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Every day, every week, businesses engage in millions of transactions involving the sale of goods. Most of these transactions are performed without legal counsel and often without contractual documentation. Article 2 of the Uniform Commercial Code (UCC) governs many of these routine transactions.
The UCC was designed to standardize laws involving sales and other commercial transactions throughout the United States; it provides a uniform set of rules intended to govern certain business transactions. These laws can apply to sales or leases of goods, the interpretation of negotiable instruments, bank deposits, letters of credit, bills of lading, secured transactions, and more.
Claims under the UCC are disputes that arise out of commercial sales due to one party's non-compliance with the terms of the contract. For example, a business transaction may be initiated when one party issues a purchase order, but the responding party sends an invoice with different terms and conditions. The UCC is intended to provide a basis to determine how, when, and which terms govern the transaction and the outcome of any resulting litigation.
The UCC is a complicated set of rules and few lawyers both understand these rules and can apply them to situations. At SSP, we have developed this unique skill set and have in-depth knowledge of the UCC.
The business and litigation attorneys at SSP are called upon to handle disputes over the formation and interpretation of contracts, the perfection of security interests, breaches of warranties, limitations on damages, available remedies, and many other issues that require a determination of whether—and if so, how—the UCC applies.
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FEATURED LAWYER
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| JEFFREY M. NYE |
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