Uniform Commercial Code Litigation
Our attorneys can represent you, help resolve your UCC claim
Many rules and regulations apply to most business transactions. Right near the top of the list is the Uniform Commercial Code (UCC). When doing business, it’s important for companies to make sure their business practices comply with the UCC. Otherwise, they could encounter serious legal obstacles, including becoming involved in an expensive and time-consuming business litigation matter.
Our attorneys at Eller Tonnsen Bach, LLC thoroughly understand the UCC and can advise your business on any legal matters related to this area of business law. Our knowledge and expertise in such cases comes from our extensive experience working with businesses of all sizes involved in such complex legal matters. As your lawyer, we can work with you to develop a strategy designed to resolve your legal issues in a timely, cost-effective manner.
What is the Uniform Commercial Code?
The Uniform Commercial Code (UCC) is a collection of rules and regulations designed to make interstate commerce seamless and universal nationwide. Each law is adopted on a state-by-state level and applies to most business transactions.
The first uniform commercial law – the Uniform Negotiable Instruments Law – was created in 1896 by the Uniform Law Commission. Soon after, every state adopted the law. Other commercial codes were adopted over the years before a more comprehensive UCC was first drafted in 1942 by the Uniform Law Commission and the American Law Institute.
In general, the UCC governs the sale or lease of most goods nationwide, as well as bank deposits, letters of credit and sales contract warranties for most commercial goods. The UCC does not apply to certain business contracts, including real estate contracts and employment contracts.
What are common UCC legal cases?
Legal cases involving the UCC can cover a wide range. In general, many UCC claims involve disputes that arise due to one party failing to abide by the terms of a binding business contract. Such disputes often involve the sale of goods. Article 2 of the UCC often comes into play in such business litigation matters as well.
Examples of common UCC disputes include:
- Breach of warranty disputes.
- Disputes involving the interpretation or formation of business contracts.
- Disputes involving the negotiated price of products.
Many other legal issues often come up in such cases. It’s also important to remember that the UCC is not a standardized, federal law. Instead, each state may have its own unique version of the UCC. That’s why it’s critical that you consult with a lawyer familiar with the UCC in the state (or states) where your company is doing business.
What options exist for resolving such cases?
Many solutions often apply depending on the nature of your UCC claim. Such options may include:
- Hiring a mediator or arbitrator to resolve the contract dispute.
- Negotiating a financial settlement that resolves the dispute between the businesses.
- Filing a lawsuit for breach of contract or whatever is the nature of the UCC claim.
Don’t underestimate the complexity or the urgency of your UCC claim. Make sure you have an attorney who understands the rules and regulations that apply in your state. That way, you can pursue a positive resolution that addresses your specific situation.
Rely on us to resolve your legal case
Our law firm has represented many businesses, large and small, embroiled in a wide range of complex legal battles. We’re familiar with the UCC rules and regulations that apply in South Carolina, North Carolina and many other states.
As your legal team, we can thoroughly explore different legal options available to your business. That way, you can make informed decisions about how best to proceed in order to resolve your legal matter.
Some of the options you may want to consider to resolve your UCC claim may include negotiating a financial settlement, obtaining a summary judgment or taking other legal action. Whatever course of action you decide to pursue, you can count on us to work towards the right result for your business. Contact our law firm and discover what we can do for you. Schedule an appointment at one of our three office locations in South Carolina and North Carolina.