Business Law Report: Legal Solutions for Business Problems, Contracts

This report delves into the significance of business law, emphasizing its role in safeguarding business operations and ensuring protection for customers, employees, and organizations. It explores the various sources of business law, including legislation, case law, human rights, and EU law, highlighting their importance. The report also examines the role of government in law-making, detailing the processes involved in creating laws. Furthermore, it analyzes the impacts of employment and contract law on businesses, providing insights into regulations and potential implications. The report suggests legal solutions for business problems such as contract termination, insolvency, and liquidation, justifying the use of appropriate solutions and recommending legal approaches based on different country's legal systems and legal frameworks, like arbitration, to resolve disputes efficiently and effectively.

BUSINESS LAW

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
P1 Explanation about the different source of law and laws that organisation must comply......3
P2 Explanation about the role of government in law making and how statutory and common
law is applied in the justice.........................................................................................................4
P3 Description about the employment law and contract law has a potential impact upon the
businesses....................................................................................................................................5
P4 Suggestion about the legal solution for a range of business problems that is termination of
contract, rescue from insolvency and liquidation.......................................................................5
P5 Justification for use of appropriate legal solution to the company........................................5
P6 Recommendation of the legal solution based on the different country's legal system and
different legal framework............................................................................................................5
CONCLUSION................................................................................................................................1

INTRODUCTION
Business law is one of the significant aspect in the present time by which every business
organisation can keep protect and secure its business activities and functions. It is a systematic
legislation and law which develop in order to provide the proper protection and security to the
customer, employees, and organisation. In the today's time, there are numbers of criminal cases
increase due to which various illegal act has been enhanced in the country. In order to overcome
this kind of acts and unethical things, government have developed some kind of legislation and
rules (Smith and Malloy, 2013). In every country there are different rules and regulation
developed by the government. The major objective of this legislation and law to provide security
and protection to the citizen and organisations. The present report is based on the business law
and its significance in the organisation. The law helps to the citizen in taking the proper decision
and judgement about the cases. The role of government in the development of law and impact of
employment law on the business has been systematically discussed in this report.
MAIN BODY
P1 Explanation about the different source of law and laws that organisation must comply
In every country, there are different kinds of the law and legislation which assist to the citizen
and organisation to keep secure and safe themselves. It is very important to the organisation to
follow all imposed regulation which developed by the government. In addition to this, business
law is a set of principles which developed by the government in order to deliver protection and
security in the country (Scholes, 2015.). There are major four kinds of the source if business
law. They are legislation, case law, human rights, EU law etc. These all law is very significant to
protect the business, contract as well as citizens in the country. The effectiveness and
significance of the business law are as follows-
 Legislation- Legislation is another one of the major source of the law which made by the
parliament and are considered to be the most important ones. In addition to this, it is the
body in the UK which have been given right to prepare law through the acts which can
further be applied in the four countries in the UK. Major two kind of the parties in the
parliament of the UK that are House of Lords and the House of Commons. In the house
of lords there are major 650 memebers who takes active participation in the parliament
for developing the law. On the other hand , in the House of common, 600 peers appointed

by the queen. In this manner, lord of lady, senior bishops of the church have received the
aristocratic titles.
 Case law- England and Wales are the major body which developed this law. This law
considers that decision which made in the past. Court then try to make the interpretation
of the issue being faced before the parliament (Posner, 2014).
 Human right law- Human right is another one of the most significant source of law which
provides the security and safety to the human in the companies as well as country. This
law comes into the existence in 1998 and was then come into force from October
2000.This law is generally made by the European Convention on Human Rights (ECHR).
 EU law- UK is the member of the EU so all the law and regulation which is applied in the
EU will automatically implement by the UK.
P2 Explanation about the role of government in law making and how statutory and common law
is applied in the justice
Government plays a very important role in the development of the law in the country. In
the absence of government, country can not develop an effective law for the business as well as
citizens. On the basis of the promises in the election, manifestation law can develop. In this
process, government plays a very fundamental role. Thus, the process involved in the preparation
of law are as follows-
 Bill- Bill is the first stage under the proposal of bill. It includes the explanation of bill and
there are three kinds of bill that are public bill, private bill, and private member bill.
Private bill have significant impact on the particular community or person (Lieberman
And et.al., 2016). On the other hand in the public bill there are significant impact on the
people at large scale is noticed.
 First reading- In the first reading, the proposed bill organised in House of common.
 Second reading- In this stage, debate can conduct for analyse the reliability and viability
of the bill. Amendments are made based upon the conclusion of the debates conducted. In
order to take the decision about whether the bill should be forwarded to next stage of law
making of not, the voting procedure can conducted in the parliament (Kinicki and
Kreitner, 2012).
 Committees stage- Hose of common defined the detail explanation of the proposed bill.

 Third reading- In this stage, voting is conducted to assess acceptance and rejection of the
amended bill.
P3 Description about the employment law and contract law has a potential impact upon the
businesses
There is huge impact of the contract law and employment law upon the businesses. These
laws can hugely influence the activities and action of the employees as well as parties who
involved in the contract (Folsom And et.al., 2012). Government have imposed some employment
and contract law which have to follow each and every organisation at the time of making the
agreement and start the business. Some of the regulation and rules are as follows-
 If in the market there are already existence of the name of company then no other
business unit have right to use this name. In addition to this, any misleading information
of the company ans its functioning can not be considered at the time of deciding the name
of the organisation (Conley, 2014).
 It the time of legislation process, all important information related to the name and its
functioning should clear and understandable by everyone (Disch, 2016.).
 It is also very important for the company that the information which is used by it should
not harm to any other community and entity.
 The organisation names should not be confused to some organisation or its reputation in
the market (Clark, 2016).
As per the above discussion it has been analysed that the law which is imposed by the
government should follow all organisation and if any firm breaks this rules and regulation then
they have to pay some specific penalty. In addition to this, if any one do not pay the penalty then
government have decided some specific punishment for them.
P4 Suggestion about the legal solution for a range of business problems that is termination of
contract, rescue from insolvency and liquidation
There are various kinds of issue occurred in the organisation such as termination of
contract, rescue from insolvency etc. While two or more than two parties involves in the contract
then it is very important to follow all terms and conditions by both parties. If anyone party break
or breach of the contract then that particular contract will be comes under the void contract. For
example, x is working in the construction company and company have hired him on the specific

period of contract. (Crane and Matten, 2016) At the time of contract made, management
considered some rules and regulation of the company. In this contract it has included that if any
kind of violation done by employees then company can terminate him or her any time. After
some time of the recruitment of x, management have found that x do not properly follow the
rules and policies of the company like punctuality, assignment completion, misbehave with other
employees, team leader etc (Been, Millett and Sheikh, 2015). Management noticed that x has not
come to the office at time and has not followed the rules of the company. He has not properly
focused on the construction project due to which productivity of business has been decreased.
Due to these all reasons, one day, management of the company have decided to terminate the x.
Thus, it can be said that as per the employment law, all organisation have right to terminate any
employees at any time if they do not properly follow the rules of the company.
P5 Justification for use of appropriate legal solution to the company
As per the above discussion, x has been terminated by the employment contract in the
construction company because he do not properly follow the rules and policies of the company
like punctuality, assignment completion, misbehave with other employees, team leader etc
(Akhmetov and et.al., 2016 ). Management noticed that x has not come to the office at time and
has not followed the rules of the company. He has not properly focused on the construction
project due to which productivity of business has been decreased (Coffee, Sale and Henderson,
2015). Due to these all reasons, one day, management of the company have decided to terminate
the x. In this case, there are various kinds of other solution which can be used by the construction
company. In this case company can take the other legal solution as company should provide the
termination notice to x. In this method, company should give the notice period to that employee
so as they can realise their mistake and problem by which employee can get the chance to
consider their mistake and work on it. In this aspect, company should conduct the meeting with x
so as x have opportunity to discuss their issue with the company. In addition to this, with help of
this method, x can easily discuss their issue with management and find out the best solution for
it. With help of this method, management can easily solve the issue with the employees and find
out the best solution for it. In addition, another effective method is arbitration under which
company can hire the arbitrator. Arbitration is one of the most effective and common method by
which disputes can resolve. It is a common method of alternative disputes resolution where out
of the court settlement is made by the parties.

P6 Recommendation of the legal solution based on the different country's legal system and
different legal framework
In order to resolve the issue and problem among the parties, arbitration is one of the most
effective and common method by which disputes can resolve. It is a common method of
alternative disputes resolution where out of the court settlement is made by the parties
(Cheeseman and Garvey, 2014). With assistance of this method, two or more than two parties
can easily get the solution of the problem. With assistance of this legal solution, party can ignore
the long and lengthy process of the court. In this process, arbitrator is a person who hires for hear
the case of both parties. On the basis of the case of two parties, arbitrator takes the decision.
Arbitrator is the person whose decision is trusted by both the parties and rely over the judgement
that has been made by him. This is the best method to take the legal solution among the parties.
If in this method, party who involved in the disputes is not satisfied with the judgement made by
the arbitrator then in that case they can head to the court for the settlement. The major advantage
of this method is that it assist to the parties as they do not have need to go to the court and they
do not face the lengthy procedure of the court. With assistance of this method, parties can escape
from the long process of the court. In addition to this, matter of the parties is also kept
confidential without hampering the brand image of the organisation. With help of the method,
party can escape to spoil their image in the market because all matter and information can
confidential among the parties and arbitrator.

CONCLUSION
From this entire report it has been concluded that business law is one of the significant
aspect in an organisation by which business enterprise can keep secure and safe its business
activities, function, customer, employees and operation. Government plays a very important role
in the development of the law in the country. In the absence of government, country can not
develop an effective law for the business as well as citizens. It has been also concluded that If in
the market there are already existence of the name of company then no other business unit have
right to use this name. It has been also concluded that in order to resolve the issue and problem
among the parties, arbitration is one of the most effective and common method by which
disputes can resolve.
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REFERENCES
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Crane, A. and Matten, D., 2016. Business ethics: Managing corporate citizenship and
sustainability in the age of globalization. Oxford University Press.
Disch, L., 2016. Representation. In The Oxford Handbook of Feminist Theory.
Folsom, R. H. And et.al., 2012. International business transactions: a problem-oriented
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Kinicki, A. and Kreitner, R., 2012. Organizational behavior: Key concepts, skills & best
practices. McGraw-Hill Irwin.
Lieberman, J. And et.al., 2016. Business law and the legal environment.
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