What does IP completion day mean for supply of goods?
What does IP completion day mean for supply of goods?

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

  • What does IP completion day mean for supply of goods?
  • How does Brexit impact supply of goods?
  • Contracts for the supply of goods
  • Cross-border trade in goods
  • No tariffs or quotas on goods
  • Technical barriers to trade
  • Taxation of goods
  • Export control regimes
  • Routes to market
  • E-commerce
  • More...

How does Brexit impact supply of goods?

Brexit affects the supply of goods to the extent that any such supply is cross-border between the UK and the EU, as there are new arrangements for trade between the UK and the EU from 1 January 2021. Consideration should be given to contracts for the supply of goods particularly to the extent that such contracts concern intellectual property, data protection and competition law implications.

There will also be considerations dependent upon sector and routes to market.

Changes to product safety and conformity will be essential for manufacturers. Divergence in the field of product liability is also anticipated over time.

Contracts for the supply of goods

The law governing contracts for the supply of goods in business to business transactions is UK derived, as such a contract for the domestic supply of goods(ie goods traded between two UK based entities) is largely unaffected by Brexit.

From IP completion day, the UK becomes a third party country and is no longer part of the European single market. Any supply of goods between the UK and the EU, from that date is subject to the terms of the trade and co-operation agreement (TCA) agreed between the EU and the UK and the local laws applicable in the relevant party’s EU Member State. To the extent that any contracts for the supply or procurement of goods

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