Evaluating the Impact of Company, Employment & Contract Law

This essay examines the significant impact of company, employment, and contract law on business operations, particularly within the UK's common law system. It highlights how these legal frameworks, including the Company Act 2006, Minimum Wage Act 2021, and relevant case laws like Donoghue v Stevenson, shape business practices and influence organizational decisions. The discussion covers various sources of law, such as European Union law and parliamentary conventions, and their roles in shaping legal landscapes. Examples like TESCO are used to illustrate the practical application of these laws. The essay concludes that understanding and adhering to these legal frameworks is crucial for businesses to maintain ethical standards, ensure fair treatment of employees, and achieve sustainable growth in competitive markets. It emphasizes the importance of staying informed about legal developments and adapting business strategies accordingly.

INTRODUCTION
Business law refer to set of strategic directions, actions and decisions
that plat important for in the context of a company or venture growth in the market.
The main purpose of corporate law is to maintain order, establish common
accepted standards and resolve critical issues in effective manner that is quite
important for governmental bodies to do so. The current presentation will specify
varied sources of law, role of government in law making and how common &
statutory law is applied in regard to justice courts. Furthermore, it will also explain
the impact of employment, contract and company law on local businesses with
relevant examples.
Explaining different sources of law-
There are varied sources related to law in the UK accessible that is
important for a company whether it is private or public to take into their
consideration, in order to sustain and growth their ventures. These sources are;
European Union law- This regulatory framework is considered as one
of those systems of laws that have particularly 20 members of EU, among which
each member is able to take strategic decision about any case or issue. As a key
system it may overrule the national regulation of each member nation when there
is a critical situation occur between national and European Union law. The best
example of this law is European Union Act 2020, which define that UK makes
legal terms in order to ratify Brexit withdrawal contract and incorporate it into
national law of the nation.
Parliament-
It is another source of law, which basic function is to make laws
appropriately. Each legislative proposal might be brought in term of bills before
parliament. It is one of those key procedures that parliament in the UK consider
specific draft regulation and finally approves that at the end. It can be said that
parliamentary conventions is included in category of national sources of law that
are not strict rules of regulations, but still their breach lead to breach of law. It
may establish in English legal system and support compensate for the United
Common law-
England & Wales is the best example of common law legal
system, that has been founded by subject matter heard in simple cases,
because of that it may create by the experienced judges. It can be said that
this law is considered as the source of both procedural and substantive
laws, in the UK. Theft Acts 1968 and 1978 are also included in list of those
acts that are related to the term “Common law”. These types of laws are
governed for purpose of solving common issues and cases such as robbery,
theft, and other types of situations.
The role of government in law making and how common & statutory
law is applied in the justice courts- Law making is one of those beneficial
and essential procedures that drive the attention of governmental bodies
toward crafting key legislations that are important and useful too in several
terms. Government play important role in the context of overall process in
term of forming laws and then passing according to reliability and
effectiveness in different cases. It can be said that the world of business is
quite challenging, just because of this reason governmental bodies may
give their approval to pass specific law and make it effective in several
terms. It may have two types of functions that are related to law making
process, first is to draft any regulation and amendment of laws.
Furthermore, according to second function, government in the UK may take
approach to scrutinize overall draft laws before United Kingdom parliament
prior to adopt that appropriately.
They may effort to develop the best and new policies and rules just to
approve for making legal impact to each policy. According to the third
stage of passing a bill, is law goes to committee, which driven the overall
concept at fourth phase where subcommittee reviews a specific bill and
then mark up of that. Fisher vs Bell is the best example of common lase
cases where Company Act 2006 is being applied in the UK and considered
the best example. It can be said that under common law of contract, justice
court may determine that description of an article with a price on it in an
outlet window. Fisher v Bell QB 394 is an EU contract law case that
focused on offer and approval in formation of a business contract. In this
case with the help of company law, judges in justice court may do not
consider at what intension of lawmaker is, they take approach to decide
between two possible useful of word and take decision just for legal term.
Explaining the impact of company, employment & contract law on
local business with specific examples- In the world of business,
contract law, company & employment legislations may put positive
impact on any local venture in the UK. As it may drive their attention
toward providing the best and most satisfactory facilities to employee
according to Equality Act 2010, terms. When a company utilized the
company Act 2006, it may put positive impact on their growth and
success. For example, TESCO may consider this regulatory concept in
effective manner, that may help to run its venture in the UK successfully.
It is the main element of legislation that has been governs organizations
in the United Kingdom. The most essential and beneficial goal of this act
is to modernize and clarify company law, approve improve rights to each
stakeholder and codify directors to accountabilities which they may take
into their consideration in appropriate manner. Furthermore, when it may
follow Minimum Wage Act 2021, organization may drive their attention
toward offering minimum amount of money to each employee on the
basis of their job role instead of considering their gender and other
discriminative basis. NHS case related to workers pregnancy is the best
example of employment law situations according to that candidates
asked when her pregnancy was planned and discriminated against
tribunal policies. Donoghue v Stevenson is another example related to
common law and help in 1932 which is documentation as initial to
develop the contemporary law of negligence. Along with above cases,
Anglo petroleum ltd v TFB case is also included in specific category and
that is company Act 2006, which drive the attention of key directors
towards taking right action and decisions. The consideration of each
concept or legislation may help to set-up a limited organization in the
UK. It may help to gain benefits of different laws and practices.
CONCLUSION
On the basis of above discussion, it has been concluded that
by following the regulatory frameworks terms and conditions,
organizations has sustained forever in the market and chose industry.
They have gained competitive edges in bulk by considering key laws
and regulations related to employment in term of hiring people on the
basis of their effectiveness instead of age, gender and other basis.
Furthermore, from above analysis and explanation, it has been
identified that by using common and other types of laws such as
statutory, the high authority in justice courts has resolved disputes
matters appropriately that is essential.
REFERENCES
Blanco, E.M. and Pontin, B., 2017. Litigating extraterritorial nuisances
under english common law and UK statute. Transnational
Environmental Law. 6(2). pp.285-308.