The Role of Law in Business - Desklib

This presentation covers the role of law in business, including evaluation of the legal system and law, effectiveness of recent reforms, government's role in law making, and impact of company, employment, and contract law. It also explains the formation and management of different types of business organizations and the differentiation between legislation, regulation, and standards. The presentation is relevant to Unit 7 Business Law and includes references for further reading.

THE ROLE OF LAW IN
BUSINESS

TABLE OF CONTENT
• INTRODUCTION
• TASK
• Provide a coherent and critical evaluation of the legal system and law, with evidence drawn from a range of
different relevant examples to support judgements.
• Evaluate the effectiveness of the legal system in recent reform and developments.
• Explain the role of government in law making and how statutory and common law is applied in the justice
courts.
• Using specific examples illustration how company, employment and contract law has a potential impact upon
business.
• Differentiate between legislation, regulation, and standards to analyse potential impacts upon business.
• Critically evaluate the formation of different types of Business organisation.
• Assess the advantages and the disadvantages of the formation of different types of business organisation.
• Explain how different types of organisations are legally formed.
• Explain how business organisation are managed and funded.
• Equity Funding- In such sources of raising fund, ownership got sell. In this source entrepreneurs didn't pay
the funds back.
• CONCLUSION
• REFERENCES

INTRODUCTION
Business law is the comprehensive learnings on businesses rules and
regulations and its applications within the territory of United Kingdom.
Business law also known as company law which cover and regulates
business conducts. The laws covered in business law are, Company law,
employment law, contract law, etc. the idea of business law is to protect
the interest of business holders and other faculties associated with
business. The report will cover all the relevant extract and information
pertaining to business law which consist in four different parts .

PROVIDE A COHERENT AND CRITICAL EVALUATION OF
THE LEGAL SYSTEM AND LAW, WITH EVIDENCE DRAWN
FROM A RANGE OF DIFFERENT RELEVANT EXAMPLES
TO SUPPORT JUDGEMENTS.
The legal system of UK is a mixture of civil and criminal law.
United Kingdom is the union of four countries out of which
three has separate legal jurisdictions. The legal system of UK is
based on common law. There is no written constitution of UK,
the legal system is derived by the common law and the laws
made by the parliament which gets the final approval from the
head of the state which is the Queen. English legal system is
very critical and huge in terms of its interpretations.

EVALUATE THE EFFECTIVENESS OF THE LEGAL
SYSTEM IN RECENT REFORM AND DEVELOPMENTS.
There has been substantial changes so far made
in the English legal system for better and
effective promotion of rule of law with the aim
to cover all the entities. The object of law
reform is to provide access to everybody.
Essential changes made in legal system to
eliminate the stigma that only rich people can
make access to justice not poor.

EXPLAIN THE ROLE OF GOVERNMENT IN LAW
MAKING AND HOW STATUTORY AND COMMON
LAW IS APPLIED IN THE JUSTICE COURTS.
• Role of Government in the law making process
• Parliament is the supreme legal authority which can
initiate the process of law making in the interest of nation.
The UK parliament consist of two house house of
commons and house of loads, the bill is introduced in
either of the house to make discussion and suggestions for
amendments.

Using specific examples illustration how company,
employment and contract law has a potential impact upon
business.
The primary parameters which are described in
the company law, are taken in the account from
the common law of the land. The structure of
the company law will be covering all the scope
for the business mentioned above, for the start
front of understanding the regulations of the
industry,

Differentiate between legislation, regulation, and
standards to analyse potential impacts upon business.
Regulations
The administrative authorities can direct the conduct in
accordance with the regulation,
Often there are business practices which conducted as
individually regulating, such as, Legal regulations, Advertising
Regulations, Marketing Regulations, Regulations which are
linked which the rights and duties of the director of the firm.

CONCLUSION
In the above context, case has been discussed related to
the role of law in business. Firstly, presentation has been
made on power point in which, legal system and law has
been evaluated with the support of the judgements and
the effectiveness has been shown in the legal systems of
recent reforms and developments. Different sources UK
law are mentioned above such as, Common law,
Constitution etc.

REFERENCES
• Carrapico, H., Niehuss, A. and Berthélémy, C., 2019.
The Consequences of Brexit for the UK and for the
Area of Freedom, Security and Justice. In Brexit and
Internal Security (pp. 15-40). Palgrave Pivot, Cham.
• Denoncourt, J., 2020. Corporate intellectual property,
governance and board effectiveness reviews in large
and premium listed UK companies. In Fairness,
Morality and Ordre Public in Intellectual Property.
Edward Elgar Publishing.