Uniform Commercial Code (UCC): Primary law governing sales of goods, secured transactions, and contract formation. Key sections include Article 2 for sale of goods and Article 9 for secured transactions.
State-Specific Contract Laws: Individual state regulations governing contract formation, enforceability, and Statute of Frauds requirements. Varies by jurisdiction within the United States.
Federal Antitrust Laws: Including Sherman Antitrust Act, Clayton Act, and Federal Trade Commission Act. Governs competition and prevents monopolistic practices in business transactions.
Consumer Protection Laws: Federal Trade Commission regulations and state consumer protection statutes ensuring fair business practices and consumer rights protection.
Securities Laws: Including Securities Act of 1933, Securities Exchange Act of 1934, and state 'Blue Sky' laws. Applicable if the transaction involves securities or regulated investments.
Tax Considerations: Internal Revenue Code, state/local tax regulations, and sales tax requirements affecting business transactions and transfers.
Intellectual Property Laws: Patent Act, Copyright Act, Trademark Act, and Trade Secrets Protection laws governing the transfer or licensing of intellectual property assets.
Environmental Regulations: Environmental Protection Agency regulations and state environmental laws, particularly relevant if the business involves environmental impacts or compliance requirements.
Employment Laws: Fair Labor Standards Act, state employment laws, and WARN Act requirements, particularly important if the business sale includes employee transfers.
Privacy Laws: Data protection requirements and industry-specific privacy regulations governing the handling and transfer of sensitive information.
