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Many companies lease rather than buy computers and servers, company cars and other capital equipment. These leases are government by UCC Article 2A, an intricate set of provisions governing their validity, treatment, and enforcement. If the lease is not properly drafted to comply with the UCC, it risks being re-characterized as a sale or a security interest, which give rise to substantially adverse financial and tax consequences. This program will also provide you with a practical guide to reviewing equipment leases, including spotting red flags and avoiding re-characterization.
Handout Materials will be emailed to you prior to the seminar
1.0 MCLE Credit Hour
Steven O. Weise, Proskauer Rose, LLP – Los Angeles