WARN Act: Federal Worker Adjustment and Retraining Notification Act requiring employers to provide advance notice of mass layoffs or plant closings
FLSA: Fair Labor Standards Act governing wage, overtime, and employment standards that must be considered during business termination
ERISA: Employee Retirement Income Security Act regulating employee benefit plans during business transitions
COBRA: Consolidated Omnibus Budget Reconciliation Act ensuring continuation of health coverage after employment termination
NLRA: National Labor Relations Act protecting employees' rights during business transitions and sales
State WARN Acts: State-specific versions of WARN Act, often with more stringent requirements than federal law
UCC: Uniform Commercial Code governing commercial transactions and business sales
Securities Exchange Act: Federal law governing securities transactions in business sales, particularly relevant for stock purchases
Internal Revenue Code: Tax provisions affecting business sales and employee termination benefits
State Corporate Laws: State-specific regulations governing business sales and corporate transitions
State Labor Laws: State-specific requirements for employee termination and protection during business sales
Collective Bargaining Agreements: Existing labor agreements that must be considered and addressed in the termination process
Employment Agreements: Existing individual employment contracts that need to be addressed in the termination process
Asset Transfer Provisions: Legal requirements governing the transfer of business assets during a sale
Successor Liability Rules: Legal principles determining the acquiring company's liability for the seller's obligations
