Impact of Business Law on Business Organizations

This document discusses the different sources of law, the role of government in law making, and the potential impact of company, employment, and contract law on business organizations. It explores how different types of business organizations can be legally formed and how they are managed and funded. The document provides specific examples and covers topics such as contract law, employment law, and the Companies Act. It is a valuable resource for understanding the legal aspects of running a business.

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TABLE OF CONTENT
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
P1 Explain the different sources of law...................................................................................................3
P2 Explain the role of government in law making and how statutory and common law is applied in the
justice courts............................................................................................................................................4
P3 Illustrate, using specific examples, how company, employment and contract law has a potential
impact upon business...............................................................................................................................6
P4 Explore how different types of business organisations can be legally formed....................................7
P5 How business organisations are managed and funded........................................................................8
P6 Recommend appropriate legal solutions available to resolve range of disputes..................................9
CONCLUSION.........................................................................................................................................11
REFERENCE............................................................................................................................................11

INTRODUCTION
Business law is an important factor which provides out the legal solution for all the civil
disputes and matters and the corporate strategies. It maintains out important fragments through
which business can be implicated and regulated by propagating the rules and regulations. It
provides out the important segments of laws like contract law, employment law, IPR etc.
Employment law is mainly a method in which employees are being protected from
discrimination and are equally be treated with the laws that are being implicated in it (Burke, and
Cowling, 2020). Contract law implicates of the agreement through which all the parties thereby
frame Equal work in a legal manner that is being enforceable under law. In this report there will
be a discussion about the English legal system in all the important relations to sources of laws.
Further it will also cover the allocations and the important areas of funding with the case
scenarios and their dispute settlement’s method.
MAIN BODY
P1 Explain the different sources of law.
Sources of law provides out a method in which all the important regulations are being
made by the government through which they can implement that all India companies in order to
maintain the welfare and growth for the individuals. This mainly helps out to maintain the
important areas in source through which both the houses and thereby implement the laws. There
are mainly primary and secondary source in law. As Primary source are mainly as follows:
 Case laws: This mainly covers out all the important primary sources which had sought to
implicate the decision that are being led by the judges for their foregoing opportunities. It
creates an important binding impact for all the important judicial precedents and all the
methods through which the legal information is being given and applied on the
subordinate courts (Palombo, 2019).
 Legislation: It pertains how to maintain the statutes through which all the important
legislative in the Parliamentary bodies in act to make the laws and they have the
important general lawmaking power for all the source of UK government and in order to
maintain the safety and also for guidance of individuals right.

Secondary source are mainly all the research work through which the primary source of
work can be analysed and being researched they are mainly of following types:
 Law journals: it provides out the important case commentaries through which the
elements like in books and the expert attitudes and the knowledge in regards to the
advancement in general matters can be covered out.
 Legal text books: these are mainly all the academic areas and sessions through which the
books are being covered and the knowledge is being given to the students who are being
studying the law and the legal aspect. It covers out articles, laws, rules, regulations and
comments through which the individual safety can be attained and there has been provide
a proper opinion of experts and writings (Jemielity, 2018).
 Parliamentary non-Parliamentary publications: this provides out the important high
command through which all the important sources regarding the Parliamentary matters
are being covered these are mainly the house of common and House of Lords paper
which are being raised in the debates. Non-Parliamentary publication in walls all the
consultation methods and papers through which the government and other agencies used
to frame out the reports for the government.
 Legal Encyclopaedia: It provides out the sources through which all the important
amendments and regarding the changes can be taken out for the working areas of legal
issues it mainly provides out the essays, KeyPoint and major issues that helps in research
work for excellent manner for instance Halsburg law of England and Wales is the best
example of it of it.
P2 Explain the role of government in law making and how statutory and common law is applied
in the justice courts
UK provides out the service and the sections through which they can implement important
strategies that are being laid in the comment section and it also helps out to frame the lawmaking
matters for the rights and individual safety in making the loss for the governmental issues. As in
order to implement any law for the society there are certain methods through which a debate is
being form and the bill is being passed to various rules and procedure which are being given as
follows:

 First reading: This is the first stage through which all the important issues regarding to
the changes and name of the bill is being let out in front of all the members of the house.
 Second reading: The important regulations regarding debate is being discussed in this
place here the purpose and the key element regarding the bill is being emerged no voting
is being taken place under this stage (Поўх, І2018).
 Committee stage: It mainly cover out all the important specific scrutiny through which
the bill is being assigned in order to check the changes for line by line method and it
helps out to suggest a important changes that are being led by the members. It provides
out the changes through which the voting can easily be made in the bill can thereby be
circulated.
 Report stage: In this stage all the important changes are being amended for the bill as
implementation of the important chances regarding the bill is being framed in the voting
is being started in this stage by the further changes.
 Third reading: Here final amendments are being taken place in order to clear and
implicate all the loopholes that are being seen in the bill while passing it in the manner
and frame.
 Consideration of amendments: It is mainly the final process which is also known as
ping-pong it covers out the changes through which the Commons used to agree on the
important terms and condition here the generals me except it or also can reject the
method and bill before giving it to the assent.
 Royal assent: When both the houses cover and pass the bill then it will there be sent to
the monarch in order to get the approval. If the approval is been taken then that will be
made for the act of parliament and it will be implicated as an important law for all.
Application in relation to start a tree and common law for justice courts
The common law helps out to make the judges to implement the laws in order to be framed
through the cases. It helps out to implement and maintain it in whole country. This mainly cover
out all the inferior courts and also create a binding impact in order to maintain the presidents
regarding to the court of records from the superior courts (Van den Boogert, 2020).
Hierarchy of courts

Subordinate court mainly cover of the magistrate court which used to deal with the minor
cases like the youth Court, family courts which cover of the family matter and a County court
which covers the civil cases.
All the senior court usually covered the appeal that are being raised in the High Court and
Supreme Court Through which all the important criminal and civil matters are being covered it
usually cover three important divisions like Chancery, Queens bench and family division. Crown
Court cover output the appellant and the original jurisdiction for the civil in the criminal matters.
All the laws in the chat you said are being made by the Parliament in order to settle the disputes
are being framed with proper skills and knowledge of the judges (Clark, and et. al., 2020).
P3 Illustrate, using specific examples, how company, employment and contract law has a
potential impact upon business.
For all the business functions it is important to regulate and implement the laws which are
being needed in order to frame the company and its advancement for the business practice they
are mainly as follows:
 Contract law: These are mainly all the important business factors which used to deal with
the buying and selling of important products and goods. It covers all the transactions
which all the important binding of legal contracts been implemented between the parties
in order to frame that there should not be any loss between the parties. For the important
rights of the parties and to frame a contract it is important to create a legal obligation
between them and also to provide them the remedies for which the breach can be
prevented. It is mainly the enforceability and the legality of all the rules that helps out to
prevent the loss in the business practises for the parties.
 Employment law: It mainly provides of the legislation through which all the employees
are being prevented from being exploited. It covers of the rights through which the
employees can be safely work in their workplace by avoiding discrimination and also
focus on proper recruitment, pay and better working conditions. This merely implements
of the rights in order to protect the workers through national minimum wages act 1998.
National equality act 2010 also helps to make the equal treatment to all the workers,

health and safety at work act helps out to provide the rights and responsibility in order to
get a safer working environment.
 Companies act: This mainly provide out the regulations through which all the important
rules are being incorporated by the company and the transparency is being covered
through the government functions. It helps out to resolute and also to maintain the
working area through management of the company this act mainly provide 16 schedules
and 1300 sections in which laws are being covered and managed properly.
P4 Explore how different types of business organisations can be legally formed.
For all the business structure it is important to confiscate the legal matters through which
the legal rights and liabilities are being implemented by the owner. It provides of the business
structure through which the financial structure, ownership ability is being framed out. All the
business structures are usually being made in order to frame the control of business, tax
implication and also to gain the expected return there are mainly four important business
organisation they are like:
 Partnership: This mainly cover of two or more individuals and person in order to share
the common rights and abilities and there will be an agreement between them as a
partners they used to cover out the important agreements through which the share the
profit and all the implementing decisions and the dispute resolution matters in the
partnership framework. It provides out the written agreement which helps to promote and
eliminate the risk factor. It provides out a written agreement through which the disputes
cannot be a rise and a partner is used to work together So that Registration can be
implemented by HMRC in order to frame all the agreements (Jelonek, and et. al., 2019).
 Sole proprietorship: This mainly provides a small business practice through which a
single person used to manage and deal with all the important business matters. It covers
management through which a proper independent working is being taken place. All
owners are being liable for the actions are being taken in the business practice and all the
financial responsibilities. Funding is tends to be limited for all such matters and it covers
of the registration to HMRC.

 Company: It is mainly all the complex organisations through which a separate legal
entity that is being distinct from all their owners are being covered not to generate the
legal formalities. It provides out the perpetual succession through which a common seal
is being adopted. The directors of the company used to manage and deal with the extent
of shares with their personal liabilities. There has been made a proper tax efficient
programs through which the director said by implicates their function and also generate
their profits for which the company is being rates. It covers out important evidence
regarding to the companies in order to make the salaries for their employees.
 Corporations: This is mainly a unique entity through which proper contractual
agreements are being made from the corporate dissolution and also to make the small
business practice to a large business firms (Borovikov, and Smolyakov, 2019).
P5 How business organisations are managed and funded.
The business organizations are formed with the sole motive of generating maximum
profitability. Each of them has a different system of management and ways of accessing funds
which makes them different from each other. The management and funding of different
businesses are narrated there under:
 Sole proprietorship: As this business consists of a single owner so the power to manage
the working and operations of it are in the hands of the owner only. Sole trader has the
power of decision making and controls every Activity of the business. This business
operates generally at a small scale so it requires less funding as compared to other
organizations. The sole proprietorship can raise the finance either by taking the bank
loans or using the personal savings in order to establish the business (Martinez-Fraga,
2020).
 Partnership: This business involves two or more persons who mutually decide to
establish the firm. The partners have the power to manage the activity of the organization
where they mutually decide the ratio in which the business activities are to be managed.
The partnership agreement states the share of profits, loss, responsibilities and decision
making power among the partners. The management rest in the hands of partners as per

the capital contribution. This form raises its finance either by opting for a bank loan all
the partners may use their personal savings in order to contribute to the capital.
 Companies: As this organization operates at large scale, it requires huge finance as
compared to other two business organisations. The companies can raise their funds from
various sources which include angel investors, venture capital, bank loans, share capital
and many others. In case there is a public company, It raises its finance by share capital
which involves inviting application from public to subscribe the shares of the company.
Its management rest in the hands of board of directors who are elected by the
shareholders in order to represent their interest. The private companies raise their funds
either by debt or equity. Management and control of the company rest in the hands of
directors who are the owners of the business (Stumpf, 2019).
P6 Recommend appropriate legal solutions available to resolve range of disputes.
Important legal solutions which are being available other than litigations as it is media time
consuming and lengthy process are being illustrated by the government of UK as an alternative
dispute resolution which is being covered in civil procedure rules 1998.
Case 1
 Legal issue: As in this case scenario the legal point is mainly that Gordon is being
entitled for all the wages of the year 2015, 2016 and 2017 info that the contract in the
employment law terms are being framed. As for the scenario it is mainly a valid contract
of employment in the parties through the variation that is being accepted by the Gordon
and freely.
 Legal solution: This mainly provides out that Gordon thereby take the help of
negotiations in order to claim in an alternative dispute resolution through which they can
thereby negotiate with each other for the beneficial solution that can arise in the parties. It
helps them out to increase and compromise in between the discussion and also to get an
alternative method.
 Justification: Gordon has agreed earlier for the contractual term on the financial
instability for company. And now the company said by taking the adequate funds they

can thereby negotiate and maintain the wages through which they can get a win-win
situation and also get an amicable solution through which the binding effect between the
parties can be framed by signing the agreement.
Case 2
 Legal issue: The major issue in this case scenario is Jain it is thereby liable in order to
paid of telephone bills for the month for their further info installation that is being
delayed. The legal position that is being holed by the company as a consumer. The main
issue was feel that there is a contract between the virgin media and Janet that they can
thereby implement the contract and also straight out the installed method through which
house of consumer can be implemented in the breach of contract.
 Legal solution: Mediation is a method that can be adopted by the party in order to
dispute resolution through which take a mutually agree on the formal communication that
is being held between the voluntary agreement. The solution will help them out in order
to understand and to implement the compromise between the parties and also to agree on
the nomination through which the mediator can be implemented (Najjar, 2018).
 Legal justification: Mediation is a method which helps out to provide suggestion in order
to maintain the independent judgement between the third parties and also to implement
the amicable solution through which they can protect the goodwill and also to solve the
methods of solutions in which Janet can be relaxed.
Case 3
 Legal issue: This mainly provide out all the important loss for the company through
which the creditors can thereby filed a petition in order to maintain the winding up of
company and also to repay the amount. The organisation thereby feels for the customer in
order to pay their further amount regarding to the bad debts.
 Legal solution: Arbitration is a method that can be arranged and also be framed in this
disputed solution as an arbitrator can thereby be appointed in order to hear and collect all
the evidence and record all the agreement it is being made in the parties through which
the awards and thereby be framed and the binding between the parties can be
implemented by proper time and place.

 Justification: As part is thereby can face important issues regarding to the serious
matters through which they can there by wind up the company is an arbitrator can thereby
help out to settle the dispute and also to implement the binding of decisions through
which the dispute can be resolved out and also to maintain the quick solutions (Yifei,
2018).
CONCLUSION
It is concluded from this report that business law is being enacted for the sole purpose of
regulating the workings of the organizations and companies. There are various sources of laws
from which the legislations are enacted which includes primary and secondary. The parliament is
the supreme law making authority in UK so bill undergo several phrases in order to become a
law. There are many legislations that has been framed specifically to manage the business is
which includes contract, company and employment laws. Further it is added that there are
various types of business organisations data form as per their scope which includes partnership,
sole proprietorship and companies. These are managed and funded as per their structure. In case
there are any disputes in the business, there are various alternate resolutions that can be opted by
the firm which includes arbitration, conciliation, mediation and negotiations which are less time
consuming and cost friendly methods which offers speedy disposal of cases.
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