Legal Issues in Business Organizations

Legal Issues in
Business Organizations
Tourism and Events
Organizations
Assessment for 2021

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Demonstrating the Impact of Company Law, Employment Law and Contract Law on
Business..................................................................................................................................3
CONCLUSION................................................................................................................................7
REFERNCES...................................................................................................................................8

INTRODUCTION
The Companies Act of 2006 governs business in the United Kingdom, whereas Employment
Legislation governs employee relations. The regulations govern the business or entity in
conformity with existing laws while taking changing customer demands into consideration. On
the other hand, the goal of employment legislation is to settle workplace issues and preserve
improved employment relations between employers and employees (Stokes, 2021).
Employment law assures that the company follows the same set of laws and regulations as
other companies. When there are no employment rules in existence, employers treat their
employees unfairly. Contract law, on the other hand, seeks to govern the parties' agreement. Its
goal is to regulate contracts and give a remedy in the event that stipulations are broken. As a
result, the essay will look at how company law, employment law, and contract law affect
business prospects.
MAIN BODY
Demonstrating the Impact of Company Law, Employment Law and Contract Law on Business
The Company Act of 2006 was passed by the United Kingdom parliament as the primary
system of authority. The act contains about 1300 components jammed into 700 pages, making it
the UK's longest piece of legislation. The New Corporation Tax Act of 2009 repealed the act.
The major goal of the act is to reform and clarify the laws created under company law by
codifying the requirements of company directors, providing expanded rights to the company's
stakeholders, and lowering the extra strain imposed by firms based in the United Kingdom
(Gordon and et. al., 2021). It also protects others, including the government, from violating the
privacy guaranteed by the act. The goal of company law is to provide direction and advice for
conducting commercial activities in an ever-changing environment. For example, it enables
corporations or other parties to submit a complaint in the appropriate court or to seek alternate
dispute resolution methods. The principle of company law enables businesses to better
comprehend their employees' personal standards. These regulations assist the company in
conducting fair trades and deals. It includes remedial action for efficiently resolving issues.
In Salomon v Salomon & Co Ltd [1879], the concept of a "separate legal entity" was also
introduced into company law. It safeguarded the owners' personal property from being used to
pay off the company's obligations or liabilities. The firm is treated as a legal entity in the eyes of