Business Law Report: Sources of Law, Impact, and Disputes

This report delves into the realm of business law, starting with an introduction to its definition and scope. It explores the UK legal system, detailing various sources of law such as legislation, case law, parliamentary conventions, general customs, and books of authority. The report also discusses the r...Read More

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................3
LO 1.................................................................................................................................................3
P1 Different sources of law.........................................................................................................3
P2 Role of government in lawmaking and application of statutory and common law in the
justice courts................................................................................................................................4
LO 2.................................................................................................................................................5
P3 Potential Impact of company, employment and contract law on the business.......................5
LO 3.................................................................................................................................................6
LO 4.................................................................................................................................................6
P6 Legal solutions for resolving disputes....................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Business law can be defined as body of law that governs activities that are carried out in
the organisation. These laws are defined for and controls both public as well as private business
activities. This report will discuss about legal system and different sources of the law. This report
will also discuss about role that government has in lawmaking and application of statutory and
common law in justice court. Statutory low can be defined as law which is passed by a body of
legislature. Common law in one which is developed by the judges in court. This report will also
discuss about impact of different laws and legal factors on the business and its operations.
LO 1
P1 Different sources of law
Legal system can be defined as rules and regulations and institutions through which
private and public endeavours and initiatives are carried out in legitimate ways. This can also be
defined as system interpreting and enforcing rules and regulations which are mandatory to be
followed so that private and public organisations can operate properly and not adhering to these
law and regulations can be subject to penalty and legal actions against institutions (Bell, 2018).
Legal system also contains rights and duties of people and institutions and along with that it also
includes responsibilities in variety of ways. Legal system is constituted on the basis of laws and
regulations which are developed and enforced by the authorities within a territory. Legal system
in UK applies to England and Wales and as a paralegal of Brickworks our suggestions are based
on legal system of UK.
Sources of law refer to those places from where the law has emerged and origins of law.
Sources of Law are-
Legislation (primary and secondary)
Legislation is first source of law and legislation can be defined as the preparing and
enacting of Loose by local state and national legislature. This means that the law which is
developed and imposed bye legislature at different level in a country. This is applied to bring
ordinance and for the rules and regulations of Administrative agency to carry out the delegated

legislative function. By means of legislation the laws are enforced by several ways and it are
developed by following a proper procedure.
The case law rules of common law and equity
This is another source of low in which rules applied for the previous case law are
maintained and become binding or become persuasive in a court and other Tribunal in which
subsequent cases are decided on the basis of judgement made in previous cake. This means that
when a case law is applied in these rules and regulations applied in a case are again applied when
similar case is presented in court.
Parliamentary conventions
Parliamentary convention is a source of law in which loan regulations are developed than
in forced by convention of members of a parliament. In this when a law get convention of
proportionately high number of Parliament members it becomes a low and in forced by legal
body.
General customs
This source of law is based on general custom which is prevailed in a country and
because of its wide prevalence it constitutes one of the laws for that country (Hage, 2017). This
is based on what practices and custom are followed by people of a country and later sue to its
wide prevalence and prolonged use in a country it becomes a law.
Books of authority
This is another source of law, books of authority is a term which is used to refers number
of early legal textbooks and these books are excepted from the rule that textbooks cannot be
treated as authorities by courts of England and Wales. These books are treated by the law as
authoritative statements.
P2 Role of government in lawmaking and application of statutory and common law in the justice
courts
Government plays important role in developing and inputs and low in a country (Gava,
Jaquet and Sciarini, 2020). Regarding this government can be defined as people responsible for

running a country. This is a process in which leader of a country is determined on the basis of
seeds win bi a party in general election. The leader of party is appointed as prime minister and
the other party members who will work in the government as ministers. Parliament in a country
is the body that represent interest of people of the country and ensure that their interests are taken
into account by the government. The governments only cannot make any lo for developing in
enforcing law in a country government requires agreement of parliament. Legislation in UK are
passed as public bills. in doing so parliament of UK plays an important role which is to fast lose
and in order to do that parliament it is authorised to introduce legislation on their own and also
have a power to amend an approve or rejectdraft of laws.
Application of common law in statutory law in Justice Court is such that common laws
are developed with new decisions that are made by judges in the court. Statutory law on the other
hand is one which is passed by government agencies (Rose-Ackerman, Egidy and Fowkes,
2016). In justice court common laws are already written and are applied for the specific case
relevant with the law.
LO 2
P3 Potential Impact of company, employment and contract law on the business
For business regulations legislation and Standards three factors that affect how an
organisation functions in its environment. Among these factors regulations applicant business is
to adhere to requirements legislation influence and affect organizational structure and its
feasibility in adopting changes and impose pressure on business to function in a certain manner.
Standards are minimum requirements in terms of quality that business is required to follow.
Brickworks suggest some of the impact that business can have because of these laws.
Business gets affected by several legal factors and is governed by many laws and
regulations. Among all these laws certain basic laws which are required to be followed by all the
organisation are company law, employment law and contract law (Haggard and Haggard, 2018).
Among these laws all are important but one of the law which is most important and become basis
for constitution of company is is Company Act. Company Act outlines all the important
requirements that are required to be followed while formation of a company E and what are the

the duties of director of a company. In order to form a company in a legitimate meaning it is very
important that company law is followed so that company can be considered legal. For example
There are several companies who start as private companies while doing so they are required to
follow regulations are outlined for formation of a private company. In case the company e wants
to convert it into public company where shares are offered to general public it has to follow the
relations outline for public organisations. In doing so the company will have to other two
different regulations and duties and responsibilities of the company will also differ on the basis
of legal formation.
Similarly employment law significant impact on business because it is not possible for
business to complete all the functions by themselves and to do functions of the company it
requires employee people in the company. Employment law is concerned with ensuring that
employees are able to exercise their rights. Employment laws of outlines duties of employer
towards it employees. Some of the employment laws are health and safety law, equality act, data
protections and minimum pay act.
Contract law is also important law which becomes basis for contractual relationship in
two parties. Relationship in an business area mainly based on contact and agreement and this is
why it is very important for business (Choudhury, 2018). For example employment contract
outlined rights and duty of employee and employer. On the basis of contract with employee and
employer become bound to the terms of contract.
LO 3
Covered in PPT
LO 4
P6 Legal solutions for resolving disputes
Case
The case being discussed is based on David send Susan. David had a idea for developing a new
app for book enthusiast so that can discuss their favourite novels. In doing so they would
incorporate a new company named Start Up Pty Limited Ltd (Levin, 2016). to market the app.

Along with the shareholder one himself and two others he was sole director of the company.
Shareholders of the company were not involved in any of the function of the company but
provided funds for startup send were provided shares. Start Up Pty Ltd entered into a contract
with Susan who was a web developer to develop the app and was paid a small sum of money out
of the money which was contributed by the shareholders of the company. Susan worked on
developing the app and before completing the app she got to know that idea of the Bookface app
had been sold by David to Big Blue Co Ltd for a large sum.
Legal solution for Susan
As a paralegal of Brickworks it can be advised that solution that Susan can get is on the
basis of contract which she entered into with the company of David and as David was sole
director of the company he will be claimed by the Susan. This is a dispute between Susan and
David and this can be solved by the method of dispute resolution there are three ways in which
dispute can be resolved between mediation, arbitration and litigation. These three type of support
and legal advice for Susan are as follows-
Mediation- The goals of this type of legal advice and support for disute resolution is that the
parties means Susan and David can arrive to a consensus on their own. Mediator helps parties so
that they can completely explore the grievance and his role is as facilitator in ensuring that they
are able to arrive at a consensus.
Arbitration- This is another type of legal advice and this includes an arbitrator, in this arbitrator
listen to both the parties (Blake, Browne and Sime, 2016). On the basis of this arbitrator and
evidence presented arbitrator present a decision which is binding to both the parties.
Litigation- This is mostly used type of resolving conflict and in this civil litigation is included.
This requires defendant to face off with plaintiff. In this type of dispute resolution judge is
responsible for making decision on the basis of presented disputes. Susan can adopt any of this
type of legal advice and most suitable is litigation in case she has been cheated.

CONCLUSION
On the basis of above analysis it can be concluded that laws and regulations control
individual and their action everywhere in every phase of the life. This law and regulation also
affect business organisation and different law have different impact on the business organisation.
This report also discussed about impact of contract, company and employment law on the
business and these three are most important law that company requires to follow. Later this
report also discussed about dispute resolution and legal advice on dispute resolution. Disputes
are integral part of the business and this is important that on the basis of nature of dispute parties
take tight support and advice for resolution.

REFERENCES
Books and Journals
Bell, J., 2018. Sources of law. The Cambridge Law Journal. 77(1). pp.40-71.
Gava, R., Jaquet, J.M. and Sciarini, P., 2020. Legislating or rubber‐stamping? Assessing
parliament's influence on law‐making with text reuse. European Journal of Political
Research.
Rose-Ackerman, S., Egidy, S. and Fowkes, J., 2016. The law of lawmaking: Positive political
theory in comparative public law. In Comparative Law and Regulation. Edward Elgar
Publishing.
Haggard, D.L. and Haggard, K.S., 2018. The impact of law, religion, and culture on the ease of
starting a business. International Journal of Organization Theory & Behavior.
Choudhury, B., 2018. Balancing soft and hard law for business and human rights. International
& Comparative Law Quarterly. 67(4). pp.961-986.
Blake, S.H., Browne, J. and Sime, S., 2016. A practical approach to alternative dispute
resolution. Oxford University Press.
Levin, P. ed., 2016, October. Construction contract claims, changes, and dispute resolution.
American Society of Civil Engineers.
Hage, J., 2017. Sources of law. In Introduction to law (pp. 1-20). Springer, Cham.