Deposit Account Control Agreement
A Deposit Account Control Agreement that perfects a lender's interest in a bank account and defines who may direct the funds and when.
Every provision is there for a reason, and we can tell you what each one does. A full custom draft prepared from your transaction, your counterparty, and the risks that are actually in front of you.
Frequently asked questions
The fee covers the finished document, filing-ready or send-ready as applicable, the supporting exhibits or attachments described in the scope, and a short cover memorandum explaining the choices made. It is fixed at this scope: one account. 2 rounds of revisions are included. If your matter falls outside that scope we tell you before starting and quote the difference — we do not bill past a flat fee without agreeing it first.
3 to 5 business days from a complete set of instructions, plus time for the 2 rounds of revisions included in the fee. If you are working to a court deadline or a closing date, tell us when you order and we will confirm in writing whether we can meet it before you commit.
$1,625 is $325/hour × 5 hours — the time this deliverable takes in an ordinary lending matter, at the firm's standard rate. Because it is a flat fee, the risk of the work running long sits with the firm: you pay $1,625 whether it takes us the estimate or twice it.
Third-party costs are never inside a flat fee and are passed through at cost, never marked up: court and agency filing fees, court reporter and transcript charges, expert witness fees, search vendor and e-discovery hosting charges, process server fees, and travel.
The business terms you have agreed so far, the counterparty and which side of the deal you are on, any existing draft, term sheet, or prior agreement, and your risk tolerance on the provisions that matter most to you. Send what you have — if something is missing we will tell you what else we need before the turnaround clock starts.
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Other Lending work MC Law prepares on a flat fee.
Accounts Receivable Factoring Agreement — Review and Redline (Borrower Side)
A borrower-side markup of an Accounts Receivable Factoring Agreement you have been handed, the agreement that sells receivables for immediate cash with recourse, reserve, and notification terms clearly allocated.
Accounts Receivable Factoring Agreement — Review and Redline (Lender Side)
A redline of the counterparty's Accounts Receivable Factoring Agreement prepared for the lender, covering the document that sells receivables for immediate cash with recourse, reserve, and notification terms clearly allocated.
Accounts Receivable Factoring Agreement (Short Form)
A short-form Accounts Receivable Factoring Agreement that sells receivables for immediate cash with recourse, reserve, and notification terms clearly allocated, written for speed without leaving the important terms out.
Loan Modification and Amendment Agreement
A custom-drafted Loan Modification and Amendment Agreement that changes rate, term, or covenants without inadvertently releasing collateral or guarantors.