Legal aspects are an essential part of a fertile business atmosphere in any country. They reflect the policy agenda and the mindset of the Legislative structure of that country. They ensure that every company is operating as per the constitutional background of the country. Every organisation must take into account this legal set up while framing the basic aims and objects of its company. This is because; it is essential for efficient and healthy running of the organisation and helps it to know about the privileges, accountabilities as well as the experiments that it may have to face.
Important aspect of legislatures are industrial relations, which contains various aspects of interfaces between the employer and the employees; among the employees as well as between the employers. In such dealings whenever there is a clash of interest, it may result in frustration for either of the parties complicated and hence lead to industrial disputes or clashes.
There are several legislations which regulate the conditions of occupation, work atmosphere and other welfare necessities of assured specific productions.