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.
Drafting and Negotiating Security Agreements and Other Collateral Agreements
Training courses associates and partners love and law firms need.
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
Class Content Overview
Level: Basic-Foundational
This class is suitable for attorneys who have a general interest in, or are exposed to, commercial lending transactions.
Course Details
2 CLE Credits is available for each course.
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.
Instructors Who Practice What They Teach
Our vetted instructors are global practitioners with outstanding professional and educational qualifications and demonstrated achievement in their fields. All have 10+ years Big Law experience.
In addition to their accomplishments as practitioners, our instructors are also passionate about teaching. We carefully interview instructor candidates to assess personality, domain expertise and effectiveness in the classroom. Our instructors must maintain a 4.5 out of 5 rating from students.
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