Equality Act 2010: Primary legislation defining disability, protecting against discrimination, and setting requirements for reasonable adjustments in business contexts. Critical for establishing the qualifying conditions for disability triggers in the agreement.
Companies Act 2006: Core legislation governing business structures, share transfers, corporate decision-making processes, and shareholders' rights. Essential for structuring the buy-sell mechanics.
Mental Capacity Act 2005: Legislation addressing decision-making capacity, disability status determination, and powers of attorney considerations. Relevant for establishing disability triggers and decision-making protocols.
Partnership Act 1890: Governs partnership arrangements, including partner rights and obligations. Applicable if the buy-sell agreement involves business partnerships rather than corporations.
Financial Services and Markets Act 2000: Regulates insurance aspects, financial arrangements, and professional advice requirements related to the buy-sell agreement funding and execution.
Income Tax Act 2007: Tax legislation governing income tax implications of share transfers and insurance proceeds in buy-sell agreements.
Capital Gains Tax Legislation: Tax provisions affecting capital gains implications of business interest transfers under buy-sell agreements.
Corporation Tax Act 2010: Tax legislation covering corporate tax implications, business asset disposal relief, and treatment of insurance proceeds in corporate contexts.
Contract Law Principles: Common law principles governing contract formation, including offer, acceptance, consideration, and capacity to contract, essential for agreement validity.
