Business Law Report: Unit 7 - Business Law Assignment, HND Diploma

This report examines various aspects of Vietnamese business law, focusing on contract, company, and labor law principles. It begins with an introduction to Haelen, a two-member limited liability company, and outlines specific legal issues related to capital contributions, a construction materials contract, and an employee severance agreement. The report provides definitions and classifications of contracts (oral, written, and electronic), and delves into the concepts of void and voidable contracts, exploring the conditions that render a contract invalid. The report also covers company law, discussing different types of enterprises, including sole proprietorships, partnerships, limited liability companies, and joint-stock companies, along with their advantages and disadvantages. Additionally, it touches upon labor law and explores various dispute resolution methods such as negotiation, reconciliation, arbitration, and court proceedings. The report concludes with an analysis of the effectiveness of court and arbitration in Vietnam, and identifies the most popular types of enterprises and dispute resolutions used in the country.

ASSIGNMENT 2 FRONT SHEET
Qualification BTEC Level 4 HND Diploma in Business
Unit number and title Unit 7: Business Law
Submission date July 5, 2021 Date Received 1st submission
Re-submission Date Date Received 2nd submission
Group number:
Student names & codes Final scores
PHAN PHÚ TR NG - GBS200816ƯỜ
D NG KHÁNH NGÂN - GBS200168ƯƠ
NGUY N NG C PH NG TRANG - GBS200271Ễ Ọ ƯƠ
Class GBS0904_NX Assessor name
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I u
a form of malpractice.
P3 P4 P5 P6 M2 M3 M4

OBSERVATION RECORD
Student 1 PHAN PHÚ TR NG -GBS200816ƯỜ
Description of activity undertaken
1. Invalid contracts
2. The overview of a real contract
3. Assets for contributing capital to the enterprise
4. Sole proprietorship & advantages and disadvantages of sole proprietorship
5. Joint - stock company & advantages and disadvantages of the joint - stock company
6. Evaluate the effectiveness of court and arbitration in Vietnam
7. Analyse the most popular type of enterprise and a legal solution in Vietnam
Assessment & grading criteria
How the activity meets the requirements of the criteria
Student
signature: Phu Truong Date:
Assessor
signature: Date:

Assessor
name:
Student 2 DƯƠNG KHÁNH NGÂN - GBS200168
Description of activity undertaken
1. Introduction of Contract law
2. Introduction of Enterprise
3. A legal trouble and a solution of contract law, company law, and labor law
4. Partnership & advantages and disadvantages of partnership
5. Advantages & disadvantages of limited liability company
6. Evaluate the effectiveness of court and arbitration in foreign countries
7. Analyse the most popular type of enterprise and a legal solution in Vietnam
Assessment & grading criteria
How the activity meets the requirements of the criteria
Student
signature: Khanh Ngan Date:
Assessor
signature: Date:

Assessor
name:
Student 3 NGUY N NG C PH NG TRANG - GBS200271Ễ Ọ ƯƠ
Description of activity undertaken
1. Introduction of Contract law
2. Invalid contracts
3. Distinguish charter capital and legal capital
4. Limited liability company
5. Advantages and disadvantages of 4 dispute resolutions
6. Advantages and disadvantages of 4 types of enterprise
7. Analyse the most popular type of enterprise and a legal solution in Vietnam
Assessment & grading criteria
How the activity meets the requirements of the criteria
Student
signature: Phuong Trang Date:
Assessor
signature: Date:

Assessor
name:
Student 4
Description of activity undertaken
Assessment & grading criteria
How the activity meets the requirements of the criteria
Student
signature: Date:
Assessor
signature: Date:

Assessor
name:
Student 5
Description of activity undertaken
Assessment & grading criteria
How the activity meets the requirements of the criteria
Student
signature: Date:
Assessor
signature: Date:

Assessor
name:
 Summative Feedback:  Resubmission Feedback:
Grade: Assessor Signature: Date:
Internal Verifier’s Comments:
Signature & Date:

I. INTRODUCTION ...................................................................................................................... 11
II. MAIN BODY ............................................................................................................................. 11
A. CONTRACT LAW ........................................................................................................................... 11
1. Introduction of Contract Law ............................................................................................ 11
a) Definition: .......................................................................................................................... 11
b) Types of contract: ........................................................................................................... 11
c) Invalid contracts: ............................................................................................................ 13
2. A real contract & An overview .......................................................................................... 16
a) A real contract: ................................................................................................................ 16
b) An overview: .................................................................................................................... 16
3. Legal problem - Contract law ............................................................................................ 18
a) A trouble: ............................................................................................................................ 18
b) A legal solution: ............................................................................................................... 19
B. COMPANY LAW ............................................................................................................................. 21
1. Introduction of Enterprise .................................................................................................. 21
a) Definition: .......................................................................................................................... 21
b) Charter capital & Legal capital: ................................................................................ 21
c) Assets for contributing capital to the enterprise: ............................................. 23
2. Main different types of enterprises ................................................................................. 24
a) Sole proprietorship: ...................................................................................................... 24
b) Partnership company: .................................................................................................. 27
c) Limited liability company: .......................................................................................... 30

d) Joint stock company: ..................................................................................................... 33
4. Legal problem - Company law ........................................................................................... 37
a) A trouble: ............................................................................................................................ 37
b) A legal solution: ............................................................................................................... 38
C. LABOUR LAW ................................................................................................................................. 40
a) A trouble: ............................................................................................................................ 40
b) A legal solution: ............................................................................................................... 40
D. ANALYSIS & EVALUATION ...................................................................................................... 42
1. The effectiveness of Court and Arbitration ................................................................. 42
2. The most popular type of Enterprises - Vietnam ...................................................... 43
3. The most popular Dispute Resolutions - Vietnam .................................................... 45
III. CONCLUSION ......................................................................................................................... 47
IV. REFERENCES ......................................................................................................................... 47

I. INTRODUCTION
Haelen is a Two-member limited liability company about manufacturing furniture in Vietnam, with a
specific address: 10B Street No. 11, Son Ky, Tan Phu, Ho Chi Minh City, website:
https://hosocongty.vn/cong-ty-tnhh-hai-thanh-vien-haelen-viet-nam--hcmc--com.htm. There
are shareholders: Ms. Nguyen Thi Loan, ordinary shareholder owns 100 ordinary shares, Mr.
Tran Van Binh is a voting preference shareholder owns 50 dividend preference shares, Mr. Vo
Phung and Ms. Nguyen Chi Mai jointly founded the company and each owns 35% of the company's
charter capital which is recorded in the list of founding shareholders of the company.
Haelen Limited Liability Company has three issues related to company law, contract law and labor
law, which is a capital contributor failure to contribute capital adequate and on time, contract
for the sale and purchase of building materials with a company construction of Russia, and
employee severance contract.
This report will give solution and resolution for those problems based on four dispute Resolution:
Negotiation, Reconciliation, Arbitration, Court. Through which people will understand more about
the concept, rules and operation according to the law of company law, labor law and contract law.
II. MAIN BODY
A. CONTRACT LAW
1. Introduction of Contract Law
a) Definition:
A contract is a legal promise made by two or more parties (legal entities) to do or not do anything
within the legal structure. Contracts are frequently connected with projects, in which one party
undertakes to carry out the project or a portion of a project for himself with the help of other
parties. Contracts can be economic civil agreements (economic contracts) or social ones, just as
there are socio-political projects, manufacturing and commercial initiatives.
b) Types of contract:
➢ There are three main kinds of contract:
Oral contract

An oral contract is a type of commercial contract in which the conditions are communicated and
agreed on orally rather than in written. Although proving the requirements of an oral contract in the
case of a crisis may be difficult, this particular deal is valid and binding.
Written contract
In contrast to an oral contract, a sort of contract in which the provisions have been committed to
writing or physical form.
Electronic contract
An electronic contract is one that is formed by the use of data that is produced, transferred,
obtained, and stored technologically
Advantages & disadvantages
Contract ADVANTAGES DISADVANTAGES
ORAL - Best used for simple agreements
- More quickly and easily
➔ The simpler the contract, the
lower the chances that the parties
involved will need to go to court
- Save time
- More likely to fall apart when held up to
the scrutiny of a court
WRITTEN - Protect people’ interests more
effectively. Some types of contracts are
only binding when written.
- Time-consuming to create and complete
- Complex to understand
- Limits Flexibility: formalizing an
agreement puts restrictions on the ability
to operate flexibly in the future
ELECTRONIC - Ease of access: getting documents
attested via online is fast, which saves
considerable time for both sides
- Improve Document Accuracy
- Save Time and Money.
- Restricted Storage
- Unassured Security
- Dependency on Proprietary Software