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Business Laws and Ethics

Introduction

Every profession has different values, norms, and ethics to follow by professionals. In the business sector, there are also particular laws, ethics, and rules. From the emergence of laws and ethics, many times have reformed laws to negotiate with the demands of situations and demands of professionals. Business laws and ethics are not very different from the mainstream laws in a specific region. All countries do have not the same laws though. The second part of the assignment includes the essential ingredients of the law that can apply in the context of a business or in an organization.

The Employment Law in the United Kingdom

In The UK, the most significant laws and ethics are followed by people. The employment law of the United Kingdom is a play significant role in the field of business and the professional sector. The laws emerge from the Roman and medieval periods. The employment laws include working time, the number of wages, and the internal behavior of the employer to the employees.

In the UK, laws are examined by lawyers and by the justices to apply in the professional sector. After the world second war, the employment laws in the UK were established very significantly to provide basic rights to the employees. In the UK, there are also different sections to describe female workers’ rights. To eliminate discrimination the significance of laws is very much. In the 1975s, in the UK there was a law that prohibited discrimination among all genders to provide equal gender-based rights.

Religion-Based violence Should be Prohibited: 2003 Laws

In 2003, there was another significant law that describes religion and religion-based concerns such as all types of religion-based violence should be prohibited. In 1972 there was a pivotal law was introduced to reduce discrimination among people in terms of the number of wages in the working sector and working time. Since 1979 a very important law is now practiced in the working sector to give actual and proper rights to the workers and employees in every sector of working condition such as from machinery factory to school and official sectors.

From the 1980s other vital laws are practiced in the employment sector to give workers rights. Since 1970 many acts and laws are developed by the govt. of The UK to ensure a favorable environment for the workers. A parliament member named Margaret Beckett drafted the first act since the 1970s was the equal pay Act 1970. The main ingredients of the act were preventing the discrimination between males and females to pay their actual payments. In that act, another feature was to maintain a safe environment for the workers.

The National Minimum Age Act 1998

The law focuses on ensuring equal wages to the workers in every term such as specific skills, equal efforts by the workers. According to The National Minimum age Act 1998 by the govt. of the UK, emphasize on to fix a particular wage or payment rate by the employer as the workers can choose the work if a workers want to do the job or unwanted to do the job. In this circumstance, the features of the law are to maintain wage rate and the law helps workers to decide to do a job. The law has also some different provisions to ensure the wage. The law also emphasizes specific sectors such as agriculture and other job sector.

Case Study

Every contract has some specific components. A contract is a mutual or reciprocal commercial or professional agreement between two parties. A contract can made with more than two parties, and nowadays it can see in many sectors.

Accuracy of Working Condition

In a mutual contract, there is another component to examine how the contract will execute. In a contract, it is also another most important factor to consider if the contract is formal or well written. It is necessary to know if the contract violates any rules or regulations of the current laws of the country.

In a contract there are also some specific factors those are the number of payments of the contract. And every effective contract must include a specific amount of payments. There is a very important type of contract that is the organization or firm based fix price agreement. It also indicates that workers or contract receivers will get the amount of payment.

Working Period

In a contract, the mention of the time or working period is also a very important factor. There are some risk factors of a contract those also important components of an agreement. The contract is very important in the business and in the commercial sector to identify the effectiveness of the contract. To run a contract it is also important to know how the legal can support will be provided if needed.

Time Maintenance

Time maintenance is a basic component of a legal contract that makes it fruitful and effective to run. A contract signs for a particular task and after the end of the task. And unethical contracts have no legal support by the authority or the administration department.

Without written documentation, a contract cannot run properly in any sector such as the commercial or professional sector. The legal purpose of a contract is also consider as the component of a contract. If the contract does not describe as the legal procedure then the contract has no basis for legal agreements.

Conclusion

It is possible to say that by applying laws, the rights of the workers can reserve in every sector. In The UK the mentioned laws play a vital role to reserve employees’ basic rights. There are mainly two types of contract that can perform in the business or professional environment. But the written contract is more effective than a verbal contract.

Prepared By: ATM Qutayba, Student, University of Dhaka

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