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Law and the Legal System [Name of Student] [Name of Institute]

Table of Contents Introduction 3 “LO 1 Basic Nature of the Legal System” ...................................................................................................... 3 “Different Sources of Law that Organisations must Comply” .................................................................. 3 Secondary Source: ............................................................................................................................... 4 Primary Source: ................................................................................................................................... 4 “P2 Role of Government in Law-Making, Common Law in the Justice Court” ......................................... 5 “M1 Evaluate The Effectiveness Of The Legal System In Terms Of Recent Reforms And Development”..6 “LO2 Potential Impact of the Law on Business” ........................................................................................... 6 “P3 Illustrate How Company, Employment and Contract Law, Johnson Solicitors” .................................. 6 Health and Safety at Work (Act 1974) ................................................................................................ 7 Equal Opportunities Regulations ........................................................................................................ 7 Data Protection ................................................................................................................................... 7 “M2 Differentiate and Analyse the Potential Impacts of Regulations, Legislation and Standards” .......... 8 “D1 Critical Evaluation of the Legal System and Law, with Evidence of Different Relevant Examples to Support Judgments” ................................................................................................................................ 8 “LO3 Formation of Different Business Organisations” ................................................................................. 8 “P4 M3 D2 Explore how Different Types of Business Organisations, Advantages and Disadvantages” .... 8 Sole Proprietorship ............................................................................................................................. 9 Partnership .......................................................................................................................................... 9 Corporation ......................................................................................................................................... 9 Limited Liability Corporation ............................................................................................................ 10 “P5 Business Organisations are Managed and Funded” ........................................................................ 10 “LO4 Legal Solutions to Resolve Dispute” .................................................................................................. 11 “P6 Demonstrate How Party Obtain Legal Support” .............................................................................. 11 “M4 D3 Compare Different Legal Advice and Support for Dispute Resolution at UNIVEG” ................... 11 Conclusion ................................................................................................................................................. 12 References ................................................................................................................................................. 13

The most important aspect of the British constitution is the primacy of Parliament. Legislation enacted by Parliament itself limits the use of parliamentary dominance in practise. This includes the accession to the EU in 1973, the Human Rights Act of 1998, and the decision to create the United Kingdom Supreme Court, which replaced the House of Lords as the country's highest legal authority. There are two primary sources of law: secondary sources and primary sources that can be subdivided into subsources. There are two primary sources of law. (Belluco, et al., 2017) Secondary Source: This would include publications such as books, periodicals, newspapers, and journals that frequently contain articles that explain how specific laws, regulations, rules, and legislation came into effect. These are the basic measures to use as a starting point for any analysis. They provide the important languages that are measures commonly used in legal proceedings, professionals may discuss related issues, and they are measures as an easy way to understand and skim compared to primary sources.. Primary sources and secondary sources both contain relevant information. (Chen and Cheung, 2017) . Primary Source: In the context of data law, primary sources are regarded as the original and authentic source of information. "Precedents" refers to previous rulings of courts, which often serve as precedents for lesser or higher courts, as well as precedents from other jurisdictions. As a rule, these regulations must deal with community standards that have been established through time by certain individuals. The Court of Justice of the EU has joined forces to keep an eye on these issues. Finally, international laws, which are recognised by some international organisations, such as the United Nations, UNESCO, WHO (Búzás, 2018) .

“P2 Role of Government in Law-Making, Common Law in the Justice Court” According to the literature, the constitution of the United Kingdom is modestly drafted. As a result, there is a lot of legislation coming out of Parliament. Both the House of Commons and the House of Lords are critical to the legislative process. The House of Commons is represented by the individuals who are chosen to serve on the government's non-appointive body once every five years. In order to do so, the government attempts to address a wide range of issues and challenges that the country is now dealing with (Jobin, et al., 2019). The chosen government submits a bill to Parliament as a solution to the issue. The most productive debate occurs between the government and the opposition parties. The House of Lords receives the measure after it has been passed by the House of Commons. Lords is the most important Supreme Court. The Supreme Court will reexamine the legislation and, if necessary, make recommendations for revisions. The measure is sent back to the House of Commons for further revisions once it has been thoroughly analysed. The bill is returned to the Queen as soon as the amendments have been completed. (Hone, et al., 2018) . Figure 1 Law-Making Process “Source: https://www.hierarchystructure.com/british-political-hierarchy/”

businesses. Some other responsibilities, such as the development of an effective Human Resource and an efficient Corporate Social Responsibilities, also have a significant impact on the organisation (Salter, 2017). Aside from that, there are many other obligations that a company has to deal with: Health and Safety at Work (Act 1974) In accordance with the rules and regulations, businesses are required to put an end to any fraudulent activity. There are both positive and negative consequences for the company as a result of these changes. As soon as Johnson Solicitors is declared a general restricted organisation, they will be able to conduct risk assessments and provide personnel the necessary training. The company has the responsibility to provide its employees with the safest possible working conditions. (Governatori, et al., 2018) . Equal Opportunities Regulations Employers are required to treat all employees equally under the Equality Act of 2010. The initial goal of this legislation is to ensure that there is no discrimination based on gender, age, colour, or income in the operational environment. It also forces the leader to make changes for the significantly challenged personnel in order to support them with the traditional staff. (Governatori, et al., 2018) . Data Protection Knowledge and information protection legislation (enacted in 1998) ensures that no corporate or public organisation can make use of nonpublic data or useful information. The current legal framework applies to the publication of Johnson Solicitors in the United Kingdom. (Bojica, et al., 2018) . “M2 Differentiate and Analyse the Potential Impacts of Regulations, Legislation and Standards”

“D1 Critical Evaluation of the Legal System and Law, with Evidence of Different Relevant Examples to Support Judgments” For both workers and leaders, rules, regulations and principles are essential. Additional research shows that they aid in dealing with market fluctuations and uncertainties. In addition, they ensure public health and safety, as well as the preservation of the natural environment. Rules, on the other hand, outline the unique characteristics of products and processes that organisations must accommodate. The main difference between the two is in their compliance (Bojica, et al., 2018). Compliance with the principles may be optional, however regulations rarely allow for this. Not adhering to standards may have an impact on the company's market share if they aren't properly implemented by management. It has been argued that imposing an excessive amount of legislation on an organisation may result in a decrease in its effectiveness. These will impose additional restrictions on the companies' ability to exercise full control. Extraneous and ambiguous evaluations of the effects of the legal system, legislation, and law (Shad, et al., 2019) . “LO3 Formation of Different Business Organisations” “P4 M3 D2 Explore how Different Types of Business Organisations, Advantages and Disadvantages” Official directors, auditors, secretaries, and shareholders are the most important people in a company. Many businesses will be formed under the rules of corporation law. Investing in the company's future could be a top priority. Public and private, limited and unrestricted, are only some of the several types of business organisations. There are three types of business entities: sole proprietors, partnerships, and legally recognised corporations. Incorporation and non- incorporation of legal structures are distinguished. (Payne, 2018) .

advantages of this structure is the fact that shareholders have a financial commitment to hold the firm accountable for any liabilities it may incur. Disadvantages include the fact that the process of verifying a firm is more time-consuming and costly. When profits are distributed to shareholders, they are liable to both corporate and individual taxation because of the existence of double taxation. (Payne, 2018). Limited Liability Corporation Organizations, partnerships, and single proprietorships are all represented here. Members of an LLC are the company's owners. People, corporations, alternative LLCs, and international entities can all be represented by members. One-member LLCs are permitted in most states, and are referred to as such. Owners have a financial commitment, which means that the company is responsible for any and all liabilities it faces. It is only at the discrete level that business profits and losses are taxed, and thus allows for a wide range of members to benefit from them. Taxes at the national level are one of the main drawbacks of this option. The nonexempt financial gain accrues to each member, notwithstanding the fact that the profit was not distributed. (Talesh, 2018). “P5 Business Organisations are Managed and Funded” Every manager and every employee must do their utmost in order to achieve the company's growth and objectives. Businesses must operate according to the norms and foundations that are crucial for their success. In order to accomplish the company's goals, both management and employees show their loyalty. In order to run a successful company, money is a need.. Self-funding is a financial strategy that aids in the accomplishment of joint venture activities. These funds are gathered from close friends and family members. Other than that, Equity and loan capital are three types of financial resources. (Gostin, et al., 2019).

Figure 2: Funding’s for Business “Source: https://corporatefinanceinstitute.com/resources/knowledge/finance/sources-of-funding/” Maintaining earnings, debt, and stock capital are the primary sources of financing. In order to increase or distribute dividends to stockholders, corporations employ the profits they have accrued from their business activities. A bank loan or the sale of debt securities are two ways that companies can raise more money. In exchange for the money that equity investors return, corporations can obtain finance in the form of equity.. “LO4 Legal Solutions to Resolve Dispute” “P6 Demonstrate How Party Obtain Legal Support” A wide variety of legal options exist for resolving disputes and conflicts. Smears the health and safety of the workers and makes effective agreements on payment arrangements. Allows for wrongful dismissal and wrongful termination decisions to be made in circumstances of unjust and dismissal. These legal options are only relevant in the event of breach of contract, disputes between administrators, and claims for damages. When it comes to corporate needs and financial holdings, these kinds of solutions are useful. Tribunals, unions, and voter-approved remedies of disputes all play an important role in resolving differences. (Belluco, et al., 2017). “M4 D3 Compare Different Legal Advice and Support for Dispute Resolution at UNIVEG” Legal counsel and dispute resolution are widely used in all aspects of civic life, particularly in the industrial sector. To resolve disputes, there are several alternatives to the traditional court process. Not only the parties, but also the courts are aware of how taxing the

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