As a highly litigated issue in court, collateral descriptions can be the difference between winning and losing. This webinar includes connection access codes and course materials and allows unlimited listeners via your connection by speakerphone. There is also an option that allows the listeners to view a PowerPoint Slide Presentation via an internet connection. This seminar is 90 minutes long and is followed by a Q&A session.

What We Cover to Make Sure You're Covered

• Importance of knowing and using terms as defined in the Uniform Commercial Code to describe collateral
• Common mistakes in collateral descriptions
• Sufficiency of descriptions as defined by the law
• Basic principles in describing collateral
• Using the security agreement to authorize a filing and the effect on collateral descriptions

A Few Common Mistakes

• Why using the phrase "including but not limited to" in a collateral description can create a problem
• Why using quantity in collateral description (e.g. "ten head of cattle") is always a big mistake, even though it is allowed by law
• Why the "all assets" phrase is never a good idea in a security agreement but may be in a financing statement
• Not knowing sufficiency of description vs. indication of collateral
• Using a security agreement to authorize a filing

Webinar Requirements

Requirements for Audio

• Speakerphone

Requirements for Optional Web Broadcast PowerPoint Presentation

• Broadband Internet Connection

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