Signature Liability
How to Sign Business Contracts Without Being Personally Liable
This is a topic you may have never thought about - signature liability.
If you are part of a corporation or limited liability company and sign a contract,
the company is the one responsible for the contract.
Right?
Not necessarily.
You may be personally liable too.
An attorney saw a recent case where the President of a corporation
signed a $100,000 contract. But because he signed it 'wrong' the other party was
able to sue the corporation and the President personally. His personal assets were
at risk!
That prompted the creation of this special report.
Once you know the rules this is a simple problem to avoid.
But if you do not know the rules the result can be catastrophic.
A corporation or LLC is supposed to provide asset protection for individuals not
responsible for company debts. Don't voluntarily destroy that protection by
signing your contracts wrong.
This brief guide shows you the right and wrong ways to sign a business contract.
Or subscribe to Lawzilla's Premium Membership where this report can be downloaded in the members area.
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