This report states that you have secured Apprenticeship with Business Futures who is business consultant and they are giving advice to those who wish to start their own business or expansion of existing business.
- Explain the role of legal systems.
- Develop impact of law on business activities
- Suggest legal solution to business problems
- Recommend legal solution based on alternative legal advice.
Business law is the set of legal regulations which are developed by government and parliament. These laws are designed with consideration to various issues or problems faced by a company or organisation. The laws finally developed are formulated by the legal bodies or authority in the nation to manage and control legal issues. There are various laws and regulations imposed in different countries. The business laws ensure proper and legal functioning of an organisation. For instance, English law regulates and manages organisations operating in England and Wales. The present report is in context to conflict between two businesses or parties with regard to contract, sales and merger. The report will help in developing effective knowledge and understanding of English legal system that controls legislations developed as well as applied in England and Wales.
P1. Sources of law and nature of English legal system
According to the concept of legislation, the main purpose of developing legal norms is to maintain and manage basis of legal structure of a community and providing the most appropriate or suitable solutions to issues being faced by organizations or businesses. It helps a business to run its activities and functions smoothly. The companies fail to follow legal laws or norms, then in such condition it faces legal consequences, penalties etc. English legislation is developed by the legal authorities within British legal system. Laws under English legal system are formulated by the government that are responsible for governing and regulating activities of organizations operating their functions within England and Wales. The English legal structure is sectioned within two zones which are crooks and affable. The criminal zone covered by Magistrate court, court of offer and crown court whereas Nation council and High court of equity go under the common segment or region. There are various sources of laws which can be described as below -
European law - Convention of human rights, this is the act in English legal system that is affected by the laws under European Union. Business law is a critical element of European Union law that manages various directions enabling an organization and its functions easily and effectively(Bagust and et.al, 2015).
Statutory law – It is an important element of law which is sorted by the Parliament of UK. This consist of well-being, contract, security and protection related laws. It has turned in very popularly known as wellsprings of laws changing since 17th century.
Customer law – The law based on precedent another collection of control developed by the English council's judgments. It is connected with the use of American traditions and individuals. ;
Primary law - These form of laws are
Secondary legislation – These types of norms are developed by representatives of primary legislation authorities. Appropriate examples of secondary legislation are national assembly of Wales act, Ireland Act, etc(Kadish and et.al, 2016).
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