Main functions of law in the business setting

In a narrower picture, businesses inevitably engage into conflicts just the same due to differences primarily from another particular business. Such is similarly resolved through taking part in Alternative Dispute Resolution proceedings where parties reconcile their incongruity. There are instances however where one busines may be put in a compromising situation that would seem to put it in a more disadvantaged footing than the other, but nevertheless it has no choice but to assent to the decision.

For instance, two co-existing businesses like lumber production and construction where one would be significantly less successful than the other. One of them may present a condition that would be greatly prejudicial to the existence of the small business if it does not agree to what the bigger business desires, for instance, the withdrawal from a supposed continuous transaction. The smaller business might not be able to afford being in such circumstance, thus offering their sevices for an unconscionable consideration for example, maybe the only choice for them.

Since it is an ADR proceedings upon which the agreement of the parties to a certain condition results to the resolution of the conflict, it is possible that one may be deprived of the application of the equal protection clause without it being so apparent and thus unheard. (A. James Barnes, 2006) Checking government power and promoting personal freedom Checking government power and promoting personal freedom goes hand in hand with Constitutional restrictions.

The freedom of speech for instance, will impossibly be untouched as it would constitute several issues with regard to advertising businesses. Setting the standards and limitations of free speech is a highly debatable area as both parties may present sufficiently valid positions on the matter. As aforementioned, an advertising business may face an action for inappropriate advertising method as one party might perceive it and the latter would undeniably invoke its freedom for free speech. Promoting economic growth through free competition

Free competition offers equal business opportunities to those who seek for it. For instance, laws have been passed with regard to equally offering discounts to all businesses whether it be big or small. This situation deprives consumers from having a choice in purchasing cheaper products which would similarly be personally and economically beneficial for them. Protecting the environment The vast number and variety of business industries sets off consequences on a par with such substance in numbers.

For instance, in businesses that exploit raw materials for their production gives out unwanted substances to the environment which are obviously detrimental to its preservation. Things such as an operation of a fleet of delivery vehicles, though necessary for economic expansion, could prove otherwise in terms of environmental concerns. Works Cited A. James Barnes, J. P. (2006). Business Law: The Ethical, Global, And E-commerce Environment. Irwin Professional Pub.