Understanding of Business Law - Report
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Added on 2020-06-04
Understanding of Business Law - Report
Added on 2020-06-04
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Understanding ofBusiness Law
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different sources of law and legal system..............................................................................1P2 Role of government in framing rules and regulations............................................................4TASK 2............................................................................................................................................5P3 (a) Legal obligation of employees..........................................................................................5P3 (b) Concept of employment and contract law........................................................................6TASK 3............................................................................................................................................7P4 Legal solution for business problems.....................................................................................7P5 Justification of solution..........................................................................................................8TASK 4............................................................................................................................................9P6 (a) Concept of ADR and their advantages..............................................................................9P6 (b) Alternative legal solution................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONAll legitimate business is requiring to operate within framework of law. It is essential fororganisation as well as person to understand that how law works and affects to their business, forexample, while formation of contract will be valuable only if it is enforceable by law. The lawsets out many rules and regulations for organisations, which also governs areas of employmentof staff (Bagenstos, 2013). Although, legal advices from specialist is usually obtained onparticular issues, which also helps them to apprehend core norms of business law and to knowwhen to take legal advice. In present report sources of different law is explained in detail. Alongwith this; government is also playing vital role in making these rules and regulation which is alsoexplained. Further, different case law on employment and contract law is also discussed.Moreover, alternative dispute resolution process is discussed in context of different countrieslegal system. TASK 1P1 Different sources of law and legal systemActs of parliament are also known as sources of English law. Laws and regulations aregoverning by parliament within country. They are making important rules so that they canbalance the interest of different members of community. From these laws natural (human) aswell as legal (company) persons can ascertained that what they are permitted to do and what theyare not. There are different sources of law which is mandatory for individuals as well ascompanies to bind with these rules and regulations (Bishara, 2011). Case law and legislation areto be considered as important sources of ruling. Following are explanation of different sources oflaw. 1
Figure 1: Different sources of law(Source: Sources of English Law, 2015)Legislation – This comprises with primary and secondary legislation. Primary legislationis also known as act of parliament (statutes). This is considered as most important source in law.Another is secondary, which is also referred as delegated legislation. In this, power has beengranted to public bodies or local authorities in frame law for specific purpose by parliament(Cameron, 2017). Parliament consists with legislative function of acts such as: codification, lawreform, consolidation, revenue collection. Figure 2: Legislative functions(Source: Legislative function, 2015)2
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