Different Sources of Law and Role of Government in Law Making Process

Table of Content
INTRODUCTION...........................................................................................................................1
LO1..................................................................................................................................................1
P1: Different Sources of Law......................................................................................................1
P2 Role of Government in Law Making Process.........................................................................3
LO 2.................................................................................................................................................4
P3. Potential Impact of Employment and Contract Law on Businesses......................................4
LO 3.................................................................................................................................................6
P4 Different Types of Business Organizations...........................................................................6
P5, Managing and Funding of Business Organization.................................................................9
LO 4...............................................................................................................................................10
P6. Legal Solutions to Resolve Disputes ..................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Business law is basically an area of legal practices. Government of the United Kingdom
only has the authority to make this law. Government already imposes many regulations,
standards, and legislation on businesses under business law. Maintain legal environment within
UK's businesses is the main objective behind business law. All businesses in this country are
responsible to follow all law during their business operations. English business law includes
various act which every company need to employ in their workplace. Otherwise, company which
not employed this act, will face issues like; penalty, fine and court hearing. In this case, each
company need to follow this law. Business law generally promotes ethical environment within
businesses. This report discusses various sources of law, government's role in law making,
impact of law on businesses, different type of businesses, etc. A specific legal recommendation
also provided in this report to each case study. Specially, impact of contract law, company law
and employment mentioned in this report. These all law highly impact businesses, because each
business compulsorily needs to follow these laws.
LO1
P1: Different Sources of Law
There are Legislation, European union, ECHR and Common law four main sources of
business law in the United Kingdom. ECHR refers to European Convention on Human rights.
These all sources of law has been explained below;
Legislation
Legislation law mainly creates by the legislature. Acts of parliament is the most useful
legislation piece. UK's parliament is the principal legislature in this country. Parliament has only
power to pass any law (Lyons, 2018). In this case, this created many laws for the existing
businesses. Government of this country has passes law almost for all area, like; businesses,
industries, tourism, food & beverages, sports, hospitality etc.
European Union Law
The United Kingdom is a major member of the European union, so businesses need to
follow those laws also which passes by EU (European union).
ECHR (European Convention on Human Rights)
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This country member of European council as well. In this case, UK's businesses are
responsible to follow the Act of Human Rights, 1998 too which passes by the ECHR.
Common Law
Common law are basically those laws which the local government passes to build legal
environment within country. Businesses which run their operations in the England and Wales are
specially needed to follow these laws. Most businesses in the UK mainly follow law which
comes under common law. Common law have included various standards, regulations and
terminologies which work for maintaining ethical environment within country. English law also
comes under common law which described below;
English Business Law
English business law is a summarized version of Merchant law, Contract law, Legislature
statute, Legislative or Statutory acts and Agreements, conventions & commercial treaties.
Merchant Law: Merchant law of the United Kingdom first legally introduced in 14th century.
From introduce to date still, the local government make changes in merchant law when it
necessary (Foster, 2018). This law is basically a set of regulations and standards which each
business can maintain in their daily operations. Merchant law give a specific direction to
companies for how to run business activities in legal manner.
Contract Law: Contract law is too necessary law to companies, because all companies need
sign different deal papers on daily basis. In this case, contract law is source of legal paper which
helpful to the businesses to remove many conflicts within their daily activities. With the support
of contract law a business enables to avoid various contract litigation and disputes.
Legislature Statute: Law which based on legislature statute are commonly enacted by the UK's
parliament. This is very poplar source of law which provides different laws for different areas.
This is basically a top authority in this country which creates law.
Legislative or Statutory Acts: Law which passed by parliament, legislature and competent
authority in the UK is known as statutory act. Currently many acts applied on businesses within
this country. There are acts generally work for describing various existing law.
Agreements, Conventions & Commercial treaties: This is the main part of business law for
the businesses which each business needs to be considered during its operations (Hervey, 2018).
The main reason behind last statement is, agreements, conventions & commercial treaties are
providing those all legal terminologies to the businesses which useful in their daily operations.
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