Ask a Law Question, Get an Answer ASAP!
Hello my name is XXXXX XXXXX I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply as this is not an ‘on demand’ live service, but rest assured I will be giving your question my immediate attention upon return. There is no need to wait here, you will get an email when I reply.
Have you asked the Company who leased the equipment from to release you please?
Hi Alex, I haven't asked them as yet. I may be leaving the company this week and as such I would like to get it sorted out one way or another.
Hi Alex. No I haven't asked them that yet.
Ok - you need to do 2 things:
Sorry, having problems with my phone.
1) Ask the lease company to release you
2) Get an indemnity agreement from the your Company and/or Director against any future liability
As soon as I saw the signed guarantee I told them I hadn't in fact signed it at all.
This is an agreement that indemnifies you and holds you harmless against any future liability
Yes but you don't want it to get that far.
But take the above two steps.
If you have that then everything will be fine.
What if they say they won't release me from it?
Then you need to have option 2 - get an indemnity from the Company/Director
Can I clarify anything for you about this today please?
OK thanks. I'm sure it will be fine but is there anything else I could do if either of these steps fail?
Not really. You would have to wait and see if the Company defaulted and then issued a claim against you for the sums owed.
Then you would raise the guarantee