Begun in 1993 this center within the College of Law is responsible for the curricular concentration in business and transactional law. The first group of students to complete the concentration graduated in 1996, and the center was dedicated October 18, 1995, with Sam Furrow (1969 law graduate) as speaker.
The center is named in honor of James L. Clayton, a 1964 graduate of the College of Law, who founded Knoxville-based Clayton Homes. As part of its mission to keep transactional practitioners informed about new developments, a journal, Transactions, has been published twice yearly since 1999.