Law of Property Act 1925: Key legislation governing interests in property and trust arrangements, essential for establishing the legal framework of the escrow relationship
Trustee Act 2000: Defines the duties and powers of trustees/escrow agents, setting standards for their conduct and responsibilities
Financial Services and Markets Act 2000: Relevant when the escrow arrangement involves regulated financial activities or services
Common Law Contract Principles: Fundamental principles governing contract formation, offer, acceptance, consideration, and intention to create legal relations
Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, ensuring fairness in contractual relationships
Consumer Rights Act 2015: Applicable if one party is a consumer, providing additional protections and rights
Money Laundering Regulations 2017: Regulations concerning anti-money laundering requirements and due diligence procedures
Proceeds of Crime Act 2002: Legislative framework addressing money laundering and proceeds of crime, relevant for escrow agent's due diligence
UK General Data Protection Regulation: Governs the processing and handling of personal data within the escrow arrangement
Data Protection Act 2018: UK's implementation of data protection requirements, working alongside UK GDPR
Banking Act 2009: Relevant when escrow arrangements involve banking institutions or banking services
Payment Services Regulations 2017: Governs payment services and electronic money institutions if relevant to the escrow arrangement
Electronic Communications Act 2000: Provides legal framework for electronic signatures and communications in contracts
Electronic Commerce Regulations 2002: Governs electronic commerce aspects of the agreement if conducted through electronic means
