Business Law: Sources, Role of Government, Employment and Contract Law, Legal Formation, Managing and Funding

Business Law

Contents
INTRODUCTION...........................................................................................................................3
LO1..................................................................................................................................................3
P1 Various Sources of Law.........................................................................................................3
P2 Role of Government in Law Making process and Application of Statutory and Common
Low in Justice Court....................................................................................................................4
LO2..................................................................................................................................................6
P3 Impact of Employment and Contract Law on Business.........................................................6
LO3..................................................................................................................................................7
P4 Legal Formation of Business Organization............................................................................7
P5 Process of Managing and Funding Business Organization....................................................8
LO4..................................................................................................................................................8
P6 Recommendation of Legal Solution for Particular Case Study..............................................8
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Business law or commercial law is considered as body or framework of law that governs
or protect the business or processes that are used by the organization in business processes. This
is mainly considered as the branch of civil law that deals with various issues of private and
public law. This laws are mainly known as factors that can regulate the corporate contract, hiring
and recruitment and selection processes and sales and manufacturing process of the business
organization. Business laws can be defined as branch of law that is consists of laws that are
related to the trading process, industrial and commercial processes (Beatty, Samuelson and Abril,
2018). This is considered as one of the most important branch of Civil Law. This report is
providing overview of different sources of law in UK. The role of government in law making
process will be analysed in the study along with explanation of statutory and common low in
country. The impact of employment and contract law will be analysed on business of an
organization. Business organization are structures on basis of different legal structures. These
legal structures will be analysed in report. The process of managing and funding business
organization will be studied in study. Various legal solutions also will be provided in the report
that are used by the business organization on basis of their case study.
LO1
P1 Various Sources of Law
There are different sources of law are considered in United Kingdom. There is no any
specific written law is followed in UK. There are different parts of the law in UK that are
followed in different part of the country. There are four main sources of Law considered for
main law of UK. These main source of law are- Legislation, Common Law, European Union
Law and European Convention on Human Rights. All these sources of law are followed in U
nited Kingdom.
Domestic Legislation- Legislation includes both primary and secondary legislation. The primary
legislation that is considered in the legislation is passed by debating in parliament that include
the government censored bills and bills that are proposed by private members of parliament. This
are commonly known as statutory law. Government have power to introduce secondary