-mentioned request and as inducement to Baseus Accessories LLC to extend such privileges to the Company, the Guarantor hereby unconditionally guarantees the performance of the Company under the terms of this Personal Guarantee.

2.The Guarantor acknowledges that he/she has full knowledge of the process of collecting funds through AVAILABLE PAYMENT OPTIONS.

3.Upon default by the Company to pay for any PRODUCTS purchased by the Company, or to satisfy any outstanding balance owed to Baseus Accessories LLC, the Guarantor shall assume full responsibility for the payment of any outstanding balance owed by the Company to Baseus Accessories LLC, and Baseus Accessories LLC shall not be obliged to seek recourse against the Company prior to enforcing its rights against Guarantor under this Guaranty. The Guarantor further agrees to pay Baseus Accessories LLC upon written demand all monies due from and not paid by the Company, and all such payments shall be without deduction, withholding, or set-off, and shall be free from any claim or counterclaim of the undersigned.

4. The Guarantor agrees to remain fully bound until all monies due under this Guaranty have been paid in full. The liability of the Guarantor under this Guaranty shall be unconditional, irrespective of (i) any amendment of any agreement between Baseus Accessories LLC and the Company, (ii) any change of the time, manner or place of payment, or any other term of any obligation of Company, (iii) any exchange, release, or non-perfection of any collateral securing payment of any obligation of Company, and (iv) any other circumstance which might otherwise constitute a defense available to, or a discharge of the Company or a Guarantor. Guarantor further waives notice of acceptance, notice of presentment, demand, maturity of payments to become due, notice of default or dishonor by Company, and notice of protest to any note or obligation signed, accepted, endorsed or assigned to Baseus Accessories LLC by Company, and all other such notices required or customarily given under like circumstances. The undersigned hereby waives all exemptions, homestead laws, set-offs and counter-claims, and agrees that Baseus Accessories LLC does not have to exhaust any right or to take any action against the Company or its collateral prior to seeking payment from Guarantor.

5. In the event of default by the Guarantor, all reasonable legal fees, collection, and enforcement charges, to the extent permissible by law, in addition to other amounts due, shall be payable by the Guarantor.

6. No relaxation, indulgence, waiver, release, or concession extended to the Company by Baseus Accessories LLC, and no delay or omission in the enforcement of payment or in exercising any of Baseus Accessories LLC’s rights shall affect the liability of the Guarantor under this Guaranty.

7. This Guaranty shall be binding upon and accrue to the benefit of the parties, their successors, legal representatives and assigns. Notwithstanding the foregoing, Guarantor may not assign its obligations under this Guaranty.

8. This Guaranty shall be construed, interpreted and governed in accordance with the laws of the State of Ohio without regard to conflict of law principles, and should any provision of this Guaranty be judged by an appropriate court of law as invalid, it shall not affect any of the remaining provisions whatsoever. Any disputes arising out of or in connection with this Guaranty or the interpretation thereof shall be submitted to a court of competent jurisdiction in Franklin County, Ohio. The parties hereto consent to such venue and to personal jurisdiction in those courts for purposes of the resolution of any such dispute, whether civil or criminal.

9. In the event that Baseus Accessories LLC must employ legal counsel to pursue and/or defend against actions arising from this Guaranty, or if Baseus Accessories LLC must employ legal counsel to enforce any of the terms and conditions set forth in this Guaranty, Guarantor understands and agrees that  Baseus Accessories LLC will be entitled to recoup attorney’s fees from Guarantor at a rate of $200.00 per hour, but not less than $500.00 per incident.

 

 

Signed on this  day of  20 .

 

 

 

 

Guarantor Signature: 

 

 

 

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Signature Certificate
Document name: Personal Guaranty
Unique Document ID: 62455d770d7abe3b5dc887af29cae281e39a195c
Timestamp Audit
September 26, 2019 1:04 pm EDTPersonal Guaranty Uploaded by Sam Haq - shaq@gobaseus.com IP 71.66.199.42