Uniform Commercial Code (UCC): Primary source of commercial law in the US, particularly Article 2 (Sale of Goods) and Article 9 (Secured Transactions). Essential for governing commercial transactions and establishing uniform standards across states.
Federal Antitrust Laws: Including Sherman Antitrust Act, Clayton Act, and Federal Trade Commission Act. These laws regulate competition and prevent monopolistic practices in trade agreements.
International Trade Regulations: Including Foreign Trade Regulations (FTR), Export Administration Regulations (EAR), International Traffic in Arms Regulations (ITAR), Trade Agreements Act, and Buy American Act. Essential for international trade aspects.
Contract Law Principles: Common law principles governing contract formation, including Statute of Frauds requirements and basic elements of contract validity (offer, acceptance, consideration, capacity).
Consumer Protection Laws: Federal and state-specific consumer protection statutes that safeguard consumer interests and regulate business practices in consumer transactions.
Electronic Commerce Laws: Including E-SIGN Act and UETA, governing electronic signatures and digital transactions in commercial agreements.
Data Privacy and Security Regulations: Federal and state-specific requirements for protecting sensitive information and maintaining data security in commercial relationships.
Industry-Specific Regulations: Specialized regulations depending on the industry sector (e.g., FDA regulations for food/medical supplies, financial regulations for banking sector).
State Contract Laws: Specific state-level contract laws and regulations that may affect the agreement's interpretation and enforcement.
International Conventions: Relevant international trade conventions and treaties that may impact cross-border aspects of the trade agreement.
Tax Regulations: Federal, state, and local tax implications and requirements affecting trade relationships and transactions.
Dispute Resolution Framework: Laws governing dispute resolution mechanisms, including litigation, arbitration, and mediation provisions.
Force Majeure Regulations: Laws and precedents governing force majeure provisions, particularly important in light of recent global events like COVID-19.
