Photo of Chauncey C. Mayfield IIPhoto of Chauncey C. Mayfield II

Chauncey C. Mayfield II

Partner
Auxiliary Member, Board of Directors

Education

University of Michigan Law School, J.D.
  • cum laude; Michigan Real Property Book Award
  • Henry M. Campbell Moot Court Competition, Quarterfinalist
Purdue University, B.A.
  • Political Science
  • Certificate in Entrepreneurship and Innovation

Prior Employment

  • General Counsel, P.C. (2012-2013)

Bar Admissions

Professional Affiliations

American Bar Association

  • Young Lawyer Division
  • Business Law Section

District of Columbia Bar Association

Overview
Experience
Community
News & Resources
Honors

Overview

Chauncey C. Mayfield II is a corporate attorney who focuses his practice on representing entrepreneurs and private and public companies on a variety of matters, including acquisitions and dispositions, financings, commercial contract negotiations, supply-chain management, out of court restructurings, commercial bankruptcy, and general corporate law.

  • Advises clients in domestic and international complex commercial transactions including drafting, negotiating, and enforcing a variety of commercial contracts regarding the purchase and sale of goods and services, developing and reviewing terms and conditions of purchase and sale, and providing general legal advice to senior executives, management personnel, and their staff regarding transaction structures, commercial disputes, financially distressed suppliers, and supply-chain issues
  • Counsel clients on information technology, business process, and third party administration outsourcing and purchasing agreements
  • Represents clients in entity formation, corporate finance and capital market transactions, joint venture agreements, and general corporate governance
  • Provides guidance to borrowers and lenders on corporate finance transactions including drafting, negotiating, and advising on a variety of loan and security agreements, promissory notes, guarantees, intercreditor and subordination agreements, participation agreements, and equipment leases
  • Assists creditors and debtors in commercial bankruptcy, financial restructuring, liquidations, and loan workouts
  • Serves as firm’s Hiring Partner—Associates and Summer Associates
  • Serves as an auxiliary member on the firm’s Board of Directors and member of the following firm committees: Diversity and Inclusion Committee, Committee on Minority Attorney Initiatives, 20/20 Visioning Committee

Experience

General Commercial Contracting and Business Process Outsourcing

  • Represented clients in drafting and negotiating various forms of domestic and international supply contracts, service agreements, consumer and non-consumer warranties, and terms and conditions of purchase and sale for a variety of goods and services including direct materials, indirect materials, engineering and non-engineering services, tooling, and capital equipment in the automotive, defense, general manufacturing, retail, building supply, and other industries
  • Represented clients in information technology transactions including intellectual property license agreements, software development agreements, and software as a services agreements
  • Represented clients in drafting and negotiating logistics (freight forward, broker, truck load, and less than truck load), warehousing, and bailment agreements
  • Represented a Midwest technology firm in negotiation of master hosted services outsourcing agreement with a Fortune 500 financial institution.
  • Represented a wholly-owned financial services subsidiary of an automotive original equipment manufacturer in the negotiation and drafting of outsourcing agreements related to U.S. automobile fleet leasing and fleet management services and vehicle service contracts (extended warranties)
  • Represented international lock manufacturer in a contract manufacturing agreement for the assembly of locks in Hungary
  • Represented U.S. based Fortune 500 company in global recruitment process outsourcing agreement and related local participation agreements for Mexico, Argentina, Brazil, Chile, Colombia, Ecuador, Peru, Venezuela, Germany, Poland, Spain, United Kingdom, Russia, Australia, China, India, Indonesia, Singapore, and Korea

Automotive

  • Advised OEM and automotive suppliers on connected and autonomous vehicle supply contracts
  • Drafted and negotiated various agreements on behalf of customers for financially troubled suppliers including accommodation and access agreements, loan and security agreements, setoff limitation agreements, and various forms of letter agreements to provide various forms of financial accommodations
  • Represented supplier in the negotiation and drafting of contract manufacturing agreement with German automotive original equipment manufacturer for the assembly of luxury German passenger vehicles
  • Assisted automotive original equipment manufacturer drafting dealer sale and service agreements and warranty administration agreements
  • Represented distributor contracting with U.S. automotive original equipment manufacturer for the distribution of vehicles in China

Bankruptcy and Restructuring

  • Advised Capitol Bancorp Ltd., a national bank holding company with total assets of approximately $2 billion, in its Chapter 11 reorganization
  • Represented General Motors in connection with the global insolvency proceedings and restructuring of Takata Corporation, including the Chapter 11 cases of TK Holdings, Inc. and its debtor affiliates, the Chapter 15 cases of Takata Corporation and its foreign-debtor affiliates, and the sale of substantially all of Takata's assets to Key Safety Systems
  • Represented various customers and suppliers in Chapter 7 and Chapter 11 bankruptcies
  • Represented commercial lenders in the foreclosure, sale, and other enforcement actions of a borrower’s assets including assisting in advising on related litigation

Health Care and Employee Benefit Outsourcing

  • Represented client in the negotiation and drafting of a direct contract with a Michigan based hospital system that was the first direct to employer contract of its kind in southeast Michigan
  • Advised sponsors of small, medium, and large self-insured group healthcare plans with salaried, hourly, and union represented employees in negotiating and drafting third party administration agreements with health insurers and health care providers in the following areas and other related areas:
    • Medical
    • Pharmacy Benefit Management
    • Dental
    • Vision
    • Disability and Workers Compensation
    • Mental Health and Substance Abuse
    • Disease Management
    • Wellness Management
  • Represented clients in employee benefit outsourcing arrangements in the following and other related areas:
    • Defined Contribution (401k), Defined Benefit (Pension), and Health and Welfare Services
    • Background Checks
    • Domestic and International Relocation Services
    • Health Savings Accounts (including FSA and HRA)

Corporate and Finance

  • Assisted private equity client in an add-on acquisition of a technology company
  • Represented group of investors in a Series B financing of a California bio-medical company
  • Represented MI regional bank in revolving loan facility to Michigan scrap re-seller.
  • Represented MI regional bank in a secured loan facility to Michigan hardware store
  • Represented commercial finance company in various asset-based secured financing transactions

Community

Detroit Historical Society, Board of Trustees

News & Resources

Publications

Honors

  • Michigan Super Lawyers, Recognized as a Rising Star, 2016-2019
  • Michigan Chronicle Men of Excellence, 2017
  • 2013 Lawyers of Color “Hot List” (Midwest Region)