Business Law Report: Law Making, Disputes, and Legal Advice

This business law report provides a comprehensive overview of key legal concepts relevant to business operations. It begins by defining business law and its significance, then delves into the sources of law in England, distinguishing between primary and secondary sources like case law, legislation, and legal publications. The report analyzes the roles of the government in law-making, differentiating between statutory and common law. It then illustrates the application of company, employment, and contract law, providing examples of their impact on businesses. The report further examines the formation and management of various business organizations, including sole proprietorships, partnerships, and corporations, and assesses their advantages and disadvantages. Finally, it addresses legal solutions for resolving disputes, comparing different sources of legal advice and support.

Business Law

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
P1. Sources of law.......................................................................................................................3
P2. Role of government in law making and application of common and statutory law in
judicial courts...............................................................................................................................4
TASK 2............................................................................................................................................5
P3. Illustration of company, employment and contract law applications on business along with
examples......................................................................................................................................5
M2. Differentiate between legislation, regulations and standards to analyze potential impacts
upon business...............................................................................................................................7
LO3. Examine the formation of different types of business organizations.....................................7
P4. Explore how different types of business organizations are legally formed...........................7
P5. Explain how business organizations are managed and funded.............................................8
M3. Assess the advantages and disadvantages of the formation of different types of business
organizations................................................................................................................................9
LO4. Recommend appropriate legal solutions to resolve areas of dispute....................................10
P6. Recommend legal solutions for resolving a range of disputes using examples..................10
M4. Compare and contrast different sources of legal advice and support for dispute resolution
...................................................................................................................................................11
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Business law is the branch of the judiciary that regulates the business activities of the
business organization. It is helpful for the smooth and legal management of the company. In
addition to the key legal regulations, there are laws which are of similar significance. This refers
to growing forms of organizations that may be a corporation, collaboration among several others.
In addition, fines and penalties must therefore also be imposed in the event of infringement of
any provisions of commercial law. In other words, business law applies to the field of law that
routinely regulates business transactions. It must be understood that regulations must be
accompanied in all situations to achieve the goals. In preparation for this article to be debated, a
variety of things will also reflect on whether reform has to be introduced and what the counsel
inside the legislature will be doing. The article includes the definition of the legal framework, the
origins and function of the judiciary, accompanied by the application of the law and common law
to the courts of justice. In addition, the various regulatory structures of a company and its
managers, along with how they are financed, the effects of specific forms of regulation and
regulatory approaches to business issues have also been addressed.
MAIN BODY
P1. Sources of law
The political structure of England is based on a common unwritten constitution with legal rules
for the printed portion of it. This is split into civil and penal divisions with its own legal
structure. It was seen by various countries as a basis for the creation of the legal framework.
Many rules and laws were included in this constitution. It has grown and expanded its reach in
many respects. There are various types of resources available in the English legal system to
comprehend the use of sculptures. Any of the examples are:
Primary sources- These sources are all first-hand information in the initial, uninterrupted or
supplementary form. The following are given:
Case law- This is one of the most reliable source which contains decisions in various cases.
They come in the context of a declaration to remove any questions regarding the legal
requirements.

Legislation- There is legislative institutions that have made different kinds of laws accessible in
writing for the part of the Constitution. Statues and rules for people who live in the United
Kingdom.
Secondary sources: In order to make the law understandable to all, the data from the main
sources is perceived. The following are:
Legal encyclopedias- Displaying information on practical terminology is presented in different
types of encyclopedias so that clarification can be acquired to profit them. England and Wales
law in Halsbury is the favorite legal encyclopedia.
Publications- These include the discussion, the presentations made by Members of Parliament.
There are many key components that are illustrated about the laws to be enacted. There are also –
anti-parliamentary journals comprising studies issued by government departments.
Law commission- In order to examine the enforcement agency (deal within the country, a
commission was created by the UK Government. They propose and support changes to the
current legal framework. There are recommendations for consideration from members and the
general public.
Textbooks- These are the books that the students studying in high schools have written. The
language used is easily understood by different authors and already viewed. It can be easily
explored by a person.
P2. Role of government in law making and application of common and statutory law in judicial
courts
The government is instrumental in ensuring that turned and rules rule the country the
behavior of people and organizations are established. Their position was divided into the
following three divisions:
Executive role- This role is related to the exercise of monitoring and implementation of laws
national laws. The Queen, Prime Minister and other cabinet members will be on the desk. The
function is managerial.

Legislative role- There is two chambers of the Commons. House of Commons and House of
Lords, which has the role of displaying bills in legislature for their transformation into actions.
Law implemented governs the actions of citizens in the country. There are penalties as well as
penalties that can be inflicted for wrongdoing.
Judiciary role- The role of the Court of Justice of the UK concerns the history of various courts.
Cases are entertained by courts in order to issue judgments to help the parties resolve the dispute.
Therefore, the position of rest of the government members is to ensure that there is sizeable
number of courts within various counties to prevent delays in the decision-making.
The experience of the practice of laws and legal law in the judicial courts will better explain this
position. The following is a distinction between the two:
Statutory law- This legislation is provided through the state in written form. Statues in this Law
protecting and ensuring the functioning of citizens in daily life. If a question cannot be settled by
the chairman or a judge in any case before the tribunal, it may recur under substantive rule in
order to assess the case. In the case of an offense an individual who is proportionate to the extent
of the offence would be disciplined.
Common law- It is legislation which has been developed from the judges, the courts and the
courts' new decisions. The legal precedent also tends to work on the theology of legal precedents.
The choice determination case will, in compliance with this theory, be based on the judgment
previously issued. But that would be secondary. It could be modified by statute provisions. In
various cases it is inappropriate for this statute to view the same evidence differently.
TASK 2
P3. Illustration of company, employment and contract law applications on business along with
examples
The legal system includes diverse kinds of laws which can be made to patent our company
in the type of labor. They are important for the management of a company by providing a legal
element of the company. The consequences of the aforementioned laws need to be understood.
The effect on the company has been seen below

Company law- The United Kingdom has the 2006 company law, which applies to companies in
the country. It contains laws that must be observed from the beginning until the end (Act, 2013).
Moreover, in the event of any violation or flagrant violation, retribution and punishment apply.
Without registration with the land registry, a business cannot be established. It does provide the
ground for paying managers, formulating MOA and AOA, collecting funds, etc. The industry
needs, for example, to elect a new director who can only be appointed in the meeting of the
board members via the established procedure. In the event of any infringement of this principle,
the business and its executives shall be liable to pay fines. Board members may also be
disciplined for enforcing a prison sentence.
Employment law- The law is intended as a protection against discrimination for employees and
their interests. Several statutes exist, such as Equalities Act, the Labor and Health Act etc. And
people can work without intimidation in a company. Many incidents of harassment, which is
prohibited by all such regulations in favor of those employed inside the company, have still been
reported in the past. Applicants have been stated that they tend to partner for the companies who
value their workers without prejudice. This monument often aims to provide fair chances to all in
order to minimize disagreements or problems to a significant degree. For instance, if an
employee who is working for a corporation finds himself discriminated against, the person in
question can view work for equality. This could affect both the brand identity and the retention
of jobs
Contract law- Company companies enter into corporate agreements arrangements. Laws and
their terms of service have been implemented for agreements. In order to obtain legal action as a
result, there are many critical elements to create a valid contract that must be satisfied. This tends
to offer the people interested in a contract a fair helping. In the UK no one is off for this, and that
most of the agreements for the exchange of goods between both the buyers and sellers are
concluded for commercial purposes. The Sale and Supply of Goods Act of 1954 consequently
governs it. When there is a violation of the terms of service, the whole agreement may be
discharged and no further consequence will be granted on the deal. For instance, an arrangement
has also been signed between A and B on the sale of products on which we've already charged
50% of the sum. A does not supply the product to B inside the period agreed on the same. In
such a scenario, B may bring specific action toward A to the courts.

M2. Differentiate between legislation, regulations and standards to analyze potential impacts
upon business
Main difference: It is the enactment of rules and regulations built by social foundations to
administer behavior. These laws are made by government authorities. Everyone, including
private residents, meetings and organizations, as well as big names, associations and open
foundations, should obey the law.
Then again; the instructions shall be rules that entertain the proper functioning of a society and
maintain harmony and sympathy among its relatives. In terms of the definition, the rules are
generally similar to the laws. But that may be, they go against the laws because they are not
flexible in law.
Signals work by providing subtleties (rules or prerequisites) for objects, organization, and
structures. When used reliably, they guarantee quality, richness and efficiency. They may present
themselves as a kind of intended relationship that provides knowledge of the topic being referred
to (Roach, 2016).
In order to create a business, it needs to adhere to many guidelines, advertising and rules that
help it to run easily. Guidelines, advertising and principles have been established to ensure that
everyone is treated the same. Each of the three promises that all organizations must follow many
rules and lest they challenge these rules, the company should recognize the results of any social
situation or situation.
LO3. Examine the formation of different types of business organizations
P4. Explore how different types of business organizations are legally formed
There are different types of business associations that depend on legitimate standards, the size of
the company and the number of people. The types are discussed below:
Different types of business associations depend on the property and the board of directors. These
include the sole proprietorship, the partnership, the cooperative and the Capital Corporation.
1. Sole Proprietorship: It is a type of commercial society in which an individual has to take care
of the company and bear its advantage and misfortune. This company association has the

features, is very well set up and closed effectively, can make quick choices and work quickly on
it, direct promotion and flexibility in the activities.
2. Partnership: A partnership is a type of commercial company in which at least two qualified
persons are authorized to operate a law-abiding business and can share the benefits. An
association company is far from difficult to gather and has flexibility in its activities. Under
society, the resources of a large number of supporters are connected and best used with the help
of a right choice. Based on this, the interests of the large number of users are ensured by
exploiting clear individual information about robots. Since all accessories are exploits of sector
benefits and misfortunes, they look in the sector (Mayss and Reed, 2018). Their important
limitations are: unlimited risk, timeliness, limited capital, untapped offer and lack of shared
understanding among subscribers.
3. Co-operative society: It is a deliberate society of people who work together to promote their
financial benefits. It takes a rule for improving yourself and a shared direction. Membership of
colleagues is deliberate and open to all. It has its own independent legal presence and is fairly
managed.
4. Joint stock Company: It is a business element in which investors can buy and sell shares in an
organization's stock. Each investor offers a part of the group to some extent, which is determined
by their offers (proof of ownership). Investors can transfer their offers to others without any
impact on moving forward with the presence of the group.
P5. Explain how business organizations are managed and funded
Certain business associations have different dimensions of activity, as indicated by needs and
methods. Management and archiving requirements will depend on the size of the activities and
the number of employees working under the owner:
Sole Proprietorship – This is reasonable for a simple company with low and generally safe
capital. Organizations that require work, such as hand looms, crafts and art, jewelers' work, and
so on, are generally set up as individual property groups.
Partnership – It is applicable in fellowship, offering legitimate forms of support, clinical
administrations and so on. Organizations that need decent mid-level capital are there. Exchange

of discounts, possible administrations, exchange houses and small production units can operate
as organizations (Kelly, Hammer and Hendy, 2014).
Co-operative society – It is set up to address basic financial issues or to address issues in the
most vulnerable areas. They are set up to acquire low-cost merchandise, home improvement,
product offerings on the market, promotions to individuals, and are reasonable for providing
development and so on.
Joint stock Company: This type of association is controlled by various people and legally
restricted by common commitments and guidance. It is supported by borrowing or collecting
funds from other non-banking financial institutions (NBFCs).
M3. Assess the advantages and disadvantages of the formation of different types of business
organizations
Advantages and disadvantages of different types of organizations:
Sole Proprietorship:
Advantages Disadvantages
Low beginning up and operational expenses. It has boundless risk: individual property of
sole owner is liable to satisfy back obligations.
Sharing all benefits alone. Business has constrained life expectancy; it
takes with proprietor's life.
Having less guidelines and guidelines. It faces difficulties while raising capital for
maintaining the business.
Partnership:
Advantages Disadvantages
Go through the tax assessment The companions face an infinite risk of
similarities and responsibilities of exchange.
Pretty simple to present A single consortium can damage the individual
activities and properties of each structure.
It is best to use the capacity and quality of each
device.
Without an early resolution, the group ended
with the passage of a partner.
Fewer administrative jobs and legal restrictions Choosing one to collaborate with or without
prior approval from various sponsors can
disturb the business.

Co-operative society:
Advantages Disadvantages
This article is selling a little as there is no cost
to promote it.
Since it has individuals for most low-paying
collections, capital can be absorbed in a limited
amount.
The costs of backing up records and so on and
executives are largely non-existent because
individuals get beat for their own unpaid
wages.
Due to limited budgetary funds, it is
appropriate to expect to hire specially qualified
people.
He will give his employees great compensation
and position.
It requires careful and serious consideration.
Joint stock company:
Advantages Disadvantages
The liability of shareholders is limited to the
direct price.
Efficiency is low and losses may occur due to
low interest of salaried managers.
More people are motivated to invest money;
hence more capital can be raised to run modern
industries.
The directors of such organizations and other
members of the management have more
opportunities for personal gain, as they are
aware of the financial condition of the
company and can buy and sell shares
accordingly.
It comes under legal restrictions, so the public
has full confidence.
Many types of details have to be prepared to
form a company. It also costs expensive and
time is also wasted in it.
LO4. Recommend appropriate legal solutions to resolve areas of dispute
P6. Recommend legal solutions for resolving a range of disputes using examples
Case1: Gordon is equipped to receive compensation for 2017; but also 2015 and 2016. Starting
from this moment, the act of consent is described which; are expected to receive a basic salary of
£ 10,000 and a 9% commission. After that there is no change in the contract; In addition, there is
only a verbal understanding between Gordon and Fred about compensating. However, there is no
notice under the Consent Law and commercial law which; Gordon is allowed to waive his salary.
Similarly, the law obliges the organization to pay producers basic compensation for their work

and commitment. Likewise, Gordon must be paid a substantial compensation by the organization
as a guarantee.
Case2: According to contract law between customers and the specialized cooperative; the
amount must be paid immediately after complete installation and the start of administration. The
agreement includes both the installation package and the web and telephone lines. From now on,
Janet cannot be cautiously charged based on the configuration of a web package. Furthermore,
both web packs and telephone lines are highly correlated; this means that without the telephone
lines the networks will not work. In this way, Janet is not at risk of paying the costs for an
unused network for up to 3 weeks.
Case3: Winding up petition can be used by those lenders who have pledges of more than £ 750
with the group and the company did not respond after regular tenant involvement. Don't stop
from finishing; various options are being explored below:
1. Pay off creditor: In this option paying substantially attention to the head of a loan, who
has submitted an application, can maintain a strategic distance from this situation.
2. Negotiate company voluntary arrangement (CVA): Likewise, Blackhorse may exchange
with its loan manager incomplete and install the installment at a later fixed date or may
enter into an agreement to pay the remaining amount on its loan 'agreed date.
3. Dispute the debt: It can be used when Blackhorse has sufficient evidence that a lender's
request is incorrect.
4. Taking debt: Blackhorse can likewise go for taking advance to take care of loan of
creditor’s money.
M4. Compare and contrast different sources of legal advice and support for dispute resolution
Some of the sources of legal advice are discussed below:
Solicitor Referral Service: The Law Society of New South Wales operates this administration;
look for organizations that deal with similar issues and offer similar types of support. It provides
only labor advice, agents and managers defined by wage law and business contract law.

Community legal Centres (CLCs): It provides advice on legitimate issues, defined by the
Commercial Contracts Act, the Consumer Contracts Act and the Agency Act. It resolves all
questions relating to the terms and conditions of the contract.
Legal Aid NSW: It provides a range of legal administrations for individuals or agents or buyers
seeking valid guidance, assistance and referral to court. It does not provide any legal advice to
organizations and businesses (Mann and Roberts, 2011).

CONCLUSION
Of these, after reviewing the entire report; tends to reason that a law makes all approaches
separate and limits the unconscious organization to be open or direct customers of the benefits. It
also limits production companies to dirty conditions and destroys producers and opens up rights
to well-being. An act of agreement makes it simple and essential to stay away from a question
between two separate collections. Different types of cooperatives are made by people's
requirements. Some of them are important social hierarchies: buyer cooperatives, creation
colleagues, advertising cooperatives, private collaborators, agricultural colleagues and credit
cooperatives.

REFERENCES
Books and Journals
Basedow, J., 2017. BREXIT and business law. China-EU Law Journal, 5(3-4), pp.101-118.
Beatty, J.F., Samuelson, S.S. and Abril, P., 2018. Essentials of Business Law. Cengage Learning.
Dimatteo, L., 2016. International business law and the legal environment: a transactional
approach. Taylor & Francis.
Ibp, I., 2017. Romania Business Law Handbook Volume 1 Strategic Information and Basic Laws.
Int'l Business Publications.
Jan, K. and Harm, W., 2019. A Basic Guide to International Business Law. Routledge.
Kelly, D., Hammer, R. and Hendy, J., 2014. Business law. Routledge.
Mann, R.A. and Roberts, B.S., 2011. Smith and Roberson’s business law. Cengage Learning.
Mayss, A. and Reed, A., 2018. European Business Litigation. Routledge.
Miller, R.L., 2016. Business Law Today, Comprehensive. Cengage learning.
Roach, L., 2016. Card and James' Business Law. Oxford University Press.