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Contract Drafting Security Agreements Promissory Notes

Foley & Lardner LLP

Death By Typo: Seventh Circuit Confirms That Security Agreements Must Be Error-Free

Foley & Lardner LLP on

The most common, or at least the most preventable, way for a security interest to perish involuntarily is a drafting error made by the author of the security instrument. The Seventh Circuit recently confirmed a security...more

Troutman Pepper

Banks Beware! Parol Evidence May Not Correct Drafting Errors When Enforcing Security Agreements

Troutman Pepper on

Secured transactions typically include two key documents, which are often executed simultaneously: a promissory note memorializing loan and repayment terms executed by the borrower in favor of the lender and a security...more

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