Sources of Business Law in UK (Doc)
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Added on 2021-01-02
Sources of Business Law in UK (Doc)
Added on 2021-01-02
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Sources of laws......................................................................................................................1P2 Role of Government in making laws.....................................................................................2TASK 2............................................................................................................................................3P3 Effect of employment and contract laws...............................................................................3TASK 3............................................................................................................................................4P4 Solution to the Problem.........................................................................................................4P5 Justification of Solution.........................................................................................................4TASK 4............................................................................................................................................5P6 Alternative Dispute Resolution..............................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................7
INTRODUCTIONTrade and Commerce has been exercised from historical time. Every state has their ownpolicies of business. Bunch of these policies are known as Business Laws. It is mandatory forevery business organisation to obey such laws enacted by the regional government. These legalobligations are enforced upon trading entities to avoid any contingency with respect to business.It is usually comprise of sales of goods, employment laws, contract laws, consumer protectionand their rights etc. For executing a business it is also necessary for an organisation to getregister or incorporated. Business Future is a consultancy which provides advice to various startups and already existing organisations to expand their business. Country Pine is seeking legaland business advice for the expansion their business. This report includes a brief explanation ofvarious sources of laws in UK and other statutory provisions which deals with expansion orstating up an organisation.TASK 1P1 Sources of lawsLaws are considered as significant pillar of a civilised society. These are the terms andconditions made by governing entities, binding upon its citizen. So to avoid any revolt againstthese policies law are constructed according to the needs of society. Generally Customs are usedas primary source of laws with constitution, international conventions and treaties. Customs arethose practices which is performed by society for a long time and it has been a part of theirculture. Constitution is defined as supreme law under which other statutory obligations areconstructed, it usually deals with fundamental rights and directive principles with other legalobligations. Treaties are taken as essential source for building trade and business laws becausetreaties are one of the medieval sources, when trade and commerce was conducted globally.(Bagley, 2010) There are generally two types of sources Primary and Secondary. Sources that arediscussed above, comes under Primary one. Secondary Sources includes, the courts judgementsand precedents. Sometimes issues are new and laws related to it are not being able to find inexisting acts, so these cases acts as guidelines for the construction of new laws. In UnitedKingdom, European Laws are the primary source and it is formed by legislation or parliament.European Laws are applicable in European Union. EU is a group 28 states where business is1
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