Protecting Liens & Bond Collateral in Minnesota

The Minnesota Short Course; protecting lien and bond collateral is intended to review or refresh construction industry professionals on the fundamentals of lien and bond law in Minnesota and to share some tips and traps drawn from experience.  The program emphasizes the concept of the right to have a lien or bond claim as a form of “collateral for the extension of the credit essential to construction.  Lien and bond rights are not self-executing.  They need early attention to the steps to gather and correctly analyze project information to identify and protect those rights.  The course will also cover the requirements for Notice to Owner and perfecting and enforcing a claim where that becomes necessary.

Jim Sander, Esq.

James Sander is a member of the Construction Litigation section of Larkin Hoffman’s Real Estate Litigation Group with special emphasis in construction litigation, mechanic liens and surety bond claims. Applying 40 years of experience, Mr. Sander works with clients in the construction industry as an adviser and advocate. He practices law in Minnesota, Wisconsin and North Dakota applying more than 40 years of experience working with clients across the construction industry as an adviser, an advocate and a speaker to construction industry groups on lien bond and construction issues.

Mr. Sander is a 1976 graduate of the University of Minnesota Law School and a member of the Bars of Minnesota, Wisconsin and North Dakota. During his years in practice, he has tried to help the industry understand the lien and bond rights as collateral and how to take the early steps to protect and preserve those rights so they are available if needed. Thoughtful use of lien and bond protections is actually a way for the financial services department of suppliers and contractors to say “yes” to customers that would not otherwise qualify while actively preserving the receivables which are one of a company’s most important assets.