Personal Sureity

[GlitchFreak]

Hey everyone

What is the norm regarding clauses in dealership applications (IT Companies etc) that state that members are personally liable for debts if the cc cannot repay them?

If it's a COD application, can I eliminate the clauses?

Thanks!

[Dave A]

I can't speak for the norm of the IT industry, but I have often crossed out the surety clauses in credit applications with suppliers. Particularly if they have any latin in them. My other favourite is to cross out any indefinite period reference and insert "as long as I remain a director of the company" (in my case I'm a director, not a member).