Consumer Credit Act 1974: Primary legislation governing consumer credit arrangements in the UK. Must be considered if the trade credit agreement has any consumer credit elements.

Late Payment of Commercial Debts (Interest) Act 1998: Legislation that provides for statutory interest on late payments in commercial transactions and sets out the framework for claiming interest on overdue payments.

Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, ensuring fairness in contractual relationships.

Consumer Rights Act 2015: Key legislation protecting consumer rights, relevant if the trade credit agreement involves consumers rather than purely business-to-business transactions.

Sale of Goods Act 1979: Fundamental legislation governing the sale of goods in the UK, including terms about title, description, quality, and fitness for purpose.

Supply of Goods and Services Act 1982: Legislation setting out implied terms in contracts for the supply of goods and services.

Financial Conduct Authority Regulations: Regulatory framework overseeing financial services and credit-related activities in the UK, including specific rules and guidance for credit providers.

Consumer Credit sourcebook (CONC): Part of the FCA handbook containing detailed rules and guidance for firms carrying on credit-related regulated activities.

Financial Services and Markets Act 2000: Principal legislation for financial services regulation in the UK, establishing regulatory framework and enforcement powers.

UK GDPR and Data Protection Act 2018: Legislative framework governing the processing and protection of personal data, crucial for handling customer information in credit agreements.

Money Laundering Regulations 2017: Regulations requiring businesses to implement procedures to prevent money laundering and report suspicious activities.

Enterprise Act 2002: Contains important provisions regarding insolvency and corporate behavior, relevant for credit risk assessment and enforcement.

Retained EU Law: Post-Brexit EU-derived legislation that continues to apply in UK law, including regulations affecting trade credit arrangements.

EU Directive 2011/7/EU Implementation: UK implementation of EU rules on combating late payment in commercial transactions, providing framework for payment terms and compensation.

Common Law Principles: Established case law principles governing contract formation, interpretation, and enforcement in England and Wales.