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Drafting and Negotiating Security Agreements and Other Collateral Agreements

Online Class material is 100% online, accessible by all standard web browsers. Use your desktop, laptop, tablet, or smartphone--your progress will by synced across all devices.
On-Demand The class is fully asynchronous. Do the work at your own pace, turn in your assignment when you're ready, and get instant feedback via model answers and video review sessions.
Interactive Learn with dynamic, interactive modules that keep you engaged in active learning using a variety of learning modes.
Experiential Includes practical assessments throughout the class, plus a capstone assignment where you apply your skills in the context of a real-world matter.

Class Content


This course will introduce students to security agreements and the key components thereto. It will start by explaining when a security agreement is needed and the process for drafting a security agreement. It will then discuss the concept of perfection of a security interest, including its importance and the process of perfection in various types of collateral. Finally, it will explain the due diligence process involved in a security agreement transaction. The course is designed to provide junior associates with a greater understanding of secured transactions, especially when drafting and negotiating a security agreement.

Level: Basic-Foundational

This class is suitable for attorneys who have a general interest in, or are exposed to, commercial lending transactions.


Upon completion of this course, participants will be able to:

  • Discuss the key components contained in a security agreement
  • Understand how to draft a standard security agreement
  • Explain how to perfect a security interest in various types of collateral (e.g., goods, intellectual property and capital stock)
  • Conduct due diligence in connection with obtaining a security interest
  • Review comments received on a security agreement and determine whether those comments should be accepted or rejected and why

Simulation Exercise

Students are presented with a banker that has reached out regarding a proposed credit facility consisting of a term loan and a revolving loan facility that the bank team has greenlighted for approval. Students are asked to (i) review the borrower’s comments on the first draft of the Security Agreement and prepare a memo explaining why certain comments were accepted or declined and (ii) review the organizational documents provided by the borrower and ensure that the UCC financing statement is accurately prepared for filing.

CLE Credit

2 CLE Credits is available for each course.


The AltaClaro Difference

Effective Learning with ROI--Backed by Education Science

Step 1: Learn

Learn at your own pace, absorbing lessons in short, easily digested segments led by experienced practitioners.

Step 2: Do

Apply what you've learned to solve real-world client scenarios, using transaction documents derived from actual deals.

Step 3: Review

Deepen your learning in virtual review sessions with an experienced practitioner. Review model answers and ask questions.

Instructors Who Practice What They Teach

Success Stories

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Our master classes are delivered in an experiential "bootcamp" framework. Students participate in small cohorts that go through the learning materials, assignments, and live review sessions together with experienced practitioner-instructors.

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