Business Law: Sources, Impact, and Formation of Business Organizations

Business Law

Contents
INTRODUCTION.......................................................................................................................................3
PART 1.......................................................................................................................................................3
P1 Sources of laws...................................................................................................................................3
P2 Process of law making and how common and statutory law is applied in justice courts.....................4
M1 Effectiveness of legal system in terms of reforms and developments in recent times.......................6
P3 The potential impact of laws on business organizations.....................................................................6
M2 Difference between legislation, standards and regulations to analyze the impact on business law....7
P4 How business organizations are legally formed?................................................................................7
P5 The funding and management of the business enterprises..................................................................8
M3 Pros and cons of business organizations............................................................................................9
PART 2......................................................................................................................................................10
P6 Legal solutions to resolve range of disputes.....................................................................................10
M4 Contrast and compare the different sources of legal advice and support for the dispute resolution. 12
CONCLUSION.........................................................................................................................................13
REFERENCES..........................................................................................................................................14

INTRODUCTION
The legislations are the important aspect of the nation as it comprises of rules and
regulations that governs the citizen’s behavior. Similarly, business laws are also being framed in
order to regulate the working of enterprises as it is a branch of civil law. Business legislations is
a broad field that consist of many areas for which legislations are being enacted so that its
functioning can be regulated in an effective manner. It includes company law, intellectual
property rights, data protection, employment legislations and many others. Every organization
requires the workforce which is the valuable asset of the company so it is important to protect
their rights so that no exploitation is done. The employment law is specifically being made in
order to protect the rights of employees (Kooshshkar and Ghasemi Ahde, 2019). This report shall
cover the English legal system, the impact of legislation on business enterprises, various kinds of
organizations and management and funding. Lastly it will include the legal solutions for the
range of disputes.
PART 1
P1 Sources of laws.
The English legislation covers those laws that are followed in the civil and criminal
matters and it is administered by the justice court. It comprises of both statutory and common
law. Various sources of legislations are discussed thereunder-
Primary
This source is considered as the original source of law which is authoritative as it was
enacted by the authority that has power for making laws. Different primary law sources are
narrated thereunder-
 Case laws- These are the primary and fundamental source of the law that consists of
judgment made by the judges in various cases. They are published in law reports where
facts, decision, issue, reason, legal principle and other aspects of the judgment is
provided which are required to pass the decision. The judgments made by the Superior

Courts are binding on Subordinate Court for their future decisions. These are also known
as common law.
 Legislation- These are made by the authoritative and authentic authority of law that is the
parliament. These are also known as statutory laws. The English law does not have a
written Constitution so the principles of it are enumerated in statutory laws made by
parliament (Wijesinghe, 2018).
Secondary
These are the best way for initiating the law research as it comprises of commentaries. Some
of them are narrated below-
 Textbooks- These are written by the academicians so that support is provided to students
for researching on legal topics and made clarity in their concept.
 Law journals- It consists of specific and general areas of legislation and comprises of
case commentaries and articles so that the legal issues are being made clear.
 Legal encyclopaedia- It comprises of the cases, key points on the issues so that the
research on the law can be made appropriately.
 Parliamentary and non-parliamentary publications- It comprises of various papers of
debates, command papers and documents of Parliament whereas non-parliamentary
publications consist of reports prepared by the government agencies and the departments
(Parr, 2018).
P2 Process of law making and how common and statutory law is applied in justice courts.
As Parliament is the supreme authority for making the laws so the process of law making is
initiated in the Parliament where the members meet and make a decision from making the
legislation. At an initial stage, a bill is prepared and proposed in either house which undergoes
various stages by discussions and debates and after examination of the bill, amendments are
suggested. The detailed process of making the law is discussed thereunder-
 First reading- Here the bill is introduced in the parliament and a formality is made by
reading its name.
 Second reading- In this stage, debates and discussions are initiated on the key objectives
and areas of bill. Generally, there are no votes taken as only discussion is being made.