Law of Property Act 1925: Primary legislation governing the transfer of property and interests in property. Sets out the formalities required for contracts involving property transactions.
Contracts (Rights of Third Parties) Act 1999: Legislation governing how third parties may enforce terms of a contract. Particularly relevant for escrow arrangements where third parties are involved in holding and transferring assets or funds.
Consumer Rights Act 2015: Legislation protecting consumer rights and determining fairness of contract terms when one party is acting as a consumer rather than a business.
Financial Services and Markets Act 2000: Regulatory framework for financial services in the UK, relevant when escrow agents provide regulated financial services.
Common Law of Contract: Body of law establishing fundamental principles of contract formation including offer, acceptance, consideration, intention to create legal relations, and capacity to contract.
Money Laundering Regulations 2017: Regulations requiring due diligence, identity verification, and source of funds verification in financial transactions.
Data Protection Act 2018 and UK GDPR: Legislative framework governing the handling of personal data, including privacy requirements and data security obligations for parties involved in the contract.
