Business Law: Sources, Impact, Formation, and Management

Business Law

Contents
INTRODUCTION.......................................................................................................................................3
TASK 1.......................................................................................................................................................3
P1 Different sources of law.....................................................................................................................3
P2 What is the law making process in UK and the role government plays in it. The application of
common and statutory legislation in courts.............................................................................................4
TASK 2.......................................................................................................................................................6
P3 Impact of legislations on the business enterprises..............................................................................6
TASK 3.......................................................................................................................................................7
P4 How businesses are legally formed in United Kingdom.....................................................................7
P5 How the business enterprises are managed and funded......................................................................8
TASK 4.......................................................................................................................................................9
P6 Recommendation of legal solutions for dispute resolution.................................................................9
CONCLUSION.........................................................................................................................................12
REFERENCES..........................................................................................................................................13

INTRODUCTION
The legislation can be defined as combination of rules which governs the behavior of
citizens. In the similar manner, business laws are being enacted so that the working and
functioning of the business enterprise can be regulated. It is also known as the branch of civil
legislation. Business law is a vast field wherein various legislations comes under its umbrella
which involves the employment law, intellectual property, company law, data protection,
contract and many others. As the employees are considered as the valuable asset of the
organization so it is very essential to protect their rights so for this purpose, employment laws
have been designed in order to protect them from exploitation (Mili, Gharbi and Teulon, 2019).
This report will cover information regarding English legal system, impact of business laws on
organizations and legal formation of businesses. Further it will include legal solutions for solving
disputes.
TASK 1
P1 Different sources of law.
The English law is referred to as those legislations and rules that are followed for
criminal and civil matters and the system which is administered by justice courts. The principle
of common law is the basis of English law and it consists of the own legal doctrines which are
different from legal system for civil matters. There are different sources of laws which are
narrated below-
Primary
These are also called the original source of law and authoritative because it is made by that
authority which has power to make laws. Different primary sources are illustrated thereunder-
 Case laws- They are considered as the fundamental and the primary source of legislations
that comprises of the judgments of judges in different cases. They are published in the
law reports and consist of facts, reason, issue, decision and different legal principles on
the basis of which the judgment was passed. It is binding for the future decisions where

any subordinate court is bound by the judgment of the Superior Court so it is also called
as the common laws.
 Legislation- These comprise of those laws that are made by the superior authority of law
making that is called as Parliament. These laws are known as superior and are known as
the statutory legislations. As there is no written Constitution in the English legal system,
so Its principles are enumerated in the laws made by the parliament (Rendtorff, 2019).
Secondary
These are considered as one of the best way to start the research on law as it consists of the
law commentaries. Some of the primary sources are discussed below-
 Textbooks- These are mainly written by academicians in order to help the students to
research on the legal topics and clear their concepts on law.
 Legal encyclopaedia- This is one of the best way to begin the research on law as it
consists of issues, cases and the key points.
 Parliamentary and non- Parliamentary publications- It consists of the command papers,
debates and other documents of the parliament while non- Parliamentary publications
include reports from various government departments and agencies.
 Law journals- It covers the general and the specific area of laws and consists of articles
and case commentaries in order to bring clarity in the legal issues so that it can be
understood in the detailed manner (Allen, 2017).
P2 What is the law making process in UK and the role government plays in it. The application of
common and statutory legislation in courts.
The Parliament is considered as the supreme authority that has the power to enact the
laws. It is a place where every member of it meets so that a decision can be made on law making
which are beneficial for the citizens. In order to enact a law, initially a bill is proposed in the
house. It is a draft or maybe a new idea for the law which undergoes different stages by debates,
discussions and after examining the bill, there are different changes being suggested. The process
of law making is illustrated below-
 First reading- Under this stage, the bill is usually arrived and its name is read out in the
house.