Some of the terms in existing contracts may no longer be relevant post-Brexit or may raise legal or practical questions in the future.
If your contracts – e.g. terms of business, sale of goods, employment contracts – make reference to the UK being a member state of the EU or rely on EU regulation, then they may need revising.
Contact your legal adviser and conduct a review of all your contracts and terms.
To help SMEs prepare for Brexit, we have produced some useful materials including:
- Preparing for Brexit: A Guide for SMEs (including helpful links to tools and further resources); and
- A 15-point Action Plan.
If you would like a copy of the guide or the 15-point Action Plan, please get in touch.