What does IP completion day mean for Commercial?
What does IP completion day mean for Commercial?

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

  • What does IP completion day mean for Commercial?
  • Overview—what happened on 31 December 2020
  • Commercial law implications of the EU-UK Trade and Cooperation Agreement
  • No tariffs or quotas on goods
  • Technical barriers to trade
  • Trade in services
  • Digital trade
  • Data protection—adequacy grace period
  • Level playing field—competition
  • Advertising
  • More...

11 pm (GMT) on 31 December 2020 marked the end of the implementation period put in place to enable the UK to transition away from the EU’s laws and institutions. At this point in time (referred to in this document as ‘IP completion day’) there was an immediate and significant change in the UK’s legal regime. This Practice Note explains the implications of this change in relation to the following areas of Commercial law and practice:

  1. Overview—what happened on 31 December 2020

  2. Commercial law implications of the EU-UK Trade and Cooperation Agreement

  3. Advertising

  4. Agency

  5. Confidential information

  6. Consumer protection

  7. Contract clauses

  8. Contract breach and remedies

  9. Contractual joint ventures

  10. Data protection

  11. Distribution

  12. E-commerce

  13. Franchising

  14. Intellectual property

  15. Sale and supply of goods

  16. Standard terms and conditions

  17. Supplier management

  18. Supply of services

For a tracker of key Commercial Brexit legislation and guidance, see Practice Note: Commercial—Brexit tracker.

Overview—what happened on 31 December 2020

On 31 January 2020 (exit day), the UK ceased to be an EU Member State and lost its entitlement to participate in the political institutions and governance structures of the EU. In accordance with the transitional arrangements provided in Part 4 of the Withdrawal Agreement, exit day marked the commencement of an 11-month implementation period during which the UK continued to be treated by the EU as a Member State for many purposes.

The implementation period ran until 11 pm

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