Essay on Legal Aspects of Business
Added on -2020-07-23
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LEGAL ASPECTS OFBUSINESS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Types of agent's authorisation.....................................................................................................1CONCLUSION................................................................................................................................4TASK 2............................................................................................................................................5INTRODUCTION...........................................................................................................................5Elements needed for making a good business contract...............................................................5CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONLegal aspects of business simply refers to an environment which is designed bygovernment of a nation for the purpose of organising as well as controlling corporate world inethical and disciplined way (Tobias, Connor and Ferguson-Smith, 2011). In order to do so,higher authorities have created different terms such as various types of agencies like G2S( Group deux sexes), EIA (Environment Impact Assessment), UA (User Agent), EAA (EstateAgents Authority) and many more. Apart from this, several kinds of agents is also made for thesimilar motive. The present report is covering all such prospects and explaining eachterminologies along with specific case laws. TASK 1Types of agent's authorisationThis is important to understand about various terms and conditions for every companiesin order to run their businesses in legally correct manner. Some of the key constructs associatedwith legitimate facets are explained as follows :Agency : It is usually stated as a fiducial kinship which is created between two partieswhereby one is known as an agent who is being under control of another person named asprincipal (Pozgar, 2011). In this scene, principal used to hire an agent for performing certainactions in lieu of him. G2S : It is acronym for Group deux sexes. This is nothing but group of officers whocommonly work together in armed forces of France for the welfare and development of thecountry and its citizens. EAA : It Stands for Estate Agents Authority. Its main aim is to give commonapprehension of the laws and norms associating with encumbrances in Hong Kong to the estateagency practitioners.EIA : This is nothing but Environment Impact Assessment which deals with concernsinter-linked with environment due to entry of specific projects. It is usually used to govern by thepolicies of Town & nation planning 2017 of England. UA : It stands for User Agent. This term is affiliating with an effectual software that actson behalf of users. For example, A personnels working in a company take use of internet forsearching anything. Hence, internet or google (search engine) is treated as user agent in this case.1
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