Doc The Legal Framework and Legal Solutions

Added on - 22 Nov 2020

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The Legal Frameworkand Legal Solutions1
Table of ContentsINTRODUCTION...........................................................................................................................3LO1 Explain the nature of legal system.......................................................................................4LO2 Potential impact of the law on a business...........................................................................5LO3 Different types of business organisation.............................................................................7Types of business organization:..................................................................................................7Forms of organizations are influenced by legal & tax issues and personal & financial concerns.There are different types of organizations, they are described below:........................................7LO4 Appropriate legal solutions to resolve areas of dispute.....................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11Books and Journals....................................................................................................................112
INTRODUCTIONLegal system consist a formal process or a procedure in which enforcing and elucidation oflaw is elaborated. This system defines basic rights and responsibilities in many different ways.There are mainly three form of legal system that includes civil law, religious law and commonlaw. Main rationale of a legal system is to resolve a disagreement in a systematically, orderly andpredictable manner. Legal system acts as an most important part in any business framework as itprovide a formative guideline in which a manner is given of what is firmly accepted in a society.It is important for an organisation or a business group to abide all the necessary laws andregulations in order to avoid conflicts and accept occurrence of change in a society in an easymanner. In this report discussions has been made on, nature of legal system along with potentialimpact of law on a business. In addition with this, project covers creation of various types ofbusiness organisations and suitable legal solutions to resolve areas of disputes.TASK 1Explain the nature of legal systemMain purpose of a legal system is to offer a well orderly, systematic and predictablemechanism to solve disagreements.English legal system:English law is universal legal law system which is being followed inprovinces of England and Wales. This law mainly covers three important prospects that includecivil law and criminal law. In this every branch owns their courts and procedures. This law ismainly consider as original of the common law and are commonly based on those values.Main principles of the legal system:There are mainly three major principles of a legal system that include justice, fairnessand equality before the law. The legal system lawmakers of United Kingdom strive toaccomplish equivalent outcomes for all and protection of their citizens in an equal manner andmake fair decisions. In context with company it is important to abide all necessary legal doctrineframework set by UK government in order to perform their operations in a provisional mannerwithout facing any legal hindrances.Effectiveness of the legal system:Well- functioning of legal system in an organisation not only protects rights of customersbut it also offer fair judgement criteria. By abiding all legal and regulatory laws can effectivelyensure treatment of their disputes in a neutral way without facing any kind of biases form any3
other party. Thus, effectiveness in legal system ensures quick resolution of issues without facingany exorbitant costs.Online business units deal with their customers through app and websites. In thisconsumers place via their website and app. Therefore, in order to protect customers data andinformation a law has been proposed by UK government named The Data Protection Act 2018 ,as per this law companies those who operates their business operations via online mode arerequired to protect interest and information of their law from being get misused. It is necessaryfor organisations to abide this legislation as it may affect its business operations in many ways.Mentioned below description of law is provided:Data Protection Act 2018:This law was come into force on 25 May 2018. As per according to this law which isimplemented by UK’s governance body in which it is necessary for all business organisations touse information of their potential customers in fair, lawful and transparent way. Therefore, it isimportant for Company to abide in law in a possible manner as it will benefit them to buildbeneficial relationships with their customers and help them to expand their business in manydifferent locations of London. There are many important concepts framed by UK governmentwhich is covered under this law which is briefly disclosed below:It is important for a business organisation operating their operations through onlinewebsite to provide information to government in a way in which they share and collectinformation about their customers.In addition which this, as per according to this law, it is important for other relatedbusiness organisations to give a record to government in relation to a manner in whichconsumers process review and change their personal information on company providewebsites and app security.Along with this, it is necessary for company to provide government information abouteffective date of their policy and description of any further change.In order to conduct business operations in best effective and legal way it is important forCompany to comply with this law. For this they are required to set up a privacy policy on theirwebsites and make their consumers and other related websites users agree on it when there is aneed to collect information about them. Non compliance of this law affect company as managersand directors of company cab be held criminally liable. Along with this Non fulfilment of the4
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