Business Law

Business Law
TASK 3

Introduction
Business law is the legal term which is related with the
law of contract. In this two or more parties are
contractual relationship with each other and they are
liable to follow duties and liabilities. It defines various
rules and regulation which have to be follow by the
parties.

3.1 Monopolies and anti-competitive practices
related to UK.
There is a growing concern that, government of UK
has imposed restriction on the overseas companies that
they are not able to comes in the domestic country. If
they can do so then competition of domestic companies
has been increased through which they are not able to
earn profit margin and their survival is also become
difficult with this. According to Competition act, 1999
overseas organizations are not able to enter under the
domestic country.