Legal (STEEPLE) Flashcards by Phoebe Perry

Purpose of contract law

Ensures agreements between parties are legally binding

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Key features of contract law

Offer
Acceptance
Intention to create legal relations
Enforceable by courts

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Contract law and its impacts on businesses

Encourages clear agreements
Protects businesses in disputes

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Sanctions for non-compliance for contract law

Legal disputes
Damages awarded
Potential court enforcement

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Competition act year

1998

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Purpose of competition act

Prevents anti competitive behaviour and promotes fair market

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Key features of competition act

Bans price fixing
abuse of market power
Enforced by the CMA (Competition & Markets Authority)

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Impact on businesses from competition act

Promotes fairness
Heavy fines and legal action if breached

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Sanctions for non compliance of competitions act

Fines of up to 10% of global turnover
Disqualification of directors (CMA)

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Weights and measures act year

1985

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Purpose of weights and measures act

Ensures accuracy in the sale of goods by weight or size

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Key features of the weights and measures act

Goods must be sold in the correct quantities
Trading Standards can inspect and enforce

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Impact on businesses from weights and measures act

Builds trust with customers
Legal penalties for misleading labels

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Sanctions for non compliance for the weight and measures act

Fines
Seizure of products
Prosecution by Trading Standards

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Data Protection act year

2018

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Purpose of data protection act

Regulates how personal data is collected, stored and used

Key features of the data protection act

Based on 7 key principles
Individuals have rights over their data
Must report any breaches

Impact on businesses from the data protection act

Legal obligation to protect data
Huge fines for non compliance

Sanctions for non compliance for the data protection act

Fines up to £17.5 million or 4% of annual global turnover

Health and safety at work act year

1974

Purpose of the Health and safety at work act

Ensures safe working conditions for employees and the public

Key features of health and safety at work act

Risk assessments, safety training and protective measures required
Enforced by HSE

Impact on businesses from health and safety at work act

Reduces accidents
Legal liability and reputational risk if breached

Sanctions for non compliance for the health and safety at work act

Fines
Imprisonment (in extreme case)
Closure of business operations

Smoking in the workplace year

2006 (enforced 2007)

Purpose of smoking in the workplace act

Bans smoking in enclosed workplaces and public areas

Key features of smoking in the workplace act

No smoking signs required Applies to all enclosed workplaces and work vehicles

Impact on businesses from smoking in the workplace act

Must enforce a no smoking policy Fines for failing to comply

Sanctions for non compliance for smoking in the workplace act

Fixed penalty notices Court fines Loss of business reputation

Legal protection against copying for authors, artists and composers. It’s an automatic right. Example : a novel, a film Automatic

Trademark

A company could register a trade mark for its business name, slogan, logo and other items that essentially Brad the product or company. Examples : Nike “swoosh” logo Must be registered by the company

Intellectual property

Intangible property that is the result of creativity E.g bagless vacuum , song melody

Main aspects of Consumer Rights Act 2015

Matches description Fit for purpose Good quality

Impacts of not complying to the Consumer Rights Act 2015

Fines/paying compensation Lack of brand loyalty due to unhappy customers Customers taking the company to court Imprisonment in extreme cases

What a business can do to avoid breaking the Consumer Rights Act 2015

Make sure staff are appropriately trained Producing testing Make sure company policy is in line with the act Ensure product description is accurate

National minimum wage

The minimum pay per hour workers of school leaving age are entitled to by law and is reviewed yearly by the government. The rate for each age group in the uk is different