Drafting: Commercial Finance
The course covers basic commercial finance transactions and the negotiation and drafting of related documentation involving secured finance and credit arrangements. In addition, this course seeks to provide students with an understanding of the legal framework and practical considerations affecting commercial finance transactions from the perspective of both a lender and a borrower. The course covers overarching concepts and ideas—practical and legal—concerning finance projects and secured lending, including diligence; the inception of deal, including underwriting and creating commitment letters, term sheets and letters of intent; selecting and drafting loan documentation that reflects the spirit of the deal; and negotiating loan documents as a borrower and as a lender. It also covers securing the bank’s interests in special forms of collateral such as inventory and receivables; dealing with real estate related collateral and protecting the bank’s interests; corporate authority documents – what and why; opinion letters – what they are and how to read them; and practical issues and considerations, including how to get a deal closed.
This is a writing and research course focused on commercial financial law and practice.
Satisfies the Writing Requirement.
Recommended for the Following Professional Pathways: Corporate Transactions and Governance; Financial Services and Compliance; Health Care Management and Compliance; International Business; Labor and Employment (Corporate Perspective); Real Estate and Land Use; General Practice – Transactional