Sale of Goods Act 1979: Key legislation governing the sale of assets within the business sale, including implied terms about title, quality, and fitness for purpose
Companies Act 2006: Governs company-related aspects including authority requirements, execution of documents, and registration requirements for registered companies
Transfer of Undertakings (Protection of Employment) Regulations 2006: Regulates employee rights and obligations during business transfers, including the automatic transfer of employment contracts (TUPE)
Value Added Tax Act 1994: Covers VAT implications of the business sale and treatment of different assets within the transaction
Finance Act (various): Addresses tax considerations including Capital Gains Tax implications of the business sale
Misrepresentation Act 1967: Governs warranties and representations made during the sale process
Data Protection Act 2018 and UK GDPR: Regulates the transfer of customer and employee data and ongoing data protection obligations
Competition Act 1998: Addresses competition law considerations in business sales
Property Law Act 1925: Relevant when the business sale includes real property assets
Contracts (Rights of Third Parties) Act 1999: Governs third-party rights considerations in the business sale agreement
