Business Law: Understanding Legal Systems and Solutions

This report delves into the intricacies of the English legal system, exploring its sources, impact on businesses, and practical applications. It examines the concept of parliamentary sovereignty, the role of government in law-making, and the application of statutory and common law in justice courts. The report further analyzes the potential impact of company, employment, and contract law on businesses, using specific examples to illustrate their implications. It also explores appropriate legal solutions for business problems, including winding up procedures and breach of contract scenarios. The report critically evaluates the effectiveness of traditional legal solutions and explores alternative dispute resolution (ADR) methods, such as arbitration, mediation, conciliation, and negotiation, as viable alternatives for resolving business disputes.