Uniform Commercial Code (UCC): Primary law governing sales and commercial transactions in the US, particularly Article 2 (sale of goods) and Article 9 (secured transactions). Each state may have specific UCC variations.
State Contract Laws: State-specific laws governing contract formation, statute of frauds requirements, and performance obligations. These vary by jurisdiction.
Federal Trade Laws: Including FTC regulations and consumer protection laws, particularly the Magnuson-Moss Warranty Act for consumer goods transactions.
Property Laws: State-specific laws governing property transfers, recording requirements, and zoning regulations. Crucial if real estate is involved in the transaction.
Securities Laws: Including Securities Act of 1933, Securities Exchange Act of 1934, and state 'Blue Sky' laws. Relevant when selling business shares or securities.
Tax Regulations: Federal Internal Revenue Code, state tax regulations, and local tax requirements that may affect the transaction structure and reporting obligations.
Environmental Laws: Including CERCLA and state environmental regulations. Particularly important in transactions involving property or businesses with environmental impacts.
Industry-Specific Regulations: Specific regulations that may apply depending on the nature of goods or services being transferred in the transaction.
Antitrust Laws: Including Sherman Act, Clayton Act, and Hart-Scott-Rodino Act for large transactions. Ensures compliance with competition laws and reporting requirements.
