BTEC Higher National Certificate Unit 7 Business Law Report

This report provides a comprehensive overview of business law, focusing on the legal system, sources of law, and the role of government in law-making within the United Kingdom. It explores statutory and common law, evaluating the effectiveness of the legal system through recent reforms. The report delves into the potential impact of company, employment, and contract law on businesses, differentiating between legislation, regulations, and standards. It examines the legal formation, management, and funding of various business organizations, assessing their advantages and disadvantages. Furthermore, the report recommends legal solutions for resolving disputes, comparing and contrasting different sources of legal advice and support. The report provides a detailed analysis of the legal landscape and its implications for businesses.

ASSIGNM
ENT
BRIEF
BTEC
Higher
National
Certificat
e in
Business
Centre
Code:
01018
GEO
RGI
SAB
EV
CCL-
21-
327
UNI
T 7:
BUS
INE
SS
LA
W

Student Assessment Submission and Declaration
When submitting evidence for assessment, you must sign a declaration
confirming that the work is your own.
Student
Name: GEORGI SABEV Assessor
Name:
Brunnette Whyne /
Mehul Halari
Issue date: 17/01/2022 Submission
date: 15/04/2022 Submitte
d on:
08/04/202
2
Programm
e: BTEC Higher National Certificate in Business
Unit: Unit 7: Business Law
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Student
signature: G.N. Date: 08/04/2022

Contents
Student Assessment Submission and Declaration.................................................1
Introdution.............................................................................................................. 2
P1: Explain different sources of law.........................................................................3
P2: Explain the role of government in law-making and how statutory and common law
is applied in the justice courts.................................................................................5
M1: Evaluate the effectiveness of the legal system in terms of recent reforms and
developments......................................................................................................... 7
P3: Using specific examples illustrate how company, employment and contract law
has a potential impact upon business......................................................................8
M2: Differentiate between legislation, regulations and standards to analyse potential
impacts upon business............................................................................................ 9
P4: Explore how different types of business organisations are legally formed..........10
P5: Explain how business organisations are managed and funded..........................12
M3: Assess the advantages and disadvantages of the formation of different types of
business organisations......................................................................................... 13
P6: Recommend legal solutions for resolving a range of disputes using examples to
demonstrate.......................................................................................................... 14
M4: Compare and contrast different sources of legal advice and support for dispute
resolution............................................................................................................. 16
Conclusion........................................................................................................... 17
Reference............................................................................................................. 18

Introdution
The objective of this report is to foster an awareness of the nature of the legal
system, the possible consequences of legislation, and the numerous types of
business organisations that may be created. It also attempts to enhance
understanding of business so that it can be used by enterprises in a variety of
situations. It is intended to examine both the legal system that is followed in the
United Kingdom and the many legal resources that are accessible in the country.
This will also analyse the role of the government in the creation of laws, as well as
how various laws have been implemented by the legal system. It is intended that this
study evaluates the possible effects of several types of legislation on the business
company. These types of laws include contract law, competition law, and data
protection law. The formation of various types of company initiatives, as well as the
methods by which they are efficiently financed and managed, would also be covered
in this study. The report will, at the end of the day, provide legal answers to the
matter by referencing applicable legislation.
P1: Explain different sources of law.
The primary goal of the law is to preserve the freedoms or rights of people while also
establishing standards, settling disputes, and preserving public order. The United
Kingdom has adopted the English legal system, which consists of a number of
different types of courts (ELLIOTT and QUINN, 2016).
According to the organisation of courts shown above, the legal system in the United
Kingdom is based. Supreme and high courts are included in the higher authorities
that deal with all kinds of situations, and this is assessed as such. Individuals and
companies that are dissatisfied with the decisions of lower courts, such as
magistrates' courts, county courts, and crown courts, have the option of appealing to
the Supreme Court. The high court has a variety of courts and divisions, such as the
divisional court, chancery division, family division, administrative court, and queen
bench division. Tribunals that deal with child support, taxes and land, pensions and
social security, among other things, have a low level of power in the legal system.
The county court handles issues involving debt collection, civil strikes, and other
matters, while magistrate courts handle family law and other matters (Riches and
Allen, 2013).

 Legislation enacted by Parliament and granted Royal Assent is known as an
Act. Acts of Parliament are known as Statute Law in the United Kingdom
when taken as a whole. It is possible for a law to take effect instantly, over the
course of time, or in phases. It's also possible to get rid of it completely by
repealing it. Original Acts from 1497 may be found in the Parliamentary
Archives. Be aware that a new version of the Act that contains modifications
made by later legislation will vary from the wording of the original Act (UK
Parliament, 2019).
 Common law, often known as Anglo-American law, is a corpus of customary
law that has been administered by the courts of England since the Middle
Ages and is derived from the English language. It was through this that the
sort of legal system that exists today in the United Nations and in the majority
of the member states of the British Commonwealth of Nations was developed.
Despite the fact that the United Kingdom is considered a unitary state under
international law, it is divided into three primary legal systems: those of
England and Wales, Scotland, and Northern Ireland, each of which has its
own legal system (Albert Roland Kiralfy and Mary Ann Glendon, 2018).
 EU law, because the United Kingdom is a member of the EU, it is the most
effective source of law in that EU rules and laws are employed by the country.
There are several countries and nations that are members of the EU and are
obligated to adhere to the laws of the EU. There are a slew of EU-initiated
legislation that are adopted by the United Kingdom, including the Human
Rights Act, the Partnership Act, the Property Act, and others (Riches and
Allen, 2013). If company enterprises and people do not adhere to the
legislations and laws that have been established, the processes and
operations of the business may be severely impacted.
DIFFERENCE CIVIL LAW CRIMINAL LAW
The main distinction
between the two systems
is the apparent goal of the
instances. In civil law, the
goal is to put the victim
back in the position they
were in before the injury
happened. Criminal Law,
Civil law deals with issues
when one person harms
another's rights or
property. Personal and
business issues are
settled under civil law. A
civil offender is not likely
to go to jail, but is usually
Criminal law deals with
offences that harm
society as a whole, rather
than simply one
individual. Parliament
enacts criminal legislation
to prohibit behaviour
detrimental to the whole

on the other hand, seeks
to deter repeat offenders
by punishing them
severely. Moreover,
regulations prohibiting
crime strive to create a
stable and law-abiding
community. As stated
before, civil lawsuits are
filed by individuals or
groups, but criminal
proceedings are brought
by the state through the
CPS. There is also a
distinction in appealing
these instances if you
disagree with the
judgement. In a civil case,
both sides may appeal,
while only the defendant
can in a criminal case.
responsible for
compensation. The civil
law standard of evidence
is “the balance of
probabilities.” The greater
bar of “beyond
reasonable doubt” is used
for some civil offences,
such as solicitor
misconduct.
Civil offences include:
 Injuries
 Contract breech
 Injuries at work
 Negligence
community. If someone
breaks the law, the state
will prosecute them. The
Crown Prosecution
Service brings criminal
charges in Magistrates' or
Crown Court. If convicted,
you might face jail time or
a community order. In
criminal trials, the
standard of evidence is
“beyond a reasonable
doubt” or “certainty”. Both
mean the same. Criminal
offences include:
 Murder \
manslaughter
 Fraud \assault
 sex crimes
 Burglary
P2: Explain the role of government in law-making and how statutory and
common law is applied in the justice courts.

Picture 3: Lords Stages.
In the creation of laws or acts, the government of a nation plays a significant role.
Parliament is a legislative body in the United Kingdom that is responsible for
enacting numerous acts and legislation. The debate among political parties in the
parliament results in the development of rules and the alteration of existing
legislation. The government has prepared a bill in order to generate new legislation,
and the bill is then offered to MPs for consideration, after which they vote on whether
the bill should be rejected or approved. As a result, the parliament and government
of the United Kingdom are playing an important part in the process of producing law,
as they study, alter, and adopt legislation prepared for the purpose of generating
laws (Ferris, 2020).
Lords Stages
 The measure has arrived in the House of Lords for its first reading. The
bill's name is read out in the chamber at this point as a matter of procedure.
 Bill purpose and significant topics of discussion at the second reading.
During this time, participants may voice their complaints or suggest
particular areas for improvement. At this point, there are normally no divides
(votes).

 Textual inspection with modifications in the committee stage (suggested
changes). Starting at the top, members work their way down the bill.
Changes may be approved or rejected by a majority vote. Participation is
open to all members with no time restriction.
 A second chance to review the bill and make modifications at this stage.
Amendments to the bill continue to be considered and voted on.
 In the third and final reading, the goal is to plug any remaining gaps in the
system. It's the last opportunity to make changes and cast your vote.
 If the Lords have made adjustments to the draught legislation, it is
submitted back to the Commons for approval. The Commons has the option
of accepting or rejecting the Lords' amendment. The Lords must approve
any Commons amendments. "Ping-pong" is the name given to this
procedure, which may last for numerous rounds.
 Royal assets :When both Houses of Parliament have agreed on the bill's
wording, the monarch signs it into law.
Table 2 : (UK Parliament, 2016).
 Laws that are used by the justice court: Various statutes are employed by
the justice courts to obtain successful decisions in instances. Legislative and
case-specific common law rules apply in a wide variety of situations. Obiter
Dictum and Ratio Decidendi concepts have been used in the legal system to
define the purposes of statute and common law. The term "common law"
refers to the body of case law that has developed through time as a result of
precedent set by the courts. It gives context for a variety of thoughts and
ideas. As a consequence of their existence, legislative bodies create and
implement statutory legislation. For purposes of judicial reasoning, the Ratio
Decindi concept may be used in statutory law. The idea of Obiter Dictum is
used in common law to arrive at final decisions in instances. It is possible to
employ this approach in the courtroom to construct an imagined scenario for
an actual case or event. In addition, it gives judges the ability to refer to earlier
case decisions while dealing with new situations or cases (Ferris, 2020).

M1: Evaluate the effectiveness of the legal system in terms of recent reforms
and developments.
There are many methods to enforce and interpret the law, but the legal system is
one of the most important. Religious law, common law, and civil law are all
components of the global legal system. Three separate legal systems exist in the
United Kingdom, one for Northern Ireland and Scotland, one for Wales and one for
England and Wales. With regards to Wales and England, English law is being
applied (Rab, 2021). The constitution of the United Kingdom is unwritten, indicating
that no written instrument specifies how the government must operate and sets
various sources, some of which are unwritten as constitutional conventions and
others of which are written, such as status, etc. In the constitution, the House of
Commons is the highest legislative body. Since 1999, the Northern Ireland
Assembly, the Welsh Assembly, and the Scottish Parliament have each had their
own set of competences. Apart from that, the ability to make law is provided by the
Westminster parliament to other entities of creating legislation, such as local councils
and devolved assemblies Court judgements are intended to be executed fairly and
effectively by the public. Civil justice systems defend the individual's rights against
the breach of law by others, including governments and strong parties (Partington,
2021). The UK legislation should be regularly updated to meet current society's
expectations. Modernization may make aspects of UK law globally influential and
dynamic. A dramatic legislative change concerning abuse prevention, accountability,
and openness has resulted in deregulation of corporation law in the UK. Legislation
enacted in 2005 It is a British law divided into three sections. The first section
changed the Lord Chancellor's office, the second established up the Supreme Court
of the UK, and the third regulated judge appointment. House of Lords Reform Act
2005 receives royal assent. This document explains how to resign from the House of
Lords and how to expel members in certain instances. Legislation and bills are
proposed new acts and amendments to existing laws that are debated in parliament.
Transitional stages for new implementations provide firms time to conform and
modify effective to deadlines. Also, certain acknowledged reforms penalise officials
and organisations for non-compliance (Rab, 2021).
P3: Using specific examples illustrate how company, employment and
contract law has a potential impact upon business.
There are several laws that effect a company's process and operations in both
directions, as follows:

CONTRACT LAW DATA PROTECTION
LAW
COMPETITION LAW
It is a contract in which
the parties are legally
obligated to execute their
mutually agreed
responsibilities. Contract
law must be obeyed by all
parties involved, including
employees, suppliers,
customers, etc. To make
a contract legitimate, all
parties must follow the
contract law act 1990. If
contract rules and
restrictions are not
observed by both parties,
the contract may be
terminated, causing
enormous damages to
both parties. To avoid
legal action, a company
must be aware of and
follow the components of
a legitimate contract
(Andrews, 2015).
The GDPR is covered in
the Guide to Data
Protection. Daily data
protection managers
should utilise it. It gives
an outline of the UK's
personal data protection
rules. The Data Protection
Act 2018 (DPA 2018) is a
modified UK GDPR (UK
GDPR). This paper
outlines all data protection
rights and duties. It
includes answers to
frequently asked
questions and practical
checklists to help you
apply the requirements.
There are links to other
materials such as the
ICO's guidelines and
statutory standards of
practise. The European
Data Protection Board
(EDPB) has also made
suggestions (Information
Commissioner's Office,
2019).
Competition law is
concerned with
agreements or actions
that actually or potentially
distort competition within
a market in a manner that
is ultimately harmful to the
consumer. The benefits of
pricing competition,
increased product
development, and
enhanced product
specifications amongst
rivals are all enjoyed by
customers in a fully
competitive market.
Specifically, the UK
competition rules prohibit
agreements or
understandings between
competitors that are likely
to prevent or restrict
competition in the
following areas:
prohibiting agreements or
understandings between
competitors that are likely
to prevent or restrict
competition; and
prohibiting agreements or
understandings between
competitors that are likely
to prevent or restrict
competition
(QUICKGUIDES, 2021).
Table 3 : CONTRACT LAW,DATA PROTECTION LAW,COMPETITION LAW.

M2: Differentiate between legislation, regulations and standards to analyse
potential impacts upon business.
Picture 4: legislation, regulations and standards.
On the other hand, the following illustrates the distinction between standards,
regulations, and legislation: Regulations: It is a collection of regulations designed to
protect the environment and data as well as enforce business practises and
corporate taxes on the corporation. For successful company management, the UK
government has implemented several rules for individual health and safety, taxes,
minimum wage, data security, and others. Government agencies are working on
legislation and policies that may influence new start-up business choices and
policies. In this regard, new start-up enterprises must follow established legislation
and policies, which may impact company operations. Legislative bodies produce
laws in the UK. The government, people, corporations, and others must all observe
the law. Businesses in the UK are governed by laws such as the Employment Rights
Act 1986, the Equality Act 2010 and others. For a firm to function smoothly, new
start-ups must adhere to all applicable laws. These laws may impact both the
company's operations and human resources. Non-compliance with these laws may
result in legal troubles, workplace accidents, etc. Standards: Measuring the
efficiency of financial statements, company processes, and offered/goods/services.
There are several standards designed for accounting and financial practise in the
firm, such as GAAP, IFRS, IAS, and others, that new starting companies should
follow. Non-compliance with these standards may impair the accuracy,
dependability, and validity of financial statements. Furthermore, standards are set for
salary, material, and quality, affecting new business decision-making (Harris, 2016).

P4: Explore how different types of business organisations are legally formed.
Picture 5: Types of business organization.
The business may be classified as public or private. In contrast to public firms,
private companies are owned and controlled by individuals or groups of individuals.
The firms' nature, ownership, stake, and trade may help distinguish public and
private enterprises. Governments may interfere less in the market for private goods
and services but completely in the administration and operation of public companies
(Clarkson and Roger L. M., 2021).
Business legal forms include partnerships, sole traders, limited liability corporations,
cooperatives, and others.
Partnership Sole traders Limited liability
corporation
Cooperatives
A partnership is
created when two
or more people
join forces to
achieve a common
goal while
generating a profit.
Due to their
ownership and
involvement, all
partners share in
the company's
management,
operations,
obligations, and
A sole
proprietorship is
any business in
which the
owner/operator is
the only one.
Single
proprietorships
include, but are
not limited to,
plumbers,
hairdressers, and
photographers. As
a sole owner, a
hairdresser is
Incorporating a
company is the
process of forming
and registering a
legal entity. As an
artificial person, a
firm may have its
own name to sign
contracts and
agreements,
lowering the
responsibilities of
its directors and
owners toward its
stakeholders.
This also includes
the business's
incorporated
structure and form,
which must be
registered with the
cooperative
legislation and act
in order to operate.
The cooperative is
formed in order to
assist individuals
in the community.
This may include
members of the

earnings. This
framework allows
for both written
and verbal
agreements. Thus,
the corporation
may be able to get
finance without
paying interest. It
may also aid the
company's
management.
Alternatively, it
may result in a
profit split between
partners, resulting
in lesser earnings
for partners. A
general
partnership
business has no
legal status
(Harris, 2016).
often in command
of all elements of
their business,
including the hours
they work and the
money they make.
A solitary owner is
unable to separate
himself or herself
from the business.
In the eyes of the
law, the
corporation and its
owner are one and
the same. Due to
the fact that the
owner is
considered
personally liable,
they may be held
responsible for the
company's debts
and losses. The
legal phrase for
this circumstance
is "unlimited
liability" (BBC,
2019).
Corporations may
easily receive
money from the
market by
exploiting their
assets, goodwill,
and other
variables.
However, in order
to conduct
business, firms
must comply with
several regulatory
restrictions.
Investing in these
firms may be much
more costly than
other categories,
and their reporting
is regulated
(Andrews, 2015).
community who
are concerned with
the well-being and
welfare of the
whole community.
The formation of
such cooperatives
is subject to less
regulation than
other businesses.
No advantage to
volunteer or
member of
cooperative may
affect their interest
in cooperative and
it may hard to
secure funding for
the cooperatives
(Ferris, 2020).
Table 4: partnerships, sole traders, limited liability corporations, cooperatives.
P5: Explain how business organisations are managed and funded.

Picture 6: Sources of Finance.
Companies typically require outside funding to expand into new markets or areas, do
R&D, or compete. While companies may use existing earnings to fund such efforts,
external lenders or investors are usually more cost effective. Despite the variety of
the world's industries, there are a few consistent financing sources (Estevez, 2019).
 Unincorporated business: In legal terms, an unincorporated organisation is
a group of persons who have not formed a formal organisation. The trustees
or management committee are solely responsible for any debts or
responsibilities that may accrue during their tenure. Despite the fact that this
may seem frightening, many small businesses really have relatively few
financial commitments to worry about. The majority of community
organisations, for example, do not hire personnel or maintain facilities, and
the amount of money spent on conducting the group's activities is rather little.
This indicates that the danger is often quite minimal.
 Incorporated business: An organisation that has been incorporated has
"legal personality," which means it has the ability to engage into contracts,
purchase or lease property, and employ individuals in its own right. Any debts
or responsibilities incurred by the organisation, rather than by the persons in
charge, are the responsibility of the organisation. This provides some
protection to trustees, directors, and committee members, while they are
nonetheless liable for debts incurred as a result of carelessness or bad
financial management.
Organizations having incorporated legal structures are subject to more stringent
regulations than organisations without incorporated legal structures.. In addition, they
take longer to set up and maintain than other types of businesses, and they are more
likely to incur costs for professional services such as accounting and legal advice
(Resource Centre, 2018).

M3: Assess the advantages and disadvantages of the formation of different
types of business organisations.
In order to start your own firm, you will need to pick one of many distinct forms of
business organisations. Each company entity has its own set of pros and drawbacks,
which may make one entity more suitable than another depending on your individual
circumstances (Buyck, Williams and Willcox, 2019).
Advantages Disadvantages
Sole trader  It's the simplest to start up
since no paperwork is
required.
 States do not need
proprietorship registration.
 A business owner's profits
are only taxed once.
 The owner has total
authority and makes all
choices.
 Tax forms are simple.
 Assets are easily
liquidated after death.
 The owner is liable
indefinitely. Losing a case
might mean losing your
house, vehicle, and other
valuables.
 Outside capital is not
allowed in proprietorships.
 Borrowing money is
harder. Banks are wary
about lending to single
proprietorships. You'll
need money, home equity
loans, or family loans.
 When owner dies,
business is liquidated.
Partnership  Creating them is a breeze.
 To operate a firm, a
partnership might bring
together people with
diverse skills.
 If the partnership
agreement allows it, a
partnership may survive a
partner's death.
 Partners are liable
indefinitely.
 Owners will not always
agree. This may cause
managerial issues.
 Partners participate in the
company's earnings, but
may not feel appropriately
paid for their efforts and
services.
LLCompany’s  The owners are protected.
Personal assets are
shielded against
corporation judgements
and defaults.
 There are many options for
 Legal and accounting fees
are greater.
 LLCs must register with
their home state.
 In an operational
agreement, owners

taxation. Ownership,
partnership or company.
 Not all states need yearly
meetings.
 A board of directors is
optional for an LLC.
 Shareholders are infinite.
establish managerial
power and decision-
making boundaries.
 Unless otherwise provided
in the operating
agreement, an LLC may
dissolve following the
death of a member.
C-Corporation  Owners are immune from
corporate debt. A
shareholder's investment
is in risk.
 More funding available.
Shares, bank loans, and
bonds may all be used to
finance a company.
 Corporations may hire
smarter people than lone
entrepreneurs.
 The firm is self-sustaining.
 A C Corp needs a lawyer
to establish formed.
 Earnings may be twice
taxed.
Table 5: Advantages and Disadvantages of the different type of business
organization (Woodruff, 2011).
P6: Recommend legal solutions for resolving a range of disputes using
examples to demonstrate.
Picture 7: Range of dispute.

Start with the laws pertaining to corporations, contracts, and labour.
 Corporation law is the collection of laws that regulate a corporation. This law
tells the company what it may and cannot do. This law limits corporate
freedom (Hyytinen and Takalo, 2005).
 Contract lawA contract between two or more parties is governed by contract
law. This law prohibits parties from misleading other parties. In a legal
contract, there must be an offer, acceptance (Keenan and Riches, 2008).
 Employment law emphasizes employee-employer relationship (Stoltenberg,
2008). Abolishing employer abuse safeguards employees' rights. This law
also establishes working hours for employees.
Case 1:
In this particular instance, the problem is important to the violation of the conditions
of the contract. According to the facts of the case, Gordon was employed by Orange
Computer Ltd in the role of salesman, earning £10,000 per year. In addition, the
corporation gave a 9 percent commission on the total worth of each computer sold
as an additional incentive. Because the firm is now unable to pay its employees,
Gordon was employed by Orange Computer Ltd, and the company asked that he be
paid when the company grows in order to compensate him for his efforts. Gordon
agreed to make an offer in this situation. A written record of the terms and conditions
negotiated between the parties must be kept on file and disclosed to the other
parties, according to the Employment Relations Act of 1996. Employees are required
to carry out the activities for which they have been employed and to which they have
committed themselves under the terms of the employment contract stipulated in ERA
1996. Even when the company began to recover in 2017, Fred (the employer) at
Orange Computer Ltd did not take the conditions of the agreement he had made with
Gordon into consideration. Gordon must have the legal right to make a claim against
Fred for his wage in this scenario, as stipulated by the terms and conditions of his
employment contract with Fred. Despite the fact that Gordon completed his work,
Fred failed to fulfil his obligations and liabilities to Gordon. As a result, the contract
may be cancelled since Fred violated the terms and conditions of the agreement
(Bogg and Freedland, 2016).
Case 2:
Janet contacted Virgin Media to make arrangements for the purchase and
installation of an internet connection, which would cost £35.00 a month to maintain.
The firm had sent an engineer to assist with the installation procedure, but the
engineer was unable to complete his work due to the unavailability of the telephone
connection, and the company was notified. He returned, telling Janet that he would
be back in a short time after checking with his supervisor about the situation, but he
never showed up for the appointment. Janet then contacted and emailed the firm

multiple times, and by the time the company sent another engineer, it had already
been three weeks after the first incident. Now, at the current moment, the corporation
has issued a charge that includes those three weeks during which the connection
was still unavailable. Furthermore, the organisation failed to take the essential
measures to resolve the issue in a timely manner (Rush and Ottley, 2009). Janet will
be in a strong position as a result of the contract law, and she will not be required to
pay any money during those three weeks since the installation was not complete and
the connection was not operational during that time period.
Case 3:
Specifically, the bankruptcy of Backshore Ltd. is the topic of debate in this case. The
increasing amount of debt owed by the business increased the firm's responsibilities,
and the company was unable to pay its bills when they were due. creditors may use
their right to submit a petition in court for the forced winding up of the company,
which will be considered by a court of competent jurisdiction, in order to recover their
money According to the Solvency Act 2006, creditors may submit a petition for the
liquidation of a company; however, the court must provide the firm's management
the chance to contest the petition in court. The time has come for Blackhorse Limited
to focus on executing more effective steps to save the company from going out of
business, such as negotiating with creditors to give the company additional time to
make its obligations. An injunction to prevent the company from going into liquidation
may be obtained by assuring its creditors a period of time during which they will be
fully compensated for their losses (Evans, McGarry and Smith, 2015).
M4: Compare and contrast different sources of legal advice and support for
dispute resolution.
Picture 8: Dispute resolution.

Instead of going to court, parties and cases might choose to settle their differences
via a process known as alternative dispute resolution (ADR). Many other issues,
such as finding work, may be handled without having to go to court. This procedure
may give a better level of secrecy in the disputes and concerns and can save the
parties' costs and time. ADR techniques include mediation, arbitration, negotiation,
and conciliation, to name just a few (Meyerson, 2015). In order to settle a dispute,
the parties must sit down together and work out their differences via negotiation.
Finding the proper answer is made easier, and the level of secrecy is raised as a
result. However, the disparity in power between the parties may have an impact on
the bargaining process. It is possible to have a third person mediate discussions
between disputing parties via mediation. Confidentiality is maintained throughout the
process, making this an ideal option for obtaining legal assistance. Mediation, on the
other hand, does not have a persuasive force and may be expensive in certain
circumstances if it is done often. An arbitrator is selected by the parties and the
arbitrator's fee is agreed upon, making arbitration a significant tool. It has the
potential to increase the solution's fairness while simultaneously preserving its
anonymity. Because an arbitrator is retained, the price may rise. A conciliation
specialist is a person who can help two parties come to an agreement by utilising
non-judicial sources and procedures, such as mediation. The conciliator is a lawyer,
and the whole conciliation procedure is confidential (Ware, 2016). It's an informal
strategy that might result in individuals being treated unfairly throughout the
conciliation process.
Conclusion
Picture 9: Conclusion.

Business law is primarily concerned with the well-being of all parties involved. It has
a significant influence on corporate operations, although in a positive one. Based on
the findings of the research, it can be concluded that the United Kingdom follows
common law and that there are many sources for implementing the law in the
country, including statutes, Parliament, and case law. The government and political
debate play an important part in the decision-making process when it comes to the
formation of legislation. Health and safety regulations, data protection regulations,
the equality act, and other legislation may have an impact on enterprises.
Corporations may be organised under a variety of legal structures, including sole
proprietorships, limited liability companies, partnerships, and cooperatives.
Furthermore, this report reviewed the case and recommended the most appropriate
legal answer in each situation. Furthermore, when disagreements arise between
multiple corporate organisations, this business law is the sole option to address such
disagreements in a legally binding manner. Business law safeguards employees'
rights and prohibits them from being taken advantage of by their employers.
Consequently, business law is very vital in order to promote a fair and healthy
business climate.
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