Report on Business Law (Doc)

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Added on 2020-02-17

Report on Business Law (Doc)

Added on 2020-02-17

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BUSINESS LAW

Table of ContentsINTRODUCTION ..........................................................................................................................2TASK 1............................................................................................................................................31.1 Comparing ELS with European model- i.e. civil and criminal code................................31.2 Outlining the sources of law in ELS ................................................................................31.3 Focusing on act of parliament- stages a bill must go through..........................................41.4 Focusing on lobbying ......................................................................................................5TASK 2 ...........................................................................................................................................62.1 Explaining how various Acts of parliament affect business environment.......................62.2 Explaining the impact of employment law on market place ...........................................62.3 Focusing on the status of people in market place with reference of employed and self-employed................................................................................................................................72.4 Discussing difference between status and legal implications...........................................7TASK 3 ...........................................................................................................................................83.1 Outlining the major types of business organisations in UK.............................................83.2 Discussing the nature and key features of registered company........................................83.3 Discussing the best model for agricultural experiment centre along with the advantagesand disadvantages of PLC......................................................................................................9TASK 4 ..........................................................................................................................................94.1 Discussing alternative dispute resolution (ADR).............................................................9CONCLUSION .............................................................................................................................10REFERENCES .............................................................................................................................10

INTRODUCTION Business law is also known as the commercial law. It is a legal body which has all the rules and regulations that are required to operate the business(King and Raja., 2013). This law deals with the private and public laws both. law is having all the rules which is acquired to run a business. A business man should always have the knowledge about the business law and the implication of same on business.In this report, I am working in the potato council as an intern. The council is responsible for the growth of potato business and expand the market of the potato. I am mentioning the issues which are arise in the company. TASK 11.1 Comparing ELS with European model- i.e. civil and criminal codeELS legal is a judicial body in London. Their function is to look for the legal firms. Theybelieve in the long lasting relation with their clients. They help their clients to solve the problemsregarding the legal issues (Appleman, Appleman and Holmes, 2015). As they are providing thebest services, they are growing year by year. They have understanding of the pressure of legalissues on individuals and businessmen. They serve the private and large organisation. ELS teamhas the deep knowledge about international litigation laws issues and disputes which take placein company. Following are the differences between ELS and European model: Court system: Court of both the models are similar. There are different magistrate courtsfor the different case nature. Most criminal cases in both the models are taken through thelevel of hierarchy. In MLS, the criminal cases are not heard by the separate court. TheELS doesn't follow the tribunal system. While UK model has the tribunal system forsome cases. Sources of legal authority: In ELS, there are two centralized bodies together known ascongress. They are the similar house of parliament. Congress party decides the lawyer forcourt in ELS. ELS is a legal body in London. Legal education: In UK the student doesn't require to have an extra law education if theypursue 3 years law course. But in case of ELS, the student has to take graduation from thelaw school. After that, they need to go for the training and pass exam to become thelawyer.

1.2 Outlining the sources of law in ELS Following are the sources of law in ELS:Primary legislation:They have the legislature document which has certain law passes byparliament.Private acts: ELS collects the information from the private act that are dealt whichprivate places to different people. Public acts: Another sources are public acts in which the information is collected frompublic case and parliament decisions.From the government act:ELS also collects the data from government sources likegovernance rules and regulations along with their application on the businessenvironment. Common act: the court apply the general laws to the solve the problem and give justiceto the innocent party. There are many other sources by which ELS outsources the data to guide clients and helpthem to solve the problem regarding legal issues (Clark, 2011). The ELS employees have greatknowledge about legal formalities as well as rules and regulations applied on a particularsituation. So, they enhance their knowledge and skills by having large source of information. Inthis, ELS helps the potato council to clear laws and legal formalities which can take place duringexpansion. Government also have its policy which affect the business like tax rates. Example: iftax rates get increased, people start more savings and they spend less. In this case, the demand ofpotato decreases. 1.3 Focusing on act of parliament- stages a bill must go throughThere are new laws which are made according to the time passes. According to society,proposals have been made to the parliament to accept the bill. When bills are accepted by theparliament, they become the law which every citizen has to follow in a particular country. If anycitizen fails to follow the act which has been imposed by government, it is punishable under thelaw (Dickerson, 2014). There are many issues which can take place while passing the law such as governmentand society issues that can come into picture. Any member of the parliament can bring the bill.Once the bill is ready, they have to get approval of every house of parliament and they receivethe royal assent. After that, the bill passes and become the law which called as an Act. Any bill

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Report on Business Law (Doc)