Sale of Goods Act 1979: Primary legislation governing sale of tangible business assets, including implied terms about title, description, quality, and fitness for purpose
Supply of Goods and Services Act 1982: Legislation applicable when services form part of the business assets being transferred
Companies Act 2006: Covers corporate governance requirements, share transfer provisions, and directors' duties in business transactions
Transfer of Undertakings (Protection of Employment) Regulations 2006: Known as TUPE, governs employee rights and obligations during business transfers, including transfer of employment contracts
Value Added Tax Act 1994: Covers VAT implications of asset transfers and VAT registration requirements in business sales
Data Protection Act 2018 and UK GDPR: Regulates the transfer of customer and employee data, ensuring data protection compliance during business asset transfers
Trade Marks Act 1994: Governs the transfer of trademark rights as part of business assets
Copyright, Designs and Patents Act 1988: Regulates the transfer of intellectual property rights including copyrights, designs, and patents
Patents Act 1977: Specific legislation governing the transfer of patent rights in business asset sales
Property Law Act 1925: Relevant when real property is included in the business assets being transferred
Finance Act: Covers tax implications and Stamp Duty Land Tax considerations in business asset transfers
Competition Act 1998: Applicable to larger transactions that might affect market competition, ensuring compliance with competition law
