Operating across the globe, expanding into a new territory or
growing in existing countries might require your business to react
to a changing legal and economic landscape. In this article
we're focusing on the changes many businesses will have to
navigate as a result of Brexit and specifically, two business as
usual issues – impacts on customer and supplier contracts,
and data protection.
Customer and Supplier Contracts
One of the first steps to think about as Brexit takes effect is
"how will my business be affected?". Regardless of
whether your supply chain or customers are confined within the UK
or extend to, or outside of the EU, each of your contracts will
most likely contain clauses which rely upon EU influenced
legislation in areas such as tax, staffing or data. You may also
have clauses which apply to specific territories, with the
"EU" used to define the extent of an obligation or
restriction. These clauses need to be identified and analysed to
determine