Business Law: Sources, Legislation, and Dispute Resolution

This document provides an overview of business law, including different sources of law, the law-making process in the UK, the impact of legislation on business enterprises, how businesses are legally formed, and legal solutions for dispute resolution.

Business law

Table of content
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.............................................................................................5
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.........................................................................................................................................10
REFERENCES..........................................................................................................................................10

INTRODUCTION
Business law is a branch of law which helps us to provide different imported culture and
the implication in the civil and corporate law as it helps out to maintain a smooth functioning of
all the business practices in the organisation and also frame out the working procedures with all
kinds of perpetual areas and motives (Arian, 2021). There are many kinds of law public law and
private law As it provides out all the important transactions with the commercial relations that
are being laid out in them. Mainly provides contract law, IPR, employment laws as an important
legislations and law. This report will cover different sources of law, the distinction will all be
right for the individuals and the implications regarding to their financial funding and also the
alternative dispute resolution and practice.
TASK 1
P1 Different sources of law.
Legislation to provide the English legal system as it provides out different kind of law
and the criminal and civil matters. UK thereby have partly written and wholly codified specified
law. It mainly provides out effective balance and the legislative areas through which individual
can thereby provide protection and maintain the legislative authority for the individual
(Bacon,2017). There are different kinds of sources they are like primary sources which are
mainly the original framework of sources carries out all the authoritative language and the
knowledge through which the implementation in amendment of laws can be implemented with
documentation in an original framework. In secondary sources are mainly all such legal sources
which used to be a rise from the primary sources as it helps out to provide the documents through
which certain documentation of invited some of which are mentioned below:
 Case laws: It is mainly the primary sources which usually provides out important law
reports and implicates out the decision through which the principles are being
implemented. These are mainly the case laws which used to cover out attachments and
also press out to provide the applicable areas through which the subordinate legislation to
be covered. It is mainly when the UK courts and the superior churches used to give their
judgement it creates a binding impact on all the subordinate courts and on the lower

courts as it provides out the final future decision that will be applied on all the further
decisions that are being taken in eliminated at prevailing method.
 Legislation: It is the supreme authority which used to provide out all the lawmaking
bodies through which the Parliament used to amend out the statical areas at legislative
assembly (Park, and Samples, 2017). UK have started the law which usually covered out
partly return and it provides out the supreme authority through which all the laws and
then dictation service a constitutional areas can be covered out. As House of Commons
and house of lords used to apply different kinds of sources through which they apply the
implementation on which legal rights are being made.
Secondary sources
 Legal Text books: It mainly provides out all the academic research programs through
which the legal sources and the relevant topics that are being related to law fields are
being covered and that it has a student who used to study about the legal areas cover all
the depth knowledge from the textbook as it covers out article, rules, judgements, acts
and all the important relevant information resources through which effective research are
being covered out. This mainly provides out all the effective research through which the
academic knowledge and the research work are being covered out (Lim, 2017).
 Legal Encyclopaedia: It helps out to provide out all the important elements of the points
through which the research and the issues related to the legislation is being created out. It
provides all the research work through which all the issues and the general spectral
functions can be covered as it helps out to provide the operation in the legislative laws
and illegal areas through which a Internet sources used to provide a detailed knowledge
about the research work and the legal framework.
 Law journals: It provides out all the important case commentaries through which they
implicated out the articles and important areas through which the clear issues and banners
are being covered out. Law journals provide South important commentaries related to the
case and also provide the depth knowledge regarding to the understandable areas through
which the rules and obligated areas are being covered out. It provide out case and the
depicted areas with all the laws and the legislative areas.

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 the command and the superior authority which helps her to provide the
benefits for all the individuals and also helps out to provide the implementation through which
the proposed important bills and also track the framework. It provides out some important stages
in which different examination of bills have examined in the lawmaking process which are being
mentioned below:
 First reading: It is mainly the first stage is it helps out to introduce the bill in front of
both the house members.
 Second reading: This is merely an important element in key areas through which all the
important objectives through which the debates are being analysed and a framework of
bill is being framed.
 Committee stage: It provides out all the important examination in analysis through which
they try to cover out all the issues with the members and a debate and discussion is being
made regarding the bill that is being passed under it (Teichmann, 2020).
 Report stage: In this stage all the necessary changes and the improvised area with the
changing of the bill is being framed out with implementation of programs.
 Third reading: This mainly provides out all the Parliamentary areas has different an
important changes In which it helps out to provide out all the important amendments and
cover out all the loopholes that are being made in it.
 Considerable amendments: It implement out necessary changes and amendments
through which it provides out the expectation and Tibetan changing through which all the
stages are being covered out the stage is also called as ping-pong as all the acceptance
and rejection is being made in it.
 Royal assent: It is a final stage as it helps out to provide passing of the bill and it will be
applied in whole of the individuals in UK and the nation (Aćimović, and et. al., 2021).
Application in law courts
These are mainly the hierarchy of courts and its stages as the Supreme Court is the most
important court and the superior 30 which carries out all the important powers that used to cover
all the civil and criminal matter and also deal with original and appellate cases. High Court is the

second divisional bench which covers of Queens bench, family division at the Chancery quotes.
The sub-ordinate courts like Different kinds of courts which usually cover out the crown courts
youth courts juvenile courts are mainly been cover out through the county court and also
implicate out the civil nature through which they imply out the superior cases and also provide
the implementation through which legislation is being implemented with different statutes.
TASK 2
P3 Impact of legislations on the business enterprises.
Business is an important area as it helps how to provide the regulations to which
legislative assemblies and a supreme authorities can be implemented out for the smooth
functioning of business practises as a provide so different kinds of law which are as follows:
 Contract law: When a business is being framed it is being protected by the contract
agreement that is being made between the parties treaty in forcible agreement as it helps
out to provide binding impact on all the company provides out in different terms and a
breach of contract (Demers, and et. al.,2019). It maintains out all individual through
which implications through which the performance of the business practices are being
made. There are different types of remedies in various breach of contract as it had sought
to provide the legal remedies had also followed the four important parts like offer,
acceptance, legal application to do so and considerations which promotes out the
maintenance in business practice.
 Employment law: It promotes out protection of situation of workforce in which all the
employees will be protected as it helps out to provide business and the companies
through which the work force use to provide a protection regarding the wrongful and
unfair dismissal. It will promote out all the police auntie holidays in regard to the
remuneration. Equality act 2010 Health and safety act and national minimum wages act
used to provide out health and safety measures through which they provides out the
minimum wages for all the working areas and also protect the employees without any
discrimination according to the gender, race, age etc (Singer, 2018).
 Company Law: This provide out all the important separate legal entity which carries out
the perpetual succession and an artificial personality through which the regulations are

being imposed through the performance and work. It provides out the transparency
through which they maintain order in corporation through which winding up can thereby
be covered. The stakeholders used to provide out illegal areas through which the
company is used to implement all the different kind of investors and the shareholders.
TASK 3
P4 How businesses are legally formed in United Kingdom.
Business organisation helps out to provide a structures through which it implements out
the liabilities and the important rights through which the configurations are being made and a
business structure is being obtained with different kinds of aspects as it differentiated with the
liabilities, structure, ownership some of which are mentioned as follows:
 Sole proprietorship: It is mainly a small business practice which is being carried out by
the sole owner and used to be managed and implicated by the single individual there will
not be any interference of any individual in such kind of business and it carries out all the
unlimited liability is regarded with a firm on their undertaking this provides out the
registration to HMRC and it mainly have a complex procedure in their working styles
(Кирпичев, 2018).
 Partnership: In all such business practises when two or more individuals use to mutually
agree to be partners and also frame out agreements in order to maintain a mutual
agreement. Partners used to carry out responsibilities, profit, assets, loss and all the
implementations of decision and the powers. It provides out the copy capital contribution
through which the agreements are there going be led by the registration through HMRC
the two kinds of partnership they are like limited liability and unlimited liability
partnerships which are being framed by the firm.
 Companies: This is more complex method which helps how to provide a perpetual
succession and an artificial p personality which carry out a common seal the business are
being incorporated through different bodies. It helps how to maintain the liabilities
through the incorporation of companies and organisations.

P5 How the business enterprises are managed and funded.
In several business practises it is important to maintain the growth and the culture
through which the management can be implemented in the funds can be rest out as for all the
business practice it is important to manage the funding and also the technical and financial
aspects through which they can raise the capital and focus on the growth and the resources. Some
of the important methods of funding are being mentioned there under:
 Sole proprietorship: It is mainly all such business which used to cover out through the
individual practice and also carry out the responsibilities through which important
decisions are being implemented this business has been carried by the single individual
are mainly of small scale and also let out through the possibilities in which they try to
implement out their responsibilities and the rights in their budgets and allegations. All the
sole owner used to carry out the fund through their own savings and also by the loans that
are being taken from the banks and the money that are being raised to the shareholders
(Allen, 2017).
 Partnership: These are mainly when two or more people used to be engaged in same
business practices and also implement out to contribute for their own saving and also
raise the capital and their contribution. Partners usually investor money with the help of
their own savings that is being generated by them individually and also can take the
money from the bank loans and also from the shareholders or the equity funds through
which they can enhance their production and the implementation of profitability
approach. It helps out to maintain the funds through different sources and means and try
to implement and take the money from the bank loan in order to invest in all the proper
significant areas.
 Companies: These are mainly the complex business practices which carry out their own
path visual identity and an artificial personality so there is mainly involvement of the
directors and shareholders with the representatives who used to be working in the
company as their own separate legal business entities. All the financial aspects are being
carried in the companies through the funds that are being raised to the shareholders and
the directors or to the investor who used to provide out the Inc investment in the business
practises. It provides Saudi funding through the implicated products and values in which
the numerous of products and the methods can be provided.

TASK 4
P6 Recommendation of legal solutions for dispute resolution.
It is a legal solution which helps out to provide a solution to resolve the disputes between
the individuals as in UK did try to implement the Alternative dispute resolution through which
all the effective procedure enter speedy trial can be maintained some of the mention of the legal
solution are given below:
Case 1
 Legal issue: Gordon is there by being entitled to pay for all the annual wages of 2015 to
2017 in which they have to being implemented in employment contract that is being
frame between the employer and the employee as per maintaining the alteration of
contract with the variation clause.
 Legal solution: Gordon helps out with the help of negotiation as it will implement out the
appointment of third person as a negotiator who will maintain a win-win situation
through which there will not be any laws that can be suffered between any of the party.
 Justification: Gordon can thereby with the help of negotiate and can implement out a
proper claim and also maintain amicable solution through which a contract is being
shared between employees and would also provide stability and thereby be given to the
employees.
Case 2
 Legal issue: Janet is thereby being framed liable in order to pay the all the telephone bills
and also to maintain the installation through which they maintain out the virgin media in
the organisational area and also the contact that is being related to the business parties
through which the contract is being framed (Allen, 2021).
 Legal solution: Mediation is a process which can thereby be applied as a mediator
thereby be applied and can give a valuable suggestion through which ticket maintain a
proper framework between the parties.
 Justification: Mediation gives an amicable solution and also provide protection for the
company in order to solve disputes and also to frame of confidential areas and manners.

Case 3
 Legal issue: In this case scenario all the creditor is thereby picking framed to maintain
the winding up as a petition that is being reserved for the non-payment by the company is
in the capital of the creditor that is being laid out through the amount which is framed
according to the bad debts.
 Legal solution: It helps out to provide a solution called as arbitration in which arbitrator
is their being appointed and it will be a person which will provide out proper suggest
between the parties and also gave the evidence regarding to the binding up and also to
maintain the flexible issues and the decision that are being led in the parties (Altaf, and
Shah, 2018).
 Justification: Arbitrator is a person who used to provide out a better solution in order to
solve the dispute and also collect all the evidence and hear both the parties and give a
proper decision which will be binding on both the parties and give a proper framework of
communication between the speedy manner and time.
CONCLUSION
From this above report it is concluded that business law plays an important role in all the
business practises and organisation in order to maintain a proper legislative framework and also
to implicate out different sources of law which are like secondary and primary. It helps out to
maintain a smooth functioning in the business and also to regulate different kinds of procedure
through which a partnership, companies etc. are being analysed. Further it is also analyzed at
alternative dispute resolution helps out to provide speedy trials and also lower cost method
through which they can implement out different solutions in their working areas and it will help
out to promote the working culture and the benefit through which effective strategies are being
made in all the business areas.
REFERENCES
Books and Journals

Aćimović, and et. al., 2021. Military Logistics vs. Business Logistics: A Comparative
Analysis. Economic Analysis (0013-3213), 54(1).
Allen, N.L., 2021. North Carolina Unfair Business Practice. LexisNexis.
Allen, W.T., 2017. Our schizophrenic conception of the business corporation. In Corporate
Governance (pp. 79-99). Gower.
Altaf, N. and Shah, F.A., 2018. Ownership concentration and firm performance in Indian firms:
does investor protection quality matter?. Journal of Indian Business Research.
Arian, M., 2021. The Effect of Fraud on the Rights of Assignee of Proceeds Generated from
Letter of Credit in the Iranian Legal System: Review and Analysis of a Judicial Case
from Perspective of Comparative Law. The Judiciarys Law Journal, 85(114), pp.1-26.
Bacon, M., 2017. Taking care of business: Police detectives, drug law enforcement and
proactive investigation. Oxford University Press.
Demers, and et. al.,2019. Women in leadership positions within Canadian sport. In Routledge
handbook of the business of women’s sport (pp. 106-123). Routledge.
Lim, E., 2017. Judicial Intervention in Directors’ Decision-Making Process: Section 172 of the
Companies Act 2006. Journal of Business Law, 169, p.2018.
Park, S.K. and Samples, T.R., 2017. Puerto Rico's debt dilemma and pathways toward sovereign
solvency. American Business Law Journal, 54(1), pp.9-60.
Singer, L.R., 2018. Settling disputes: Conflict resolution in business, families, and the legal
system. Routledge.
Teichmann, F.M.J., 2020. Money laundering in the jewellery business. Journal of Money
Laundering Control.
Кирпичев, А.Е., 2018. Предпринимательскиеобязательства (business-to-business contracts) и
государственноерегулированиеэкономики. Журналпредпринимательского и
корпоративногоправа, (4), pp.26-30.