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Contracts Act 1999: Primary legislation governing formation and enforcement of contracts in England and Wales

Late Payment of Commercial Debts (Interest) Act 1998: Legislation governing interest on late commercial payments and compensation for debt recovery costs

Consumer Credit Act 1974: Regulates credit agreements involving consumers and provides consumer protection measures

Limitation Act 1980: Sets statutory time limits for bringing legal claims relating to contracts and debts

Consumer Rights Act 2015: Key regulation protecting consumer rights in contracts and ensuring fairness in consumer transactions

Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts

Unfair Terms in Consumer Contracts Regulations 1999: Protects consumers against unfair standard terms in contracts with traders

Consideration Doctrine: Common law principle requiring exchange of value between parties for contract validity

Contractual Capacity: Common law principle determining parties' legal ability to enter into binding contracts

Legal Relations Doctrine: Common law principle requiring parties' intention to create legally binding obligations

Offer and Acceptance: Common law principles governing how valid contracts are formed through agreement

Interest Rate Compliance: Requirements for lawful interest rates and compliance with usury laws

Default Provisions: Terms specifying consequences and remedies in case of payment default

Payment Terms: Specifications for payment schedule, mechanisms, and conditions

Security Arrangements: Optional provisions for securing the payment obligation through collateral or guarantees