This report provides an overview of business law, including its branches such as contract law, employment law, and company law. It explains the different sources of law, the role of government in the law-making process, and the potential impact of company law, employment law, and contract law on businesses. It also discusses the local community's judgments, recent reforms, and developments. Additionally, it explores the differences between legislation, regulations, and standards and provides insights into the legal system for law and its relevance in the local community.