Business Contract Resolution: A Comparative Legal Analysis
Verified
Added on  2020/09/08
|12
|4155
|115
AI Summary
This assignment involves analyzing the role of law in Italy and the UK in resolving business contracts. It concludes with suggestions for appropriate legal solutions based on Italian and UK laws, providing recommendations for resolving issues related to business contracts.
Contribute Materials
Your contribution can guide someoneâs learning journey. Share your
documents today.
BUSINESS LAW
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P.1. Different sources of law and laws that organisations must comply with...........................3 M.1. Evaluate the effectiveness of the legal system of recent reforms and developments........3 P.2. Explain role of government in law making and how statutory and common law is applied in the justice court.......................................................................................................................4 TASK 2............................................................................................................................................5 P.3. Using a specific examples illustrate how company, employment and contract law has a potential impact upon business...................................................................................................5 M.2. Differentiate and analyse the potential impacts of regulations, legislation and standards.5 TASK 3............................................................................................................................................7 P.4. Suggest appropriate legal solution to business problems....................................................7 M.3. Assess the positive and negative impact of legal solutions to business problems.............7 TASK 3............................................................................................................................................8 P.5. Provide justifications for the use of appropriate legal solutions..........................................8 TASK 4............................................................................................................................................9 P.6. Recommend legal solution based upon a different country's legal system and different legal framework..........................................................................................................................9 M.4.Compare and contrast the effectiveness of these recommendations...................................9 REFERENCES..............................................................................................................................11
INTRODUCTION Different sources of law could be seen in the UK legal system which furnish appropriate values to nation's legal system in order to making important decision by legal authorities of the country. In addition to this, in this report, the role of UK government in law-making and how statutory and common law is applied in the justice courts. In addition to this, this assignment will be discussed about different kinds of legal issues and cases as per case study and given appropriate legal solutions by legal provisions of the country. Beside from it, this assignment also would be discussed about legal solution upon based upon Italy and UK countries legal system for a different legal framework. TASK 1 P.1. Different sources of law and laws that organisations must comply with The English legal system has been formed in four main sources. Statutes or Acts of parliament is made by parliament of the UK. English law has been formulated in four ways such as namely legislation, case, human right and EU law(DAILY, KIEFF and WILMARTH JR, 2014). Common law enforces in those areas where parliament was not very important. It could be said that, there are varied of sources can be seen which is as following: M.1. Evaluate the effectiveness of the legal system of recent reforms and developments Constitutional law:The first source of constitutional law. There are tow constitutions are applied on each state of the nation which is federal and UK constitution. In case of UK constitution, it is in written form and it provides several kinds of rights to UK supreme court in case of making major decision. It is called statutes are laws passed by parliament of the country and basically it is the highest for of law. It assists the supreme court in case of judging in the court as per constitutional laws defines in its law provisions. Legislation:UK legislation derives from number of different sources. UK parliament is supreme body for United Kingdom. Legislation provides essential legal provision to the UK government in order to make major decision regarding several cases. Legislation could also consolidate or codify law (Bryman and Bell, 2015). Legislation derives from passed act by parliament in nation and with assistance of this, they can make several decisions concerning many cases. European law:This is also one of major source of English legal system. European law, laws and legal traditions that are either shared by or characteristics of Europe. European legal
system refer to the historical, institutional and intellectual factors that European legal system tend to have in common (Folsom and et.al., 2013). So it could be said that, European legal system provides appropriate value to English legal system through which its authorities can make prime decision and enfoce on some critical cases. Laws that organisation must comply with In UK, each organisation must comply with some essential provisions of legal system in business sector. In case of proper running of business function, each organisation must comply with these legislations: Corporation Act 2001:As per legal provision of this act, it defines about the details requirements relating to companies and financial products as well as services of business must be in appropriate form. Firm must need to fill taxation policies in corporation. Anti-Discrimination Act 1991:According to this act, each organisation in UK must ensure that, every workers has been treated with dignity and respect at workplace. No one would be discriminate regarding to colour, age, sex etc. in firm. Work health and safety act 2011:As per this Act, organisation must make sure that, they are providing an environment in form which should be healthier and positive. In addition to this, all must provide safe environment to their employees at workplace (Friedman and Hayden, 2017). Employment right act 1996:AS per this act, every company's employees has right to protect their rights in firm while working and workers can not dismiss with giving notice before. Hence, it could be said that, all these English legal provisions provided by the UK government towards corporation sector of nation must comply with them in proper manner. P.2. Explain role of government in law making and how statutory and common law is applied in the justice court It could be said that, the UK government is playing major role in case of making law in the nation. The House of Commons:At this stage, members of parliament(MPs) are those peoples who are directly elected by the public to represent in the parliament. These members play major in case of making law in the nation.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
The House of Lords:In this section, the member of House of Lords are selected from life peers, the most senior bishop in the Church of England. In the house, there are 12 most senior judges are sitting here and they play major role in passing a bill (Glenn, 2014.). Bill:A bill could be considered as a legal draft which is made by civil lawyer of government and it just reveals details about provision law. There are 3 types of Bill here, which is public bill, private and private members bill. First reading:At this stage, the bill title and what is included in it, these all are sections are reading in the house of commons. Second reading:in this stage, The detailed on the bill is discussed and amended in parliament. MPs of House of Commons vote for the bill whether it is pass or not. Committee stage:After that, the bill is sent to committee of House of commons for detailedexplanationaboutbillssomeessentialamendedismadebythemifnecessary (Gollakota, K., Gupta, V. and Bork, J. T., 2010). Report stage:After amended of committee stage, the committee reports the bill is sent to further debate in this stage. Third reading:A short debated is to be done in the stage and decide whether it ought tobe accepted or rejected. House of Lords:Then, The Bill is sent to be House of Vommons to go through above mention 5 stages and some important rectifications are made and then set it to House of Commons. Royal ascent: Atthis stage, monarch has to formally approve the bill and then becomes an act of parliament. This action must be taken as per the Royal ascent act 1961 (Hazard, Hodes and Jarvis, 2014). TASK 2 P.3. Using a specific examples illustrate how company, employment and contract law has a potential impact upon business AS a junior legal executives in a small law firm in UK, I need to give proper legal advice to my all clients as given in the case. M.2. Differentiate and analyse the potential impacts of regulations, legislation and standards 1. According to United Kingdom company law, in case of patel and kejriwal, both persons are fiends and who has planed to start the business of manufacturing soaps. They are
inspired by leading brand called Lifebuoy company (Jones and Sufrin, 2016). As per legislative provision regarding to company patent Act 1990, they could not give same name as lifebuoy, both persons are debating in case of what to name their company either Litebuoy and Likebuoy. As they have prime objective in order to replicate name of the leading brand Lifebuoy. So the legal stipulation defines that a one company name cannot by the same as another registered company's name. They have to conduct a legal meeting with a senior solicitor of the country and select a specific name for their company in respect to starting the soap business in industry. They must be agree on particular name either Litebuoy or Likebuoy and then their product name as same as Lifebuoy company name. So it could be said that, they have to decide one option of their company name.The potential impact of this act is that, both party would be able to satisfy on one decision and they will not coy of other company's name and products. 2. As per this case, the Employment right act 1996, enforce in this case. As the Teresa is an employees in Patel and keiriwal's company so metthew instruct Teresa not to take orders from franc customers in the Future. Teresa is very upset about this and has decided to refuse to carry out their services in the organisation further. AS per anti-discrimination Act 1991, Teresa was not fairly treated by Metthew at the workplace because he had Patel and his friend had a bad holiday in France because of unfair consequences in the country. So, as per this act Teresa has rights to make claim on Metthew and Patel in case of treating with discrimination situations at the workplace (Kaplan, Weisberg and Binder, 2014.). So they have right to claim on them regarding to discriminating with country's culture and some other reasons. As per legal norms, both person must give appropriate compensation to Teresa for her losses her job from the firm. The potential impact f this legislative provision is that, Teresa would be able to fair treat by anyone at the workplace and also give her fair justice at the working environment.s 3. As per the case, it has been seen that Mrs Dorothy purchased a washing lachine from Vendor TJ Philop & Co. under the EMI plans. The machine has a warranty of 1 year and after 3 months, it had been seen that, Mrs Dorothy did not use the appropriate power supply that resulted in the motor being burned. As per the contract law, she must have to pay continue to EMIs to the company and according to warranty policy, the company need to provide services to repair washing machine motor. So it could be said that, as per contact law, the breach of contract has been enforced in these circumstances. Mrs Dorothy refused to pay the balance of EMIs and was sued by the washing machine vendor have right to sue on him because she has refused to
pay remaining balance (Khurana, 2010). As per contact policy and warranty policy the company will provide repair services to him and Mrs Dorothy should continue to pay remaining EMIs to the vendor. The potential impact of this legislation is that, both the parties will be able to get fair judgement as per English legal system and it makes positive impact on the specific situations regarding to solving such issues. TASK 3 P.4. Suggest appropriate legal solution to business problems M.3. Assess the positive and negative impact of legal solutions to business problems 1. As per given case, in this a construction company, Samuel Home Builder(SHB) Ltd is assigned to construct a band new 3 bed independent villa for Mr Rawal for an agreed price of 500,000. SHB has abandoned the work after completion only 60% of the house. Mr. Rawal has made substantial payments to SHB Ltd for the work. Mt, Rawal finished the construction using the materials left by SHB Ltd (.Malloy, 2014.).After that, the company has sued n Mr. Rawal for the value of the material used by Mr. Rawal and for the value of work. In this contract, Termination of contract has been enforced in these circumstances. Once a par formally agreed to a contact, they become liable under law to fulfil their contractual duties. In this case, termination of contract lawfully enforced in terms of impossibility of performance the duties of the company towards SHB Ltd. In such situations, by Mr. Rawal, has complete their obligation in order to paying substantial payment to the firm but he has finished the construction utilising the market left by company at the workplace. So the claim filed by the company is not void by law, because they have already paid for all raw material for construction which was presented there, so as per legal system, with the assistance of experienced lawyer, Mr. Rawal could file reclaim on the firm against their claim on him. So the company need to refused their claim made on Mr. Rawal and pay appropriate payment to him in order to recover his losses in the company. 2. According to this case, over the last year âDarren Dolphy Ltdâ have really struggled and have seen their business go down dramaturgically (Mann and Roberts, 2011). As a consequence, a winding up order was made on 15thJuly 2014 against Darren Dolphy Ltd, following a creditor's petition which was presented to the court on 28thJune 2017. Saraswat has been appointed liquidator of Darren Dolphy Ltd organisation. Three are some creditors of company has been seen that is, Northolt Bulding Soceity, which is owned 180,000 and has a fixed charge over Darren Dolphy freehold premises. Darren Dolphy premises have been vaulted
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
at 150,000 Euro. As per companies act 2006, it could be said that, in case of Darren Dolphy Ltd organisation falling down grammatically (Parker and Nielsen, eds., 2011). They have been identified that, the firm creditor's has not fulfilled their obligation to giving sufficient money towards the company. Darren Dolphy Ltd has premises have been valued at 150,000 Euros that they have to recover from their creditors premises. So it could be said that, the company can recover all costing incurred from saraswat which is 10,000 Euros. So according to company law act, the corporation can required sufficient amount of money from their creditors in respect to running of their business and its growth as well. TASK 3 P.5. Provide justifications for the use of appropriate legal solutions Justification for both the cases using appropriate legal solutions: 1. In case of Mr. Rawal, according to termination of contract in the given scenario, at the initial level of this contact, both parties were agrees to a contact, they become liable to fulfilment of their contractual obligations as per contact policy. So the act defines that in case of failure of performance of the each terms started in the contact can result in a breach of contact lawsuit or other legal liabilities etc. so it could be said that, often time. In case of termination of contract, conflict situations occurs. Home Building Ltd. Has been signed a contact to construct a brand new 3-bed independent villa for Mr. Rawal and he has made substantial payment to SHB Ltd. For the work. After completion only 60% of the house. The company has refused to fulfilling their obligation as per contract in the business (Myers, 2013.). However, Mr. Rawal finished the construction using the materials left by SHB Ltd. As per the legal provision concerning to this type of cases. The company should have completed all works as mentioned in the contact, and Mr. Rawal is able to use of these all raw materials of construction which has been left by company at the workplace. Hence, it could be said that, claim made by company must be refused by legal norms and Mr. Rawal has rights to can file a claim in court against SHB Ltd. Company and recover losses that he may have incurred in the contract. 2. In this case, over the year Darren Dolphy Ltd have really struggled and have seen their business go down dramatically. As a consequence, a winding up a order was mase n 15thJuly 2017 against Darren Dolphy Ltd, following a creditor's petition which was presented to the court on 28thJune 2017. Saraswati has been appointed liquidator of Darren Dolphy Ltd organisation. In these situations, according to company law 2006, it could be said that, in case of increment in
creditors, the company need to sell their all assets in cause of fulfilling creditors financial requirements form the company. These rations seek to determine the ability of a firm to avod financial distress in the short-run (Santoro, 2010S). According to contract act, Saraswat need to distribute sufficient amount of money as per their investment share in the firm. It could be fulfilled by selling company's various assets in the market for getting adequate amount of money to giving all creditors to overcomes form solvency. As per the ration of their investment in company, Saraswati need to distribute it's all assets to its creditors. TASK 4 P.6. Recommend legal solution based upon a different country's legal system and different legal framework M.4.Compare and contrast the effectiveness of these recommendations Use of arbitration act as per Italy country: The Italian rules governing arbitration proceedings are mainly provided by article 806 to 840 of the Italian code of civil procedure. In this case, as per the article 806 CCP all disputes are arbitrated under Italian law. In this situation, arbitration act of Italy could be enforced legally in case of resolving this disputed between Al Burj gas supplier entered into a long-term gas supply and purchase contract with SRS Plc. In 2011. In this case, both the parties could use thss process the parties to the dispute chose an independent third part known as arbitration to act as a judge. As per this case, the contract was governed by the law of the country where SRS company is based and stipulated that all disputed relating to the contract were to be referred to arbitration. In 2013, Plc. Commenced arbitration in Italy claiming breach of contract as a result of Al Burj's failure to deliver gas to the company (prague and Lyttle, 2010). Both company can use of arbitration act as per Italy legal system and chose a third party which is known as arbitrator. Arbitrator listen both parties issues and as per their experience and expertise, make appropriate decision on which both party ought to be obliged. Use mediation as per UK legal system: This is the most common form of alternative dispute resolution. In situation of Al Burj suppliers enter into a long term gas supply and purchase contact with SRS Plc. In 2011.in this beach of contract, both party can utilisation of mediation contract norms as per legal provision of UK legislative system (Whish and Bailey, 2015). They need to select a mediator unlike a arbitrator who will listen both parties issues and after listening, mediator will make decision as
per their expertise in these areas. In 2013, Al Burjs failure to deliver gas, need to present issues and barriers in front of mediator and as per their knowledge, mediator would make relevant decision towards proper business solution. CONCLUSION From the above analysis, it could be concluded that, UK does not have Uniform legal system. It can be said that, the UK parliament and government has play essential role in terms of making law in the country. In addition to this, this report also concludes about suggestion of appropriate legal solution as per various UK's legal provisions. Recommendations on legal solutions based upon Italy and UK in order to making resolving issues of their business contract. Hence, all they need to follow legislative provision in terms of resolving issues.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
REFERENCES Books and Journals Bryman, A. and Bell, E.,2015.Business research methods. Oxford University Press, USA. DAILY, J. E., KIEFF, F. S. and WILMARTH JR, A.E.,2014. Introduction. InPerspectives on Financing Innovation(pp.13-16). Routledge. Folsom, R. H., Gordon, M. W., Spanogle Jr, J. A. and Van Alstine, M. P.,2013.Principles of international business transactions. West Academic. Friedman, L. M. and Hayden, G. M.,2017.American law: An introduction. Oxford University Press. Glenn, H. P.,2014.Legal traditions of the world: sustainable diversity in law. Oxford University Press(UK). Gollakota, K., Gupta, V. and Bork, J. T.,2010. Reaching customers at the base of the pyramid âa twoâstage business strategy.Thunderbird International Business Review.52. 5. pp.355-367. Hazard, G. C., Hodes, W. W. and Jarvis, P. R.,2014.Law of Lawyering. Wolters Kluwer Law & Business. Jones, A. and Sufrin, B.,2016.EU competition law: text, cases, and materials. oxford university Press. Kaplan, J., Weisberg, R. and Binder, G.,2014.Criminal law: Cases and materials. Wolters Kluwer Law & Business. Khurana, R.,2010.From higher aims to hired hands: The social transformation of American businessschoolsandtheunfulfilledpromiseofmanagementasaprofession. Princeton University Press. Malloy, M. P.,2014.Banking Law and Regulation. Wolters Kluwer Law & Business, Aspen Publishers. Mann, R. A. and Roberts, B. S.,2011.Smith and Robersonâs business law. Cengage Learning. Myers, M. D.,2013.Qualitative research in business and management. Sage. Parker, C. and Nielsen, V. L. eds.,2011.Explaining compliance: Business responses to regulation. Edward Elgar Publishing.
Santoro, M. A.,2010. Post-Westphalia and its discontents: Business, globalization, and human rights in political and moral perspective.Business Ethics Quarterly.20. 2.pp.285- 297. Sprague, R. and Lyttle, A. J.,2010. Shareholder Primacy and the Business Judgment Rule: Arguments for Expanded Corporate Democracy.Stan. JL Bus. & Fin.16.p.1. Whish, R. and Bailey, D.,2015.Competition law. Oxford University Press, USA.