| name | security-agreement |
| title | Security Agreement (Granting Lien) |
| description | Drafts UCC Article 9 security agreements granting first-priority liens on specified collateral. Covers party identification, collateral descriptions, representations/warranties, default/remedies, and perfection requirements. Use when drafting security agreements, granting liens, creating collateral pledges, or documenting secured financing transactions. |
| author | CaseMark |
| author_url | https://github.com/CaseMark/skills/tree/main/skills/legal/security-agreement |
| license | Apache-2.0 |
| version | 0.1.0 |
| execution_mode | open |
| jurisdiction | us |
| practice | finance |
| language | en |
Security Agreement (Granting Lien)
Drafts an enforceable security agreement creating a first-priority security interest under UCC Article 9. Ensures collateral descriptions satisfy § 9-108 and support UCC-1 filing.
Prerequisites
Gather before drafting:
- Loan documents — agreement/note/facility with principal, rate, maturity
- Party identification — exact legal names per Secretary of State, entity type, jurisdiction, principal address
- Collateral details — asset descriptions, serial numbers, locations, account numbers
- Corporate authority — organizational documents confirming signatory authority
- Lien search — UCC search results showing prior filings against debtor
Quick Start
- Confirm debtor's exact legal name against Secretary of State records
- Map collateral to UCC Article 9 classifications
- Draft using the 10-section structure below
- Verify collateral description works for both the agreement and UCC-1 financing statement
- Cross-check all defined terms and cross-references for internal consistency
Output Structure
1. Preamble & Parties
- Debtor: exact legal name per SoS records (Inc. vs. Incorporated matters for perfection)
- Secured Party: full legal name, entity type, jurisdiction
- Individual debtors: include last-4 SSN or DL number for filing
- Entity debtors: organizational ID, jurisdiction of organization
- Include principal place of business for each party
2. Recitals
Reference underlying obligation (date, type, principal amount). State voluntary grant, confirm UCC Article 9 governance, establish consideration and intent.
3. Grant of Security Interest
Granting clause: "Debtor hereby grants to Secured Party a continuing security interest in all of the Debtor's right, title, and interest in and to the Collateral described below."
"Obligations" definition must cover: current principal; accrued/future interest, fees, costs, attorneys' fees; modifications, extensions, renewals, refinancings; future advances (if intended — note subordination risk with intervening lienholders).
4. Collateral Description
Must "reasonably identify" collateral per UCC § 9-108. Use UCC classifications plus specific identifiers:
