Legal

• Legal factors


  Are laws that affect how businesses are run
• Business Framework


  Show how a business is structured and how it should be run
• Companies Act


  Adjusting the laws to simplify the way in which companies operate and communicate with their stakeholders
• Partnership Act 1890


  Provides a definition of what a partnership is and its relationship with external parties
• Consumer Protection


  Ensures the rights of consumers are upheld
• The sale and Supply of Goods Act and the supply of Goods and Services Act (2015)

  A consumer has a legal right to reject goods that are faulty (not of satisfactory quality, unfit for purpose or not as described) and obtain a full refund
• Consumer Protection Act

  • Businesses should not manufacture and supply unsafe goods
  • The manufacturer or seller of a defective product is responsible
  • Local councils have the right to seize unsafe goods
• Employee Protection


  laws aimed at protecting people at work
• Equality Act

  Legally protects people from discrimination in the workplace and wider society
• Health and Safety at Work Act

  Ensures that the workplace is safe and healthy for employees, customers, visitors and the general public
• Data protection Act


  Ensures that personal data is used fairly and lawfully and protects individual's data and provides them with rights
• Copyright, Designs and Patent Act

  • Protects the property of individuals and requires that permission of the owner is needed before any usage
• Planning Permission:


  Businesses need to apply to their local council before making alterations to their premises
• International Trade Barriers


  Are government-induced restrictions on international trade
• Minimum wage


  an employer must pay a minimum amount on average for the hours you work.
• Minimum Wage: Advantages

  • Prevents employers from exploiting unkilled workers who could not easily find other work
  • Encourages more people to seek work
  • Low paid workers will earn more and spend more
• Minimum Wage: Disadvantages

  • Increases cots for businesses which can lead to higher prices for customers
  • Employment may rise as more employers might not be able to afford to pay higher wages
  • Employees on just higher than minimum wage might want a payrise
• Working Time Directive

  You cannot work more than 48 hours a week on average - normally averaged over 17 weeks
• supply of goods and services act

   requires that service providers carry out work, with reasonable care and skill, in a reasonable time
• Sale and supply of goods act

  goods delivered or sold must be of satisfactory quality and fit for purpose.
• Companies Act

  Encourage the efficient and responsible management of companies. Provide for the efficient rescue and recovery of financially distressed companies in a manner that balances the rights and interests of all relevant stakeholders. Provide a predictable and effective environment for the efficient regulation of companies.