Consumer Credit Act 1974: Key legislation for consumer credit agreements, covering requirements for form and content, cooling-off periods, default provisions, and consumer protection measures. Essential if the installment agreement involves consumer credit.
Consumer Rights Act 2015: Governs fairness of contract terms, transparency requirements, and consumer protection provisions. Includes regulations on unfair terms in consumer contracts.
Financial Services and Markets Act 2000: Regulatory framework for financial services, including licensing requirements and regulatory compliance. Relevant if the installment agreement involves regulated financial activities.
Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing late payment in commercial transactions, including statutory interest rates and compensation provisions for late payment between businesses.
Limitation Act 1980: Sets time limits for bringing claims and limitation periods for debt recovery actions under the agreement.
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices and misleading actions or omissions in business-to-consumer transactions.
Data Protection Act 2018 and UK GDPR: Legislation governing personal data processing, requiring privacy notices and appropriate data protection clauses in agreements involving personal information.
Contracts (Rights of Third Parties) Act 1999: Governs third-party rights and enforcement provisions in contractual agreements.
Misrepresentation Act 1967: Provides remedies for false statements and misrepresentations made during contract formation.
Consumer Contracts Regulations 2013: Covers information requirements, cancellation rights, and additional charges in consumer contracts, including distance selling provisions.
