Business Law: Legal System, Sources of Law, and Implications for Businesses

BUSINESS LAW

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Section 1...........................................................................................................................................3
Legal system of United Kingdom and difference between criminal and civil law\...............3
Sources of law........................................................................................................................4
Role of government in law making and application of common and statutory law...............5
Key legislation, standards and regulations that business needs to know...............................5
The potential implication of the law.......................................................................................6
Reflection of UK legal system...............................................................................................7
Section 2...........................................................................................................................................7
a) Memorandum outlining the obligations under the Health and Safety act 1974.................7
b) Employment contract.........................................................................................................8
c) Implications of the employment contract for both employee and employer......................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Business law refers to as a body of different types of laws which needs to be followed by
the companies to work in an ethical way. This compliance with the law is necessary because of
the reason that if the company will not follow the law then the consumers and other stakeholder
will not like the company (Beatty, Samuelson and Abril, 2018). The present assignment will
discuss about the legal system prevailing in United Kingdom and also the difference between the
civil and commercial law. Further the report will discuss the different sources of law which are
prevailing in UK. Next, the discussion will be done on the role of government in making of the
law. In the further part, the explanation of legislation, standards and regulation will be done so
that the business is ware of the different laws. Next, the implications of law in the business will
be highlighted along with a critical reflection of the legal system of UK. Further in next part the
assignment will discuss the legal requirements which company can take to fulfil its obligations
under the Health and Safety Act 1974.
MAIN BODY
Section 1
Task 1
Legal system of United Kingdom and difference between criminal and civil law\
the legal system is defined as the system in which all the laws are classified and combined which
needs to be followed by the company so that the working of the company is ethical and morally
correct. These legal system combines each and every law which is applicable on the business.
The UK has a constitutional monarchy where the head of the state is the monarch. This monarch
has the responsibilities and duties and powers which are provided by the constitution and
convention. The England and Wales operates in a common law system which integrates the
legislation passing but also includes the creation or initiation of precedents with help of case
laws. These laws are made by the passing of the by- passing in the parliament by the monarch.
Also, there is a lot of difference between the civil laws and the criminal laws (Schulman,
Moscow and Lesser, 2017). The difference between both the laws is illustrated in the connected
points below-
Civil law Criminal law
This is a law which is related with the disputes On the other hand, this is a law which deals