Understanding Business Laws and Legal Consequences
Added on 2020-10-22
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Legal Framework and Legalsolutions
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Sources of law and nature of English legal system .........................................................1P2 Identified the role of government in making law .............................................................2LO 2.................................................................................................................................................3P3 Methods of contract law and employment have effect on organisation............................3LO 3.................................................................................................................................................5P4 Proposing the legitimate answer for settling the organisational issues ............................5P5 Justification ......................................................................................................................7LO 4.................................................................................................................................................8P6 Recommendations for legal system and structure.............................................................8Concept and benefits of using the Alternative Dispute Resolution Process.........................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONBusiness law is the set of legal regulations which are developed by government andparliament. These laws are designed with consideration to various issues or problems faced by acompany or organisation. The laws finally developed are formulated by the legal bodies orauthority in the nation to manage and control legal issues. There are various laws and regulationsimposed in different countries. The business laws ensure proper and legal functioning of anorganisation. For instance, English law regulates and manages organisations operating inEngland and Wales. The present report is in context to conflict between two businesses or partieswith regard to contract, sales and merger. The report will help in developing effective knowledgeand understanding of English legal system that controls legislations developed as well as appliedin England and Wales.TASK 1 P1. Sources of law and nature of English legal systemAccording to the concept of legislation, the main purpose of developing legal norms is tomaintain and manage basis of legal structure of a community and providing the most appropriateor suitable solutions to issues being faced by organizations or businesses. It helps a business torun its activities and functions smoothly. The companies fail to follow legal laws or norms, thenin such condition it faces legal consequences, penalties etc. English legislation is developed bythe legal authorities within British legal system. Laws under English legal system are formulatedby the government that are responsible for governing and regulating activities of organizationsoperating their functions within England and Wales. The English legal structure is sectionedwithin two zones which are crooks and affable. The criminal zone covered by Magistrate court,court of offer and crown court whereas Nation council and High court of equity go under thecommon segment or region. There are various sources of laws which can be described as below -European law - Convention of human rights, this is the act in English legal system thatis affected by the laws under European Union. Business law is a critical element ofEuropean Union law that manages various directions enabling an organization and itsfunctions easily and effectively(Bagust and et.al, 2015).1
Statutory law – It is an important element of law which is sorted by the Parliament ofUK. This consist of well-being, contract, security and protection related laws. It hasturned in very popularly known as wellsprings of laws changing since 17th century. Customer law – The law based on precedent another collection of control developed bythe English council's judgments. It is connected with the use of American traditions andindividuals. Primary law - These form of laws are developed and designed by the measured forum ofnation. These kinds of laws or norms are affected by various legislation created by thegovernment. Secondary legislation – These types of norms are developed by representatives ofprimary legislation authorities. Appropriate examples of secondary legislation arenational assembly of Wales act, Ireland Act, etc(Kadish and et.al, 2016).P2. Identified the role of government in making lawLaw making is referred as one of the important parts of the parliament. In the law-ageprocess there are couple of people the general population who contribute well in making asensible request. Government acknowledges a huge part in this strategy. Government time totime takes off changes in the request with the target that they can keep protected and can keepthem away from improper practices. Same concerned with the effective operation of businessexperts affect adjustments toward the way which helps in smooth working of the union. Thereare various phases included in the making of law - Information related to government objectives – At this stage, role of the legal bodiesin the country is to collect information through surveys regarding various problems andissues in the organizations. The legal authorities are needed to analyse situation andidentify most appropriate solution to various problems and issues. Proposal preparation - After the accomplishment of the initial stage, the government'srole is to develop or prepare proposal that needs to include information related to issuesand appropriate solution regarding the same. Proposal to transformation of bill by parliament – The next function of legal authorityafter preparing the proposal is to present it to other small councils. Introducing bill to the parliament council – If in chance, the bill is endorsed by thelawful approves working at little level at that point additionally continuing proposition2
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