How a Business Hired a Lawyer to Draft a Security Agreement in Wyoming

In 2025, a business in Wyoming sought assistance in drafting a Security Agreement tailored to comply with state law. The client's primary objective was to adapt a previously successful agreement from California for use within Wyoming, ensuring that it effectively secured lenders’ pro-rata rights in various legal proceedings related to an ongoing case. The project required a comprehensive and detailed approach, focused on incorporating essential provisions such as distribution waterfalls, anti-assignment checks, and UCC perfection strategies. As a result, the client received one proposal from a qualified attorney, with the flat fee bid priced at $750 to undertake the work. The proposal was submitted to meet the client's urgent deadline of less than one week, demonstrating the attorney's commitment to timely service and legal expertise in the area of