Exploring the Impact of Business Law on Organizations

BUSINESS LAW

Table of Contents
NTRODUCTION.............................................................................................................................3
MAIN BODY...................................................................................................................................3
P1 Detail information about the sources of UK law...................................................................3
P2 What is role of UK government at the time of forming law and even explain how statutory
law and common laws are being applied in Justice Court..........................................................4
M1 Provide an evaluation of the effectiveness of the legal system in terms of recent reforms
and development.........................................................................................................................6
P3 Explain with the help of example that what are the main impact of company law,
employment law and contract law on business organisation......................................................6
M2 Identification of difference between legislation, regulation and standards. ........................7
P4 Careful exploration of how different types of business organisations are legally formed.. . .7
P5 How above mentioned organisation are managed and funded..............................................9
M3 Detail assessment on pros and cons of the different business organisation on the basis of
their formation.............................................................................................................................9
P6 Providing the best form of legal solution in the condition where conflict arises between the
parties using the relevant examples...........................................................................................10
M4 Comparison and evaluation of the different sources of legal advice and support..............12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

NTRODUCTION
The law which deals in the field of commence is called business law. It is one of the most
important law in everyone's life because it deals in that sector of law where requirement of law is
on regular basis. Business law is one of the vast term which covers different branch under it.
Even it deals with the creation of new venture and try to fix the issues which arises in front of the
organisation. The main motive of this file to give legal advice on behalf of Global Solicitor. The
advices will be given on the source of UK law and what is primary object of government at the
time of making law. Various examples will be included in different question which will help to
support the answers that how business law have the impact on business entity. Even their will be
detail information regarding the incorporation process of the company what are the essential
requirements of it with pros and cons. When it comes to end, legal advices will be based on case
studies as it is one of those matter which is very helpful to understand the topic in detail.
MAIN BODY
P1 Detail information about the sources of UK law.
This is not as easier work as it should be to commenced different different laws. For the
commencement of the laws the supreme authority is needed to consider all the aspects so that
future course of action within the economy stay in controlled and reduces the criminal activities.
The power must be delegated to all the higher bodies so that decision to commence law can be
taken in regard to render benefits to the general public. In context of UK, there are various root
age through which laws are commenced because UK cover four different nation which are
England, Wales, Northern Ireland and Scotland (Allen and Kraakman, 2016). So, it is needed
that help various law making bodies is taken to constitute new law and that bodies are:
 Legislation: this is considered to be the most higher authority in the UK economy. As
this considered the guidelines which is required to be follow by the general public as
these laws have been commenced in regard to serve the general people with certain
benefits. This is the core function that all the laws and legislation which have been
imposed of must be followed by everyone so that the decorum can be maintained.
 Statutes: here the generation of the new ways and ideas are done which are associated
with the commencement of the laws. In this the laws are enacted for the very first time

and than later on if any changes are required in this are made as per the requirement of
that particular region.
 Common law: these laws are formed by judging the situation so that the decision to
commenced the particular law can be taken as per the conditions. Here, common law
must not over rule legislation as they are termed to be the higher authority and no one
here has the right to change or alter the law which have been commenced under these
common law.
 European Union Law: It is anchor of UK when it comes for start out law as 52741 laws
has been present by them which covers near around more than 50 % of the total laws in
UK (EU law in United Kingdom, 2017). The authorization has been given since 1973.
European Union law has the specific area under which they are needed to commence law
and those area are finance, trade etc.
All these above mentioned are the sources of the UK economy under which the different
different law has been enacted. And this is also vital that all the laws and legislation which have
been formulated under this must be followed by each and every individual present within that
particular region.
P2 What is role of UK government at the time of forming law and even explain how statutory
law and common laws are being applied in Justice Court.
Commencing law in the economy is not the easier task as the power to commence the law
in the UK is in the hand of the higher authority. This can be said from this statement “Parliament
is Sovereign”. Government is required to see all the needs and expectation of the local public
that what exactly they are willing from the side of the government and what type of law should
be commend for their benefits. This procedure initiate by the member of the parliament as they
are the only chosen once by the public. Member of the parliament who have been selected is the
only who represents the public so that all the public requirement can be taken into consideration
and can be send further to the house of parliament just to check which of the point are valid and
which are not. Here is the extended procedure which necessity to be started once bill is drafted
(Backer, 2015).
 First Reading: This is the first and prior phase where the document is read and all the
formalities are done in a formal manner. Here in this is required to be read by each and
every other individual so that further can be transferred to the second reading.