Business Law: Exploring UK Legal Framework, Business Impact Analysis

This report provides a comprehensive overview of business law, focusing on the UK legal framework. It begins by outlining the sources of UK law, including Acts of Parliament and case laws, and explores the role of the government in the law-making process. The report then critically evaluates the effectiveness of UK law in the context of recent changes and developments. It illustrates the potential impact of company, employment, and contract law on businesses through specific examples. Furthermore, it differentiates between legislation, regulations, and standards to analyze their impact on businesses. The report includes an evaluation of the legal system and different types of business organizations, discussing their legal formation, funding, and management, along with their advantages and disadvantages. It provides a brief overview of contract, employment, and company law, along with salient legal points of example cases and suggests appropriate legal solutions, justifying the advice and comparing the effectiveness of recommendations. The report concludes with a critical evaluation of the suggested legal solutions in comparison with alternative legal advice.

BUSINESS LAW

INTRODUCTION...........................................................................................................................3
PART 1............................................................................................................................................3
Sources of UK law.......................................................................................................................3
Role of Government in Law making process..............................................................................4
How it will be implied in justice court........................................................................................4
Critically evaluate the effectiveness of UK law in context of recent changes and development.
.....................................................................................................................................................5
Using specific examples illustrate how company, employment and contract law has a potential
impact upon business...................................................................................................................5
Differentiate between legislation, regulations and standards to analyze potential impact upon
business........................................................................................................................................6
Provide a coherent and critical evaluation of the legal system and law......................................6
Explain how different types of business organizations are legally formed.................................7
Funding, management of various organization with advantages and disadvantages..................8
Brief overview of Contract law, employment law and Company law......................................10
Salient legal points of each case................................................................................................10
Suggest an appropriate legal solution to each of the problems.................................................10
Provide justification for the advice and solution given.............................................................10
Compare & contrast the effectiveness of these recommendations given in your presentation. 10
Critically and evaluate the use of the appropriate legal solutions suggested in comparison with
alternative legal advice..............................................................................................................11
CONCLUSION..............................................................................................................................11
REFRENCES.................................................................................................................................12

INTRODUCTION
Business law are the laws which have been formed over making an organization perform
activities of trade in more effective manner. Also these laws have been making dynamic changes
taking place within an organization. These laws deal over an issue which is based over making
trade done in more efficient manner. In this framework is been made that makes management
overselling of products and services done in more effective manner. The file is based over
different aspects that is sources of law role of government in law making and evaluation is been
made. Then further different organization is been covered with their advantages and
disadvantages. In this solution is based over legal issues explained in the end.
PART 1
Sources of UK law
UK is the island nation where different countries are included such England, Wales,
Northern Ireland and Scotland. These sources have helped in forming law in more organized
manner through providing proper information for it. Different sources has been discussed as
follows:
Act of Parliament: This is the important law which discusses about the laws and
regulations which are being formed within the Parliament House. This leads as source to law in a
way that bill is required to be made laws which makes legislation and acts formed (Cook, 2020).
Case Laws: These laws have been formed over process which makes cases and judgment
which is given by the court in different case laws. This is equally important to be followed which
impacts breach of right. If person or organization fails to do so then penalty can be imposed.
Encyclopedia: This is one of the most important sources which have been used over
making various kinds of terms understood in more organized manner. In this recommendation is
done over law which is been followed by a people or an organization depending upon nature and
showing importance of law with its clear meaning.

Role of Government in Law making process
The role of government in law making is based over various kinds of formats which is
been followed by UK and makes government pass a bill through making law in more effective
manner. Under it formation of law is been done which is based upon selection of bill that has
been presented within the parliament. In this process there are three stages of reading which
involves MPs and MLAs. Further process has been discussed as follows:
First Reading: The stage in which appropriate name of the bill is to be given by the
members.
Second Reading: Here, member has the responsibility to check the point and decided that
how important the bill can be if it will be passed from every single stage and according to that
they has to decided whether bill can be discussed further or not.
Committee Stage: The member of committee stage has the responsibility to evaluate
every single points mentioned within the bill for further improvement. Here, member will points
out the weak point which will be further discussed in other stage for amendment.
Report Stage: Talking about this respective stage, member will amend all of the points
where representative of committee stage feels about the loop holes in the bill.
Third Reading: Here, it is crucial voting is to be done by the members for effective
result. It will be necessary that all of the member will have the responsibility to check whether
members have agreed or not with the help of voting.
House of Lords: This is the stage where it will be important to understand that each and
every work will be review again by the member of house of lords for ensuring that acts has been
formed in a systematic manner and that can be helpful too.
Royal Assent: In this respective stage, Queen has to give her final approval on the bill.
How it will be implied in justice court
It is required to understand that how any of the law will be applicable within the justice
court because it is one of the court which can allow to attain any of the work in best possible
manner. In case of justice court, whenever any of the case will occur where decision can be
declared with the help of legislation then in that respective situation justice court will have to
overview the law and according to that they will have to declare their decision. In case of
common law/ case law, it is said that judges of justice have commence new law and according to
that they will have to declare the remedies of the case (Douma, 2017).

Critically evaluate the effectiveness of UK law in context of recent changes and
development.
In current situation, there have been number of laws and regulation which are being
changed on daily basis and it is necessary that all of the laws must be followed. There are some
of the changes which are effective and even some of then a there which create issues as well. The
laws do not changes which allow to take and prepare long term policies. There are negative
situation as well as various laws requires amendment but that is not being done due to which
people gets the opportunity to take those decision which create unnecessary problem for the
nation. In short, UK law has a positive as well as negative outcome where government is
required to focus on some of the important changes.
Long term planning: Any of the business requires long term planning for the effective
result and that is only possible if amendments do not occur within the law.
Laws are not effective: There are some of the laws and regulations which are not
helping UK for effective result. If amendments can be introduced in those laws then positive
result can be obtained
Using specific examples illustrate how company, employment and contract law has a
potential impact upon business
Government of UK in order to make sure that corporate organizations operate in more
organized manner and as per legislation formed. This legislation that has been formed has direct
impact upon working of various organizations. Further explanation is done as follows:
 Company law: They those laws which is been used in order to help in making
establishment of business organization as per guidelines formed by it. Such law is
handled within Companies Act of 2006. The act has been for in order to make
interpretation done in more effective manner. It is further explained with the help of
example which is CB Ltd is an company and is willing to expand itself. For this purpose
fund raising is done but the fund collected is not being used in appropriate manner. Under
such situation a case can be filed against the organization (Fiegenbaum, 2019).
 Employment law: This law has been making an business organization protect its
employees which increases productivity within the work. Employment law is based over
various kinds of laws which deal with protecting of employees in more effective manner.
Such laws makes various rights and duties formed in order to make employees work in

more effective manner. This is understood with example which is an employee working
in an organization with full dedication has been abused and discriminated because of his
colour by his senior. Now he can sue employer under discrimination laws.
 Contract law: These are the laws is been formed with the help of agreement which is
required to attain validity within eyes of law. They are base over different element like
offer, acceptance, validity, obligation and legality. The agreement formed can be both in
written and unwritten form. This can be better understood through a stamen which is “All
agreements can be contract but a contract cannot be agreement”. For example, contract
has taken between SDF ltd and a supplier over raw materials supply within appropriate
time limit. Due to certain reason supplier was not able to supply raw material and this
resulted into revocation of contract. Hence it can be marked out the there has been breach
of contract which means when a guideline of contract has not been followed.
Differentiate between legislation, regulations and standards to analyze potential impact
upon business
 Legislation: These are based over the framework which has been helping in forming of
rules and regulation which has been passed by government through proper process that
has been formed within constitution. Also the process makes proper discussion done
which makes a bill become permanent law. It is been applicable to all elements of
country and its citizens. They are to be used by courts in various corporate cases also
(Kranich and Wald, 2018).
 Regulation: They are those rules developed by the instructions of an organization that is
been formed with the help of legislation related to corporate society. Regulations make
all kinds of administrative activity done in more effective manner. It is required to be
applied within an organization to make its development possible in relation to norms of
an organization.
 Standard: These are those fixed details which have been formed in order to make
regulations followed with more discipline in proper manner. This makes achieving of
goals done in more organized manner with product and services.
Provide a coherent and critical evaluation of the legal system and law
Legal system in a country like UK has been affecting in very strong manner.

has had a strong impact upon stopping and regulating crime rate with appropriate justice. Every
legal system has three important pillars which are there to handle legal system of a country.
Under the legal system various laws are there which has become out dated because of rigidity
which exist in their implementation. Various changes have taken place according to time and
situation. Both laws and legal system is directly connected with each other. Transparency has
also been lost due to complex laws. This can be understood further in a manner that all laws are
required to be amended in proper manner to give strength to justice in courts or else it is going to
make the legal system collapse.
Explain how different types of business organizations are legally formed
Business organizations are the organization which are established to accomplishment of
common goals and objectives formed by persons come together to form it. Some of these
organizations used commonly are explained bellow as follows:
Sole proprietorship: Such organizations are very easy to be formed and have less
complex structure is involved in it. Business organization is of the simplest nature which comes
under this category of business. Organization of this kind has single owner who runs business. It
is not considered to a legal entity because it has no proper registration process like private
company. Also in this business the owner is whole and solely responsible for all kinds of
activities related to business. These organizations have no complex documentation or lengthy
process of getting registered. Documents like article of association and incorporation is not
required by such a business entity. Only an trustable resource should be arranged for generating
of financial help or funds. In order to run such type of business organization a person should
follow rules and have with him, National Insurance number or NI number for providing
existence in business of this type. Only registration is done for the purpose of getting registered
to an extent of self-assessment. This is done under HMRC. Name is required to get it a existence
in market (Kuzmina, 2017).
Partnership: Such kinds of business firms are formed with an agreement under which
more than two parties are involved in order to operate firm of such type. These organizations are
set-up with a major motive that is profit making out of business done under a firm. Profit and
loss is shared among the partners of the company. It also gets benefit in taxpaying for a such
kind of firm that is of partnership nature. In an partnership firm an agreement is signed between

both the parties to perform an activity. Such parties can be of any kind of nature which means
that working of an organization should be under partnership only. Government, non-profit
enterprises or individuals can become parties. This is only based on contract formed over a
period of time. In this HMRC has to be used for registration.
Private Company: This organization is part of incorporated companies and all are
required to be managed through directors and shareholders. Such companies are required to
select directors to run organization of such nature. These companies are not allowed to sell there
shares in the market to public. Decision making is in the hands of directors for such
organizations. Registration of these companies is done only after forming of Memorandum of
Association and submitting required documents to Companies house.
Public Company: Under such type of company public becomes director of the business
only after shares have been distributed to public. In other sense it can be understood as that type
of company which is their multiple, ownership and has sold all it shares in market with an
offering of getting director’s position in these organizations. These companies can sell their
shares to public. These companies are registered by identifying number of shareholders and
obtaining their digital signature, identification number (Martins, 2019).
Funding, management of various organization with advantages and disadvantages
Private Company: These types of organizations are funded through loans from banks,
equity and also from raising fund through crowd funding. These organizations are managed by
the directors which have been selected for performing operations in a business.
Advantages of Private Company are
 These kinds of entity enjoy separate status from its owners.
 Also the in this sustainability is there within an organization with security.
Disadvantages of Private Company
 Process over registering is very long and complex in nature.
 Formation of the organization is time consuming and very complicated process.
Public Company: These are the organization which has been funded over selling share
to public. Management is done through its owners. In this management is been done by owner.
Various advantages and disadvantages is given as follows:

Advantages of Public Company
 Capital is raised by selling of shares
 Financial sources are arranged easily.
Disadvantages of Public Company
 Directors and shareholders is having different aims as that of shareholders.
 Control is lost upon ownership due to different owners.
Sole proprietorship: These are the organization which is been handled by an individual
and has all responsibility towards it. Under this funds is been arranged through family and
friends or through private or personal loans. Management requires to be done through individual
which make managing of everything over activities related to business.
Advantages of sole proprietorship:
 This is easy to be formed which reduces complexity over involved procedure.
 Low financial resources are required in order to set it up.
Disadvantages of sole proprietor:
 Liability of an owner is there for profit and debit of business which has been handled by
him.
 Self employment tax is required to be paid by owner.
Partnership: In these types of organization that are run by more than two individual as
partner. Finds are being arranged through private organizations, arranging of loans from bank.
All the partners involved in this business is responsible for managing every aspect of it and
liability lies over the partners to run this firm (Novák and Darmo, 2019).
Advantages:
 Process of forming such organization is nit complex.
 Large funds arrangement increases over person involved within it.
Disadvantages of partnership
 Partners are having limited liability.
 Lack of harmony which makes dispute took place and dissolution if such firm is done.

PART 2
Brief overview of Contract law, employment law and Company law
Contract laws are the laws that have been formed over agreements between two parties
which make stability attained while performing activities of business. Contract laws makes
establishment of monetary transaction in more authentic manner. Employment laws these are
the laws that is been used for protecting over rights and liabilities of employees. Further the laws
maintain balance within relationship of employer and employee. Company laws they are the
laws used for protecting business and is been deal within Companies Act 2006.
Salient legal points of each case
In first case it can be observed that claim over salary of 2015, 2016 and 2017 is made. In
second case position of Jennet and virgin mobile is formed as per contract. Under third case
winding up is been explained.
Suggest an appropriate legal solution to each of the problems
In first case employment law is applied which makes only 2017 salary to be claimed.
Salary for 2015 and 2016 cannot be claimed as contract is been formed between them. Second
case as per elements of contract Jennet is the accepter and Virgin media is offeror. In third case
winding up has been explained which can only be solved through paying debts.
Provide justification for the advice and solution given
In first case contract of employment is applied and in second case elements of contract is
applied. Third case winding up is applied within company law. Also the case can be solved with
ADR also for appropriate solution.
Compare & contrast the effectiveness of these recommendations given in your
presentation
Negotiation can be used in first case which makes for making parties come to an common
point of discussion. Second case mediation can be used in order to find contract elements. Third
case arbitration can be used which makes arbitrator hired over making proper decision formed
which is bound to be followed by parties (Nogler and et. al. 2020).

Critically and evaluate the use of the appropriate legal solutions suggested in comparison
with alternative legal advice
Legal solution: are the solution given by legal professional to clients. Legal advice: is
based over understanding the facts and then giving advice for it(Ropiequet, Naveja and Noonan,
2017).
CONCLUSION
From the above discussion it can be concluded that legal system for business is based
upon business laws which is been used for forming framework which makes business
organization formed in smooth manner. Under the file things is based over sources of law, role of
government in law formation. Then in this file various laws related over business is been
covered. It explains about various kinds of business organization with advantages and
disadvantages. In the end legal solutions is been covered.