Everyday, KTF Law helps bring the dreams of business owners to life by guiding them through the new construction process. Anyone new to construction law is in for a brain numbing experience. It seems that every city, county, and state has specific regulations that must be met when it comes to commercial construction. In most cases, business owners have limited knowledge of legal issues in construction and our business lawyers support them throughout this confusing process.
While commercial construction laws and regulations may differ based on location, the Uniform Commercial Code (UCC) works to standardize many aspects of your business once it’s up and running. The UCC was first published in 1952 with the goal to harmonize sales and commercial transaction laws across the United States. Since its inception, the UCC’s nine articles have been continually revised to meet our country’s changing economy. These articles provided legal explanations of:
- Sales and Leases
- Negotiable Instruments
- Bank Deposits and Funds Transfers
- Letters of Credit
- Bulk Sales/Transfers
- Warehouse Receipts, Bills of Lading, and Title Documents
- Investment Securities
- Secured Transactions
Access the complete Uniform Commercial Code here.
At its basis, the UCC provides a framework for how sales and commerce is to take place in the United States. As a business owner, it’s important to have a basic understanding of these business laws and apply them to your venture. Take some time to read through the various articles then contact KTF Law with any questions you may have. Our professional team of Minneapolis business lawyers is ready to help interpret the UCC and apply it directly to your specific business.
Starting a business can be hectic and confusing, but it can also be the most challenging and rewarding undertaking. Whether your looking to build new construction, gain business legal advice, or better understand the UCC, trust our Minneapolis law firm to provide expert advice to set you on track for success!