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Overview
This all-new program is tailored to introduce attorneys to the fundamental aspects of drafting security agreements. Starting with the basic elements of secured transactions, attendees will learn about the rules and definitions established by Article 9 of the UCC and how to protect creditors and debtors in these transactions.
The first panel will explain the foundational elements of the security agreement: scope, attachment, perfection, and priority. After which, the panel will dive into the principles of drafting, emphasizing definitions, clauses, and provisions. The second panel will take a deeper look at perfection by filing and the preparation of the financing statement. And the third panel will address perfection by control and the issues related to choice of law and alternative methods of control. Attendees will also have an improved understanding of priority and issues related to first to file and other liens.
What You Will Learn
After completing this program, participants will be able to:
• Confidently draft a security agreement with an improved understanding of the definitions and rules set forth under Article 9 of the UCC
• Assess the proper choice of law and governing state provisions for the secured transaction
• Prepare the financing statement and know how and where to file
• Better understand priority and how other liens can take priority over previously filed financing statements
Program Level: Overview
Prerequisites: None
Advanced Preparation: None