Brexit—contract risk management [Archived]
Brexit—contract risk management [Archived]

The following Commercial practice note provides comprehensive and up to date legal information covering:

  • Brexit—contract risk management [Archived]
  • Assessing the risk of Brexit to business
  • Brexit team
  • Ongoing trading relationships
  • Communications and staff training
  • Dependency upon EU single market
  • Dependency upon EU citizens
  • Dependency upon EU funding
  • Competition law
  • Contract audit—introduction
  • More...

ARCHIVED: This Practice Note has been archived and is not maintained. It analyses the potential impact of Brexit on contractual rights and obligations for a business and considers the implications of Brexit for contract risk management in advance of IP completion day. For information on the impact of IP completion day on contracts and more generally on commercial law, see Practice Notes: What does IP completion day mean for contract clauses? and What does IP completion day mean for Commercial?

This Practice Note analyses the impact of Brexit on the contractual rights and obligations of businesses and considers the implications of Brexit for contract risk management. It provides detailed guidance on assessing the contractual risk to businesses posed by Brexit and how to carry out a Brexit risk-management contract audit and contract review. See also: Brexit risk management: contract audit—checklist.

For the purpose of this Practice Note, unless expressly indicated otherwise, all references to:

  1. ‘exit day’ are to that term as defined in the European Union (Withdrawal) Act 2018 (EU(W)A 2018), and which occurred at 11 pm on 31 January 2020

  2. ‘implementation period’ are to the period which runs from exit day (being the date the Withdrawal Agreement entered into force) until IP completion day

  3. ‘IP completion day’ are to that term as defined in European Union (Withdrawal Agreement) Act 2020 (EU(WA)A 2020)

Note: similar to

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