Business Law: Sources, Government Role, and Legal Implications Report

This report provides a comprehensive overview of business law, focusing on the UK legal framework. It begins with an introduction to business law and its importance in regulating business activities. The report then explores various sources of law, including the constitution, executives, judiciaries, and common law, and explains the role of the government and parliament in law-making. The report further delves into employment and contract law, highlighting their implications for businesses and the rights and obligations of employees, workers, and the self-employed. It also discusses methods for resolving business legal issues, such as negotiation, mediation, and arbitration. The report concludes with an overview of different types of companies and the steps involved in starting a business. This document is a valuable resource for students seeking to understand the legal aspects of business operations.

BUSINESS LAW

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1............................................................................................................................................1
P2............................................................................................................................................2
TASK 2............................................................................................................................................3
P3............................................................................................................................................3
TASK 3............................................................................................................................................5
P4............................................................................................................................................5
P5............................................................................................................................................6
TASK 4............................................................................................................................................7
P6............................................................................................................................................7
CONCLUSION................................................................................................................................7

INTRODUCTION
Business law is the regulatory body which identifies the proper system and country
growth. UK regulates the proper implementation. It is very useful and effective at the time of
regulate the business. Commercial law and business law is the body of law which helps to
govern the business activities. This system held the both issues private law and public laws.
Present report will be based on business law. For that Business futures ltd will be taken into
action. It is the business consulting firm which helps to suggest the best advice to the newly
startup companies in terms of better performing the task. It will explain about the different
sources of law that the organization needs to comply with. Further, it will also explain about the
government role on law making process. Moreover, all legal implications protect the overall
system of business and gives better decision making approach.
TASK 1
P1
There are numerous types of sources of laws which helps to protect the business activities
and gives better solution making approach (7Adams, 2018). It will be given better performance
to handle the better objectives some sources are constitution, legislatures, executives, judiciaries,
administrative agencies and international organizations. They all are equally contributed their
part in order to fulfill the business law system.
Constitution: British Constitution guides the whole function and process of UK. It is
developed by combining series of laws and principles which leads to politic body of the country.
It act as foremost source of law upon which all legal and regulatory action are practiced within
the country. This is been termed as supreme law of land as it possesses power among legislative,
executive and judicial branches (Muhoza and Adams, 2017). Amendments are made in
constitution depending upon the issue or dilemma existing within the country so that same can be
addressed with legal power.
Executives: it is another source of law of federal executives branch is the president. The
order of the executives orders are binding edicts issues by the president business law is the
highly generated and law making task in order to accomplish the ethical business activities.
Judiciaries: it is the court or a governmental body whereby one or more judges are
present. hearing is done and judges resolves the disputes with the help of judgmental overview.
1

of one or more judges who preside over cases and resolve disputes by issuing the judgmental
overview (Kubasek and et.al., 2015).
Common law: it is been referred as legal system whereby precedent is done in court and
decision is held accordingly. There are a variety of sources of English law such as Custom,
Equity, Case law, UK legislation etc.
Equity: it is the kind of source of law which includes cases developed by the court of
chancery.
European Law: European law is another source of law which is adopted by the
European Community Act 1972.
English divisions of law and sources passes of a bill through parliament
The government are respondents for bringing new laws into force, The UK has three
separate legal system i.e. England and wales, Scotland and Northern Ireland. UK possess
unwritten constitution as there is no formal written of document which reflects the right of
individuals and actions that government must take. Government is responsible always to pass the
law or all bills (The legislative process, 2018).
P2
Government is the regulatory body which defines the proper legislation and growth
factors. It makes better environment and system to protect the proper business system. Apart
from that, parliament is the worldwide perform three core functions. Parliament is another most
required and essential part of the regulatory bodies. They perform legislative function which is
largely important and necessary for making business law regulations and activity.
Government structure and parliamentary structures are both play a very essential role in
order to meet the needs of the organizations (DAILY, KIEFF and WILMARTH JR, 2014).
Along with that, it is the compulsory making task oriented goods which helps to make the
essential process making good task oriented goals. At the time making policy in step one all
ruling party take big conferences of the ruling party where policies are made. While meeting has
occurred many issues have been discussed in order to take better results and task oriented goals.
In further step 2 all executives' ministry drawn up policy on an issue where all the ruling party
attempts and ready to transfer the party policy into official government policy. All policies are
mandatory to be followed as per the government decision. In third process of making policies all
kinds of bills. Next process or step in which all policies is finalized by the relevant department
2

and ministry. One's policy has been ready after the discussion of all ministry parties. It
transferred into the white paper and adopted by the approval of parliament or by cabinet for the
final approval (Halliday and Shaffer, eds., 2015). In next process is passing a law, then a new
law has been originated in the system which is mandatory for all the people. Governments
always take care of the system and make sure the positive environment. They ensure that all
business man has to be take positive environment without any fraud or miss happening. Without
the approval of government or parliament bill has not been passed or approved. It gives better
influencing environment to hold the business activities.
Sources of division isn't universally accepted of law because any state different concept
but this is been referred as terms and guidelines developed by state to enforce by the function of
the state (How a bill becomes law. 2018). Law of UK has three basic legal systems i.e. English
law which is active within geographical boundaries of England and wales, Northern Ireland law
that functions in Northern Ireland and Scots law for Scotland.
Parliament is the most classified as either public general acts or local and personal acts.
On the other hand, every bill is either categorized as public or hybrid. Bill has always been
passed through both houses and agreed by both houses such as house of commons. Further, bill
is subject to scrutiny bu committee from either public bill, amendment many be debated etc. in
all this overall process government make secondary legislation contained in one or other act of
parliament. Before, secondary legislation has been passed parliament should formally approve.
TASK 2
P3
Employment and Contract law is the two regulatory system under which all business
activities has occurred. This creates a relationship between two or more than two parties.
Moreover, it has been concluded that contract has been imposed legal implications under the
system and creates safe and secure environment (Harner and Rhee, 2014). More apart,
employment law generate the relationship between employees and employers in order to obey
employer obligations for its employee. They have to create some safe and healthy environment
in the business premises. It helps Business future to maintained better productive environment in
the company. Employment law has created many laws and act to protect the interest of
employees such as compensation act, labor law, wages act, health and safety act etc. if company
3

fails to adopt any such kinds of employment law they liable to face government adverse action. It
gives negative impact on the behavior of employment law. Employment right act 1996 gives
right to leave child care, and also generate rights for flexible working hours. Pension act 2008
gives right to automatically enroll in a basic occupational pension. However, these laws gives
heavy impact on business in order to follow them.
Contract law is another law or act which has to be abide by all the parties who comes
under legal obligations (Davidson, Forsythe and Knowles, 2015). If any of the party fails to
accept the legal implications they liable to pay compensation to victim party.
Impact of employment or contract law on business
 Employment and contract law affect employer to employee relationship which gives
adverse effect on the business function. It is mandatory for employer to abide the best and
productive law making policies to sustain positive working environment.
 With the alteration in laws and employment act, business policies are affected directly
and business is not able to cope up with the same. It makes law making process of target
marketing and business activities.
 Business law also get interrupt the business to work at global or in international level. Sometimes, employment or contract may lead negative image of the company in market.
Impact of employment law
After handling business activities or company functions. Business owner requires
adopting all employment act or legislation in order to make them satisfied and happy with the
working environment of the company. Country pine needs to adopt all business operative or
regulations. Otherwise, it gives negative impact on the business operations. There are many
statuses of employee such as individual can be a worker, employee or self-employed.
Employee
Employee is an individual who working for a particular company under the contract of
employment. Employee has different rights to perform example Employee can liable for
statutory sick pay, taking leaves for maternity, adoption and paternity. Employee is in the
position where they are liable to follows the instructions that were given by employer.
Worker
On the other hand, worker is an individual who works for an employer under a contract
of employment. They are liable for short term casual workers, rest breaks, paid holiday and
4

limits on night works. Worker are entitled to core employment rights and protections. Some of
the examples of workers are agency worker, casual workers, some freelancers.
Self employed
Self-employed does not require any contract of employment. Self-employees are self-
made. Self employment is the state of working for oneself rather than an employer. Self
employed liable to pay income tax, rate of return, or relevant jurisdiction.
TASK 3
P4
Legal matters of the company solved by the legal systems in order to make the proper
implementation. It gives better output and solving technique (Jones, 2017). There are various
forms or method to resolve the business legal issues such as Negotiation, Mediation, Arbitration,
litigation etc. these are the following methods which helps to resolve the business issues at
minimum cost and time. They are taking the help of court. These methods help issues by
listening party concerns. These process helps to resolve the case of quality issue of Country Pin
with suppliers.
Negotiation: it is the first method or process to solve the problem without taking any
help of court. Negotiation is the method in which parties mutually negotiated with other party in
order to compensate or accepting the Price etc. there is no specific format of negotiation to be
followed both the parties has done on their own wish.
Mediation: it is another process or method to resolve issues. Under this solution
company appoint one mediator who resolves the issues of matter. The mediator is the person
who manage the process and helps to facilitate negotiation between the parties. Mediator never
make decision nor force to anyone (Van Uytsel and Wrbka, eds., 2016).
Arbitration: Arbitration is another issue solving technique which undertake the best
practices. Along with that, besides, under which it also helps to control the better involvement of
the person. Arbitration is the technique under which person appointed from outside and they not
belong from any of the party involved in the case.
Nature of registered company
5

Nature of company according to company act 1956 broadly classified into private and
public. Public company is a corporation which owned by government. On the other hand, private
company cannot owned by any regulatory body. They owned by an individual
Steps to make start up
 Do the research
 Make a plan
 Plan Finances
 Choose a business structures
 Pick and register business name
 Take licenses
 Make proper accounting systems
 Get team ready
 Promote the business services
Role of directors
 Act with powers
 Director should promote company success and growth
 Exercise independent judgment
 Try to avoid conflicts among customers
 Not accept benefits from third parties.
P5
In order to explain above different forms of business solution methods For CP arbitration
is the best alternative solution technique to resolve the case under which CP get their money
back. This solution is most productive under which arbitrator can recognize the study into deep
manner or take out the best solution for the company benefits. Arbitration is the most preferable
solution for businesses who doesn't require any court or judge.
Advantages of arbitration
 All parties usually agree with arbitrator with full faith and loyalty.
 It is economical in nature and is generally referred as cost effective method of business
solutions.
 Dispute between the parties has resolved in sooner (Van Uytsel and Wrbka eds., 2016).
 They don't need to acquire any law or government.
6

 They follow private procedures to make proper and productive changes
Arbitration is the most trusty and productive solution making task under which company
adopt better solution making task between the parties. The best part of the process is they listen
to both parties and do deep study matter performance task.
TASK 4
P6
Country Pin wants to expand their business into new level they need to follows the all
legal framework according to the country environment and growth. Moreover, every country
follows their own statutory and legal framework according to needs and requirement. This
process or method is totally effective and productive for the solutions. Moreover, it will be more
challenging and productive and influencing process of control. In order to accomplish the overall
matter of fact it helps to control the moreover, process of learning. Beside this, arbitration is
considered as common and effective technique in gaining sound solution of existing issue (Van
Uytsel and Wrbka, 2016). Same is been maintained with the help of legal framework and
regulation. Further, it saves considerable amount of cost of company.
Arbitration: Country pine needs to adopt this alternative dispute solution technique to
resolve their conflicts among other party. Arbitration is the technique that helps parties in
appropriate manner. In Arbitration process Company appoint Arbitrator, arbitrator does not
belong from any of the party. It helps to conduct deep results on the study and helps to identify
the new results and growth.
Sociology Economic value of law centers
Law centers across England provide a comprehensive legal services to individuals and
local communities, where they are located. However, the impact of their work often goes beyond
the individuals or community and affects wider stakeholders. The law of federation
commissioned of consulting helps CP with the production of a short piece of research examining
the sociology due to the strategic role law centers play.
CONCLUSION
From the basis of section it can be concluded that, business law is the most necessary or
potential source of sustaining the positive activities. Business law guides business to adopt safe
and secure activities to make good image in the market as well. Present study based on business
7

law for Business Futures Ltd through they provide the best business solutions to their clients.
They also make better environment in order to hold overall activities. Present study discussed the
role of government and different sources of law. On the other hand it also discussed about the
legal solutions through company resolves their business issues with parties.
8

9