Impact of Contract, Employment, and Company Law on Businesses

BUSINESS LAW

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
P1 different sources of legal system and laws that organisations must comply.....................3
P2 Covered in PPT.................................................................................................................4
M1 Evaluate the effectiveness of the legal system in terms of recent reforms and
developments..........................................................................................................................4
D1 Provide a coherent and critical evaluation of the legal system and law...........................6
TASK 2............................................................................................................................................6
P3 Impact of contract, employment and company law on businesses...................................6
M2 Differentiate between legislation, regulations, and standards to analyse potential impacts
upon business..........................................................................................................................9
TASK 3..........................................................................................................................................10
P4/5 Different types of business organisations which are legally formed and how they are
managed and funded.............................................................................................................10
TASK 4..........................................................................................................................................11
P6 Recommend legal solution for resolving a range of dispute using examples to demonstrate
how a party might obtain legal advice and support..............................................................11
CONCLUSION .............................................................................................................................13
REFERENCES..............................................................................................................................15

INTRODUCTION
Law refers to the rules and regulations for a particular country or subject matter which
regulate the actions of members and impose a penalty in case of violation. Business law includes
all those laws that governs the incorporation and running of a business. It includes every action
of business from its incorporation to its dissolution which involves all the rules that every
enterprise is entitled to follow. There are legislatures who enact the law and the judiciary that
ensures that laws are complied by everybody and if anyone violates the laws, it punishes the
wrongdoer or imposes penalty (Greenleaf, 2018). This report shall deal with the basic nature of
legal system and its impact on business. Further it will cover formation of different business
organisation and recommendation of legal solutions for resolving disputes.
TASK 1
P1 different sources of legal system and laws that organisations must comply.
For an effective legal system of UK, there are two sources of laws which govern the
actions of its people and businesses. The two main sources of laws include primary and
secondary. Primary source includes the case laws by courts and laws enacted by Parliament.
These are the laws that come directly from the official body of the country.
Common law- It is also called the common law and includes the decisions given by the
courts. These are the fundamental primary source of law and are published in the law reports
which includes issues, facts and decisions of the cases(Greenleaf, 2018). They are helpful in
creating flexibility over amending laws that exists within society and provide courts to improve
transparency in legal system.
Statute- It is also called the statutory laws. The UK does not have a written constitution
but most of its parts are mentioned in laws which are passed by the Parliament. In the courts, it
cannot be questioned on any point. Parliament is the main body which has a power to enact law
on any subject matter (Blair and Vidak-Gojkovic, 2018).
Legislations- It is also called the statutory laws. The UK does not have a written
constitution but most of its parts are mentioned in laws which are passed by the Parliament. In
the courts, it cannot be questioned on any point. Parliament is the main body which has a power
to enact law on any subject matter (Blair and Vidak-Gojkovic, 2018).

Writers and authorities: These are known as primary sources and under this various sub
sources is being used that has been explained as follows:
Legal encyclopedia- It provides the legislation, cases and the key points to begin a
research. In this various kinds of definitions related to various laws has been given that has been
made clear in order to provide an basic idea about laws existing within society.(Ngai and et. al.,
2018).
Parliamentary and non parliamentary publications- These includes the command papers
which are the government proposals and policies set out in consultation papers, debates of
parliament, paper of House of Lords and House of Commons. Non parliamentary publications
includes reports of the government and agencies. These two houses holds responsibility to make
sure that bill presented has been discussed in appropriate manner to make it permanent law with
sustainability to the process of legal system.
Law Journals- These cover the specific areas of laws which have academic arguments
aimed at providing updates on law. Further in this articles and views that has been present is
covered to develop understanding over impact of laws in a society. It makes research related to
law to be conducted in proper and appropriate manner.
P2 Covered in PPT.
M1 Evaluate the effectiveness of the legal system in terms of recent reforms and developments.
Organisations in UK are bound to follow a legal structure that aims at providing the equal
and same status to all businesses. The enterprises follows several laws for its smooth functioning
which includes contract law, employment law, companies Act, and many more. The compliance
of these laws are essential so that there is no hurdle in the working of the business and all enjoy
equal status (Zhu and Zolkiewski, 2016). These laws regulate the formation and dissolution of
the firms and states the rights and obligations of the business entity that they are bound to follow.
Legal system of UK is based over various kinds of laws which has been formed in order to
protect society form various kinds of crime that has been taking place in an country like UK. In
these two crimes are common that is civil and criminal. In civil law an individual who has
committed a wrong is being punished. In criminal society at large or an act done to harm public
is being covered.
Define the Woolf reforms