Law of Property (Miscellaneous Provisions) Act 1989: Governs formalities for contracts for sale, particularly Section 2 which sets out requirements for written contracts in property transactions
Common Law Contract Principles: Fundamental principles governing contract formation including offer, acceptance, consideration, and intention to create legal relations
Sale of Goods Act 1979: Regulates the sale of goods aspects of business transfers, particularly relevant if business assets include physical goods
Supply of Goods and Services Act 1982: Governs the provision of goods and services, relevant for ongoing business contracts and warranties
Transfer of Undertakings (Protection of Employment) Regulations 2006: Protects employees' rights when a business transfers to new ownership (TUPE regulations)
Financial Services and Markets Act 2000: Regulates financial arrangements and services, particularly relevant if the business involves regulated financial activities
Money Laundering Regulations 2017: Sets out requirements for due diligence and prevention of money laundering in business transactions
Law of Property Act 1925: Fundamental property law legislation relevant if the business sale includes real estate assets
Land Registration Act 2002: Governs the registration of land and property rights, applicable if the business includes real estate
Consumer Rights Act 2015: Protects consumer rights and may be relevant to ongoing business obligations post-sale
Consumer Protection from Unfair Trading Regulations 2008: Protects against unfair business practices, relevant for business reputation and ongoing compliance
Companies Act 2006: Primary legislation governing company operations and share transfers in the UK
Value Added Tax Act 1994: Governs VAT implications of business sales and asset transfers
UK GDPR: Regulates the processing and transfer of personal data, crucial for business transfers involving customer or employee data
Data Protection Act 2018: UK's implementation of data protection requirements, working alongside UK GDPR
