Brexit: an opportunity or a disaster? Currently on 21 October 2019, the UK will leave the EU.
Leaving the EU will affect some of your existing contracts. It may affect future contracts you plan to sign. In preparation, you should be thinking about the following points.
Future business contracts
The chances are you are currently considering entering into a contract in respect of your business which will still be in existence after Brexit.
You need to identify those future contracts which are important for your business and consider:
In respect of all key future contracts, you should consider provisions addressing:
Where the key future business contracts concern contracting with parties outside England and Wales, consideration should be given to:
Industry specific future contracts should be reviewed by reference to particular EU compliance requirements. For example:
To discuss these issues and for concise legal advice, please contact Stephen Sidkin.
Other notes in this series are:
You can download a PDF version of this article here.
You can register online or follow us on Twitter or LinkedIn to receive our latest news, events and publications.