Model UCC

Model UCC (Uniform Commercial Code) is a standardized set of laws in the United States that governs commercial transactions, especially the sale of goods, security interests, and negotiable instruments. Its purpose is to create a consistent legal framework across states, making it easier for businesses to conduct and understand transactions involving personal property and services. Essentially, it provides clear rules about contracts, ownership rights, and the transfer of property, helping prevent disputes and ensuring that parties know their legal rights and obligations in commercial dealings.