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The Essay On Legal Frameworks PDF

   

Added on  2021-01-02

10 Pages2840 Words54 Views
The Legal Framework andLegal Solutions

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................1TASK 2............................................................................................................................................3TASK 3 ...........................................................................................................................................4TASK 4............................................................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONLegal framework is the laws and legislation applicable in the nation which includes set ofrules, procedural septets, status which are established through common laws and government.Legal solution means to provide techniques and measures to resolve commercial disputes underthe legal system. In the present report Pegasus is given details about the English legal systemwhich includes sources and division of the law and how an act of parliament is established. Thestatus of divers in Pegasus is determined with legislation and relevant case law. Alex and Jay areadvised on whether to form a company or not with presenting the legal status and procedure to aregister company, types of organisation, role of director and raising capital for firm. Pegasus isgiven suggestions on how they can solve their business dispute without litigation.TASK 1 English legal system English legal system is one of the most accepted and essential system of EU and isapplicable in more than one nation. This system got authenticity as legislation in 19th century andthe first sources of this law was customs. This system is not in written format yet in UK. Sources of law:Primary legislation: This is primary power given to the Parliament to enact the lawswhich are applicable to whole nation without any discrimination (What is an Act of Parliament?,2018). Secondary legislation: the local and public bodies are given delegated to form laws andregulations on certain matter which are deemed by the parliament as requiring certain legalframework. The regulations and legislation made by these bodies are applicable to particularcommunity of group of people.Case laws and precedent: the decision pronounced by the in a court proceeding get abiding effect with doctrine of judicial precedent. The decision so passed must be referred by thelower court on the cases with similar subject matter.Common laws: The common law is an important source of key legal principles,particularly in relation to the preservation of the rights of the individual against the state and therule of law. The common are formed with taking relevance from the local customs. This is thefist source of law for UK constitution.1

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