In the current state of uncertainty in our European and domestic markets it is important for businesses to consider whether their contracts are fit to survive the challenges of a post-Brexit Britain.
A prudent business should look to be aware of the potential impacts of Brexit on their commercial arrangements. While no one fully knows what the post-Brexit legal and commercial landscape will look like, many commercial changes are set to come into force and these will likely be applicable to imports, exports and warranties. The impact of Brexit could turn a profitable agreement into a loss maker and this should be born in mind during any ongoing contractual discussions. [Read more…]