Transactions can take many forms.
A simple sale of goods could be governed through the use of a purchase order, confirmed by an acknowledgement, and subject to terms and conditions on the back of a form.
KMK attorneys have vast experience in reviewing, preparing, interpreting, and enforcing these terms and conditions and the related rules that impact a sale of goods governed by Article 2 of the Uniform Commercial Code (the UCC). Transactions can also be secured--protected by an additional grant of an interest in collateral--whether the goods are sold in a sale transaction, or as part of the collateral package for a loan.
These secured transactions, which can include consignments and bailments, are subject to special rules under Article 9 of the UCC to ensure the creditor’s rights in the promised collateral are properly granted by the owner or party in possession, and also that the creditor’s claims have priority over third-party claims (such as other creditors) as well.
KMK attorneys also have vast experience in documenting these arrangements so that the creditor’s interest is protected from the outset, and in the event a bankruptcy filing arises or court enforcement of the agreements is required. Our team includes attorneys Board Certified in Creditors’ Rights Law and Business Bankruptcy Law by the American Board of Certification. Many are currently designated as Wisconsin “Super Lawyers” by Super Lawyer Magazine and “Best Lawyers in America” by U.S. News and World Report in Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law.
Call us now at (414) 962-5110 to find out how you can benefit from our extensive understanding of secured and unsecured transactions.