Bayard Transactional attorneys:
- handle a wide variety of business-related matters for clients ranging from small businesses to large national and multi-national corporations.
- understand the key features of Delaware law that can be incorporated into contracts to benefit the parties, and frequently advise out-of-state lawyers on matters of Delaware contract law.
- draft and review business contracts for clients in a variety of industries, ranging from information technology and software development to manufacturing and construction.
Since 2001, when the Uniform Commercial Code was revised to provide for lien perfection by filing a UCC-1 in the place of a business entity’s formation, the use of Delaware law as the governing law in secured lending transactions has increased. Bayard routinely advises clients regarding:
Guarantees by Delaware affiliated entities
Secured lending transactions, including asset-based financing, with Delaware entities
Security interests in limited liability company member interests
Security in general and limited partnership interests
The effect of Delaware’s nonstandard provisions on the validity of a pledge or security interest from an entity where its organizational documents contain restrictions on transfer