Consumer Credit Act 1974: Primary legislation regulating credit agreements and installment payment arrangements. Key aspects include requirements for information disclosure and cooling-off periods, particularly relevant when one party is a consumer.
Consumer Rights Act 2015: Governs fairness of contract terms, transparency requirements, and provides core consumer protections. Essential for ensuring the contract terms are fair and transparent.
Late Payment of Commercial Debts (Interest) Act 1998: Applicable to business-to-business transactions, establishing statutory interest rates and compensation for late payments in commercial contracts.
Unfair Contract Terms Act 1977: Sets limitations on exclusion clauses and establishes reasonableness test for contract terms. Critical for ensuring enforceability of contract provisions.
Financial Services and Markets Act 2000: Relevant for agreements involving regulated financial activities, including licensing requirements and regulatory compliance.
Consumer Protection from Unfair Trading Regulations 2008: Prohibits unfair commercial practices and ensures transparency in financial dealings, protecting consumers from misleading terms or practices.
Limitation Act 1980: Establishes time limits for bringing claims and is relevant to payment schedules and defaults. Important for defining contractual time frames.
Common Law Principles: Fundamental legal principles covering contract formation, consideration, breach and remedies that form the backbone of contract law in England and Wales.
