If I’m entering into a future contract, what should I include to protect me from changes that Brexit might bring? Brexit

For longer-term future contracts consider things like where both parties are located as there may be advantages to both parties being located in the UK or EU.

Ensure territorial references are clear and consider whether a pricing formula is needed to vary prices in the event of the introduction of tariffs.

Future contracts may need flexibility built-in, for example, a termination for convenience clause or even a specific Brexit termination clause.

Finally, make sure you clarify which law is to govern the contract and which courts will have jurisdiction in the event of a dispute.

If you have any more questions regarding Brexit, please contact us today.