Financial Services and Markets Act 2000: Primary legislation for financial services regulation in the UK. Crucial if the transaction fee relates to regulated financial activities. Includes requirements for FCA authorization and regulation.
Financial Services Act 2012: Updates to financial services regulation and includes important consumer protection provisions that may affect fee arrangements.
Consumer Rights Act 2015: Key legislation for consumer protection, particularly relevant if one party is a consumer. Covers fairness of terms and transparency requirements in contracts.
Unfair Contract Terms Act 1977: Governs the reasonableness of contract terms and places limitations on exclusion clauses. Essential for ensuring fee terms are fair and enforceable.
Money Laundering Regulations 2017: Relevant for regulated financial services, including due diligence requirements that may affect payment terms and client verification.
Common Law Contract Principles: Fundamental contract law principles including offer, acceptance, consideration, intention to create legal relations, and capacity to contract.
Bribery Act 2010: Contains anti-bribery provisions and considerations for corporate hospitality that may affect how transaction fees are structured and paid.
VAT Act 1994: Covers tax implications of fees and VAT registration requirements that may affect the calculation and payment of transaction fees.
