Business Law Report: UK Legal System, Business Issues and Solutions

This report provides an overview of business law, focusing on the legal system of the United Kingdom and its various sources of law, including statutory law, European Union law, and customary law. It examines the role of the UK government in making laws and the legal commitments of employers towards their employees, including workers' remuneration, health and safety, and equal opportunities. The report further analyzes the impact of contract and employment law on business operations, highlighting key aspects such as mutual assent, valid offers, and the importance of employment acts concerning wages, holidays, and discrimination. It also explores solutions to business problems, such as mediation, arbitration, and negotiation, and includes a case study of a consulting company, Business Future Ltd, offering legal advice. The report emphasizes the importance of adhering to legal frameworks for smooth business operations and provides insights into the legal landscape affecting businesses.

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................1
LO1 .................................................................................................................................................1
P1. Legal system and various sources of law..............................................................................1
P2. Role of Government of United Kingdom in making law.....................................................2
LO3..................................................................................................................................................3
P3. a) Legal commitment of boss and result of law on organization..........................................3
b) Impact of contract and employment law on business.............................................................4
LO3..................................................................................................................................................6
P4. Suggestion of solution for an range of business problems...................................................6
P5 Justification for the use of appropriate legal solution............................................................6
LO4..................................................................................................................................................7
P6. Recommendation..................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Business law is a body that modulate all the commercial situations develop in an
organization or business. It provides various indicators to organization for conducting their
business activities as per the rules and regulations. Business law is an indication how to run a
business. Business law includes all the right from starting, purchasing, managing and shutdown
of the business. It is mandatory for all the business man to follow the rules for peaceful running
of the business. All the business man generally well-known by the laws and rules and
regulations of the business. State laws, federal laws and administrative laws are included in the
Business laws. The business law is legal framework in which helps in reducing many issued
and threats in an organization. The present assessment will determine the basic roles of the
legal system. The report also came to know about the impact of business laws in the operation
of the business, The report will also provide appropriate legal solutions to business issues.
LO1
P1. Legal system and various sources of law.
To have progressive structure the English lawful framework is best known structure.
The supreme court is a cardinal authority who has principle energy to take several choice with
respect to different cases. The cases which cannot be controlled by low courts than it is
controlled by supreme court. The cases which require particular specialist and power is handle
by Supreme Court. House of Ruler is the another name of Supreme Court. The supreme court is
the top-pest judicial forum and final court of appeal under the constitution of United Kingdom.
The supreme court of United Kingdom is established in 2009. The composition method of
Supreme court of United Kingdom is nominated by Monarch on counsel of the PM. Affable
and crooks are the two zones of the English legislation structure. Criminal zone is under
controlled by Magistrate Court and Crown Court. But under common region it is controlled by
supreme court and high court (Johnson and Nodd, 2018).
There are several origins of laws which are as follows-
Statutory Law- It is written law which is enacted by a legislature body. It is an
especially fundamental elements of law that is classified by parliament of United Kingdom.
This consists of contract, well being and security, protection affiliated to laws. Statutory law is
a opposed to customary law. Since the Sixteen century Statutory law is turned into the almost
well known beginning of changes in laws.
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European Union law- It is a kind of law which is make over with the beginning of
European Law. It deals with every one of the task determined within a business, like laws of
operation, law of contract and many others. The law of the business is a critical component of
European union law which come through several directions that causes organization to manage
and controlled the activities of business in effectual and in easy manner (Jackson, Morgan. And
Laws, 2018).
Customary law- It is another law which is totally based on precedent of controlled by
the English Council Justice. It is traditional rule or practise that has become an integral part of
the recognized and expectable behaviour in a people community, commerce, business and it is
treated as legal requirement. Customary law is a integral part of social and economic system.
P2. Role of Government of United Kingdom in making law.
Laws are mostly encompassed by Parliament effect from proposal made by the
government. The aim of proposal is to give effective and legal shape to the society. Making the
law is the most crucial and critical function of the parliament of United Kingdom. In the
parliament there are few people who contribute well in making a law. When law formulated by
government it is not fixed, it is flexible in nature. As a when there is requirement to change the
law, it altered. For the smooth operating of the business, experts influence changes in the
direction that to help in smooth working of the organization (Anderson and et.al, 2018).
In United Kingdom, each and every law which is made by parliament is the mandatory
obligation. Government before making the law it is tested by specialist and experts that what
outcome will discover by the obligation of law. Laws are generally created for period of time
Laws are mostly made because of following circumstances-
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Illustration 1: Badge of the Supreme Court of
United Kingdom
(Source- Badge of the Supreme)
A problem or issues come out on the agenda of UK government- At first government plans and
schemes and programmes are abreast by the general election but there are many issues and
conflicts arises. Law is made when government has issued or problems regarding its plan and
schemes.
For improving bills- laws are made for improving the bills passed by the parliament. The bills
passed by the government is not always right it needs some self-improvement. So laws are
made for the betterment of the bills.
Making the workable conditions- laws are made for peaceful and workable condition in United
Kingdom. Without laws and rules and regulations, no country can even work in healthy
environment.
LO3
P3. a) Legal commitment of boss and result of law on organization.
Worker's remuneration- Business required to provide offices to their employees. Under
the labour Remuneration passage is incorporated into the statutory set up. It the duty of the
business that to cover the risk of its profitable staff which help in boosting their vitality and
ensure them to feel protected and secure. In any business employees should feel that they are
against danger. For example. Any misconduct at working place, illness, any accident or
anything. Health and safety advantaged should be given to the employees of the organization.
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Organization should make contact with hospitals who cover the illness or diseases of the
employer's by which employer's feel safe and secured. In the organization it is very important
that premium is pad by the boss for the protection and the premium is subtracted from the
employer's compensation (Serafeim, Saltzman and Ward, 2017).
Employer's lawful commitment- This point is related to health and safety. It the duty of
the boss to support up the heath and safety Act in the organization. To achieve the goals or the
organization it is very important that employer's should feel safe and secure. Assurance should
be given to the employee's that in the working place the worker is safe. As per the Article 4-
owner of the organization has the responsibilities to make health and safety in the working
place. It is very important in the organization to make up the environment condition soundly.
So that employee's feel comfortable in doing work and they do not find any difficulties and
obstacle in the working place (Johnson, and Nodd, 2018).
Equal Chances- As per the Correspondence Act 2010, states that in the organization
there no discrimination on the bases of race, religion, age, sex or many others. Organization
should be given break even with opportunities to all the employee's in the organization. Owner
of the business should give assurance to all the employee's that they all are equal in the
organization. Commitments of manager in this respect are as below hold up- manager is aware
to recruit applicants on the bases of their qualities abilities. Boss should give assurance and
guarantee to the employee's that the promotions is given as per the work and performance,
there is no bias in the organization.
Harassment- Aggression at the working place is entirely illicit and if any such case
happens in the organization then business concern will be subject to confront result for the
same. Provocation act apparently clear up that such kind of annoyance should be eliminated in
the organization. Badgering strategy characterised the statutory commitment of director. It is
the duty of boss that to make employee's mindful with the aggression strategy. Owner needs to
give important reference book, manuals and various reports with the goal that such kind of
condition's can be preserved in the work place (Muller, 2018).
b) Impact of contract and employment law on business.
Contact law and employment law on business both have great impact on the business.
As an any person who start any business has to work under some acts like employment act,
consumer act, contract act and health and safety act, etc. Employment law and contract laws are
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the most important laws in the business which have great impact on the operation and activity
of the business. For peaceful working conditions in the organization it is very important to
make some plans and schemes considering all the rights of the employee's (McMichael, Van
Horn, and Viscusi, 2018).
Contract Act- This act states the agreement between parties making bilateral obligations
enforceable by laws. In contract act there are basic factors like mutual assent, offer should be
valid, acceptance and enough consideration. Contract law is the judicial agreement between
two or more parties. Contacts may be verbal or written but written contact is more effective
than verbal contract. Adequate consideration is must present in the contract. The law is mainly
for exchanging the goods and services. Contact law is the centre part of any business.
Employment Act- Employment law is a law mainly for labours. In this act business has
to cover up all the rights and responsibility of the employee's like Wage and hour , holidays
Discrimination laws, maternity leave and paternity leave and termination. All these factors are
included in the employment act. Business has to provide appropriate salary and wages for their
work, weekly rest is also very important for employee's as it is the need of individual. In the
enterprises it also very important to give maternity leave to female workers. Discrimination law
is crucial for organization to apply. Discrimination leads to employee's demotivated and lack in
achieving organizational goals. Termination policy of the organization should also be by
mutual agreement.
Impact of employment and contract law on business
Employment and contract law impact on the relationship of employer to employee
which results in harmful effect on the business operation. It is compulsory for employer to
abide the top-quality and productive law devising policies to prolong optimistic working place
(Laws and et.al, 2017).
Business law disrupt the business to operate and function at global or in worldwide
level.
Alteration in laws and changes in contact act and employment act, the business plan of
action of the company cannot manage their operation of work correctly. It makes low devising
procedure of target marketing.
Sometimes, employment and contact act leads negative impact on the market of the
organization.
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LO3
P4. Suggestion of solution for an range of business problems.
There is consulting company that suggest the solution of the problems of the business to
their customers is Business Future Ltd (Bernstein, Korteweg and Laws, 2017). This company
also give suggestions to new start up for making effective and healthy relationship. Legal
affairs of the organization is solved by legal system or structure. By solving the issues by legal
system, it will give better output. Business future Ltd provides techniques and traits of solving
the issues of the organization. There are several structures to solve the issues in the
organization such as Mediation, Arbitration, Negotiation, and litigation. There are so many
legal system for solving the legal issues in the organization. This system assist in listening the
issued of party. By these procedure the case of issues.
Mediation- Mediation is the process to solve the problems or issues in the organization.
In this method of solution, organization appoint an expert in mediation who is known as
Mediator. Mediator solves the problems and manage and facilitate negotiation in between the
parties. In this process mediator do not force anyone. Mediator only gives his advice to solve
the issues, he left the last decision on their wish.
Negotiation- Negotiation is the most common method of solving the issues in the
organization. In this process of solving the disputes, parties mutually negotiated with another
party in an order to compensate. In this process there is no expert needed not format is required.
Arbitration- It is another method of solving the issues and disputes in the organization
as it is most useful practises. Arbitration is a trust full person and his decision is adopted by the
organization which prove effective and productive (Muller,2018).
P5 Justification for the use of appropriate legal solution.
For explaining the preceding various forms of solution methods. The best alternative
solution method to solve the issues in which CP get their fund back is CP Arbitration. This
solution is almost effective in which arbitrator can acknowledge the report into deep way or
take out the efficient solution for the organization welfare. Arbitration is almost the preferred
method of solution for business concern who doesn't necessitate any tribunal or justice.
Benefits of Arbitration
 All parties generally accept the decision of arbitrator with full trust and faith on him.
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 Arbitrator is not so costly, it is less pricey and it is effective schemes of solving the
disputes or issues (Qi, Roth, and Wald, 2017).
 Arbitrator doesn't delay on the solving the disputes and issues.
 Arbitrator go for private process to make proper and effective alteration.
 In the process of arbitration there are no requirements of legal framework or document
or procedure or any law.
Arbitrator is the most trustful person in solving the disputes and issues in the organization. The
decision of the arbitrator is adopted by the company and it is effective and productive to the
company.
Nature of the registered company- A company has a dual nature, as an association of its
members but also as a person separate from its members. Incorporated association- Every
company must be compulsorily registered or incorporated under the company's Act.
Steps needed to set up a company- There are ten steps to start the company which are as
follows-
Step 1- Research
Step 2- Make a business plan
Step 3- Plan the finance
Step 4- Select the structure of businesses
Step 5- Pick and register the name of businesses
Step 6- Get licenses and Permits
Step 7- Select the system of accounting
Step 8- Set the location of business.
Step 9- Get the team ready (hiring and recruiting)
Step 10- Promote the company
The role of directors and raising capital- For starting the company, fund is the most
important and necessity thing to be raise. There are some ways where the directors rays the
capital are as follows-
Bootstrapping- Obtain fund from friends or family.
Bank loan- Obtain fund through Banking institutions provide financial backing
Angel Investors- People with a huge amount of capital and are willing to invest it on
over the edge business ideas.
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Venture capital- Venture capitals funds are managed by professionals that have a keen
eye for seeking out companies with great prospects.
Government Programs that Offer Start-up Capital- Government programs that offer
start-up capital are an excellent way to source funding for your business.
LO4
P6. Recommendation
Country pin wants to expand their business on brand-new level they need to follow all
the structure as per the country's constitution and development and growth. Furthermore, every
country follows their own rules and regulations as per the requirements in the business. The
procedure to follow up the framework of the country is effective and productive for solving the
issued and disputes in the organization. On the other hand, arbitrator is the ordinary techniques
of solving the disputes as it cost effective does not delay in making the solutions. Legal
structure assist in guiding the proper system to maintain and sustain in the market. It also aid in
achieving the goals and objectives of the organization.
Alternative dispute resolution procedure is also a efficient method of solving the issued
in the organization. It can be characterized by as process thorough which parties solve their
issues (Lee, 2018).
CONCLUSION
From the following report summarize that there are various laws and rules and
regulations which re very important for the business to follow for peaceful working in the
organization. The report also concluded the contact laws, employment laws which is to be
follow in the organization. The study is also based on the Business Future Ltd which is
consultant company which resolve the issues and problems in the organization. Furthermore, it
also discusses about the legal solutions.
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REFERENCES
Books and Journals
Anderson, K. and et.al, 2018. Quantifying and Monetizing Renewable Energy Resiliency.
Sustainability.10(4).p.933.
Bernstein, S., Korteweg, A. and Laws, K., 2017. Attracting Early‐Stage Investors: Evidence
from a Randomized Field Experiment. The Journal of Finance. 72(2). pp.509-538.
Jackson, C., Morgan, J. and Laws, C., 2018. Creativity in events: the untold story. International
Journal of Event and Festival Management. 9(1). pp.2-19.
Johnson, T. and Nodd, E., 2018. An Assessment of Online Consumers’ Awareness of Consumer
Rights under the UK’s E-Commerce Laws and Regulations. Canadian Journal of Applied
Science and Technology. 5(2).
Laws, N.D and et.al, 2017. On the utility death spiral and the impact of utility rate structures on
the adoption of residential solar photovoltaics and energy storage. Applied energy. 185,
pp.627-641.
Lee, Y.H., 2018. Long-term Care Policay and Laws in Taiwan―Developments and
Predicaments.
McMichael, B.J., Van Horn, R. and Viscusi, W.K., 2018. Sorry Is Never Enough: How State
Apology Laws Fail to Reduce Medical Malpractice Liability Risk.
Muller, M., 2018. How can sport sponsors comply with international corruption laws?.
Routledge Handbook of International Sport Business.
Muller, M., 2018. South Africa needs good water management, not new laws. Civil
Engineering= Siviele Ingenieurswese. 2018(v26i2). pp.8-9.
Qi, Y., Roth, L. and Wald, J., 2017. Creditor protection laws, debt financing, and corporate
investment over the business cycle. Journal of International Business Studies. 48(4).
pp.477-497.
Serafeim, G., Saltzman, D. and Ward, B., 2017. How Laws and Culture Hold Back Socially
Minded Companies.
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