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Uniform Commercial Code

Business transactions across the country, whether large or small, are required to conform to rules. The Uniform Commercial Code (UCC) is a large and complicated set of rules and laws that all 50 States and the U.S. Territories have adopted. Their intent is to standardize commercial transactions and ensure the enforceability of business contracts and agreements; but when disputes arise, the prospect of navigating and understanding this complex set of rules can be intimidating.

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The UCC is comprehensive and expansive, covering the full range of business transactions. This includes the following topics:

  • Banking Transactions (deposits, funds transfers, etc.)
  • Purchase and Sale of Goods
  • Leases
  • Transactions involving letters of credit
  • Investment securities

Each article of the UCC contains very fine detail, with specific rules and laws designed to cover any type of possible business transaction. Over the decades, revisions and additions have added further complexity. Navigating these precise details can be an intimidating prospect, especially when time-sensitive disputes arise. Our team at Hampton & Pigott can be your guide through this landscape, helping you to understand your situation and the options at your disposal. Contact us today if you need help understanding the UCC.

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Akshay Pradhan

Akshay is licensed to practice before all Colorado county and district courts, the Colorado Court of Appeals, and the Colorado Supreme Court. He is a member of the Colorado Bar Association and South Asian Bar Association. Mr. Pradhan advises business organizations, both for-profit and non-profit, on governance, compliance, reorganizations, discrimination cases, estate planning matters, tax matters, and other general civil matters.
Email akshay@hamptonpigott.comPhone (720) 388-1800