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In this video, John Gallagher from Argon Law discusses the key aspects of personal guarantees, particularly in relation to signing documents as a guarantor for someone else’s obligations. He emphasizes that typically, one person is not responsible for another's debts, but signing a personal guarantee legally makes you a guarantor, holding you accountable for that person's obligations. He advises that contracts must be thoroughly read, paying attention to terms like "guarantee," "guarantor," or "personal capacity." This is critical as disputing what you've signed can be challenging if you haven't reviewed the fine print.