Contract Law and Partnership Agreement: Essential Elements and Consumer Protection Act

Referral Assessment
Contents

INTRODUCTION...........................................................................................................................2
MAIN BODY..................................................................................................................................3
PART 1............................................................................................................................................3
PART 2............................................................................................................................................5
PART 3............................................................................................................................................7
CONCLUSION................................................................................................................................8
REFERNCES...................................................................................................................................9
INTRODUCTION
Business law is a commercial practise which outlines all the general legal regulations and
rules through which the company can manage their systematic working with the compliance and
the rules provided by government. In UK there is common law system which have partly written
and not wholly codified laws. Some of the main legal regulations which are applied in the
organisational working are Employment law, Contract Act, Companies act and many more. This
act incorporates and deal with all the agreements, working and the statutory compliance.
Employment law 1996 is made in order to promotes the rights to be given to all the employees
working in the company and also to all the general regulation which are like wages, time hours,

leaves, health and safety and so on(Clarkson and Miller, 2020). In contrast, the contract law in
UK accompanied with all the agreements which are being enforceable by law and also helps in
protection all the legal rights of the person in performing any task. There comprise of so many
remedies available in aw through which the protection is given to the parties from breach. This
report will showcase about the contract law and their essential elements in relation to offer and
acceptance. Further it will also elaborate about the provision which can be applied for the faulty
and defective goods and the rights and the duties which are drawn to all the partners in relation to
partnership agreement of the company.
MAIN BODY
PART 1
In UK there implies the Common law system in which they have all the rules and the
regulation with which the contract in the parties are framed through the rules which are made by
the government or the higher authorities. In Contract Law the main areas and the aspects with
which the agreements are drawn in the parties are thorough the contractual obligation made
between them. contract law can be accomplishing when all the essential elements of it is
covered. They are like, offer this is generally an invitation top treat in which the person generally
invites the other to complete the task which required to be performed. This is needed to be
communicated to the other party to whom the offer is being drawn. Another is acceptance it
complies with all the communication which are drawn between the parties and this can be made
through the agreeing on the offer or the invite which is made in the parties(Davidson and
Forsythe, 2020). This can be express or implied in which the consent of the party on agreeing on
general term is given. When the offer is given to the offerer then it complies to be the agreement
drawn in between them. another important element is consideration this is the monetary value
which is applied and is decided between the parties. It is mainly the amount which is applied and
discussed in the party for completing the contract. Lastly, there is legal intention to complete a
contract all the parties will have to be faithful towards framing the contract. And all the material
facts are required to be disclosed with proper legal intentions.