LawDepot’s Personal and Corporate Guarantee template includes a term that makes this guarantee enforceable for as long as the debtor owes a debt to the lender. As long as there’s a debt owed, the guarantor has an obligation to pay the debt if the debtor cannot. For instance, if the guarantee is for a ProductLink code="BLOAN" text=" Loan Agreement", the guarantor is bound until the debtor repays the loan or the lender releases the guarantor from liability with a ProductLink code="RELEAS" text="Debt Settlement".