Uniform Partnership Act (UPA) and Revised Uniform Partnership Act (RUPA): Federal legislation providing the basic framework for partnership formation, operation, and dissolution. RUPA is the modern version adopted by most states.
Federal Agency Law: Fundamental principles governing the relationship between principals and agents, including authority, duties, and liability.
Securities Exchange Act: Federal law that may apply if the partnership involves securities or investment activities.
Internal Revenue Code: Federal tax regulations affecting partnership taxation, income distribution, and reporting requirements.
Federal Antitrust Laws: Sherman Act and Clayton Act provisions preventing anti-competitive behavior and monopolistic practices.
State Partnership Acts: State-specific legislation governing partnership formation, operation, and dissolution within the particular state.
State Agency Laws: State-specific regulations governing agency relationships, including licensing and registration requirements.
Industry-Specific Regulations: Specialized rules and licensing requirements for particular industries or professional services.
Fair Labor Standards Act: Federal employment law governing wages, hours, and employment practices that may affect agency partnerships.
Independent Contractor Regulations: Federal and state rules distinguishing independent contractors from employees, crucial for agency relationships.
State Contract Law: General principles of contract formation, enforcement, and remedies specific to the governing state.
Statute of Frauds: Legal requirement that certain contracts, including some agency agreements, must be in writing to be enforceable.
Liability Provisions: Laws governing limited liability, professional liability, and insurance requirements for partnerships and agencies.
Intellectual Property Laws: Federal and state regulations protecting trademarks, copyrights, and trade secrets within the agency partnership context.
