Business Law and Ethics Paper

Law & Ethics Assignment 1: Written Brief (Individual)
This assignment will test your understanding of the content of the first five weeks (types of law and regulation, contracts and legal business structures) as well as your ability to apply that knowledge to a management context. The aim is to test your awareness of the key legal questions and issues likely to face a business owner rather than detailed knowledge of the law and its precise requirements. It is designed to be authentic assessment, preparing you for the likely real-world situation of a manager preparing to consult a legal professional.
Scenario
You wish to set up and operate a business in sport, events, creative enterprise or any other industry. You have a meeting arranged with your lawyer in two weeks. She is very expensive so you wish to make the most of the meeting. The lawyer has asked you to provide some information in advance so that she can be ready to advise you.
Your task is to prepare a written document (1,000-1,200 words – excluding references) that clearly provides the requested information. You can present the document as a business email. This means it can be in the first person. It should use full sentences and paragraphs and can use headings but should avoid excessive use of bullet points. Her email asks the following:

1. Please provide a brief description of the purpose of your business
Here you are setting the management context for your analysis – provide a proposed name for the business and describe its purpose including the goods or services it will provide.
2. What legal structure do you propose for the business and why?
Choose a legal structure and explain why this suits the nature and purpose of the business.
3. Will you need me to draft any contracts? Please name the parties involved in each contract and their key responsibilities/obligations.
Choose at least THREE important relationships between the business and its stakeholders that should be defined by a contract – when ‘naming the parties’ you can describe the type of relationship (e.g. employee) rather than actual name. Provide a summary of the purpose of the contract – the essence of the agreement.
4. Do you have any other legal concerns, for example, regarding licensing requirements, or potential liability? Why do you think these issues could be important for the operation of your business?
Think of at least TWO legal topics and spend some time explaining why they might be an issue for your business – to get ideas conduct some research around recent news events where businesses in your sector have come across legal problems.
General Assessment Tips
You must ensure that your report is specific to your chosen business rather than to businesses in general.
You can be creative with regards to the business – basing it on a dream/imaginary new business whilst drawing ideas from real/existing organisations.
The task is to apply the knowledge provided in the first five lectures to a business context.
If you wish to excel in this assessment you will need to explain yourself clearly and show that you have conducted research particularly in relation to the last question.
This means you need to reference your sources so that we can clearly see where you found your information. You can use either:
For this assessment you will not lose marks for inaccurate referencing, we are not looking for perfect referencing style but do want to see evidence of quality, authoritative research sources which can be government websites, reports, news articles as well as academic sources.
Listed below are some helpful websites – we encourage you to also browse recent news articles relevant to your chosen business area to help identify practical legal challenges facing the industry.
Resources
https://www.business.gov.au/planning/new-businesses/legal-essentials-for-business
https://ablis.business.gov.au/
http://www.fairtrading.nsw.gov.au/
http://asic.gov.au/
https://www.safework.nsw.gov.au/legal-obligations
https://www.ipaustralia.gov.au/