Time is Running Out – Act Now

The UK leaves the EU customs union and single market on 31 December. This will have profound implications for British businesses and their trading arrangements. Trade negotiations are continuing, but there is no guarantee that a deal will be reached before the end of the year. Even if the UK can secure the “Canada style” deal with the EU it is seeking, it is important to recognise that this does not represent the status quo. Deal or no deal, customs controls will apply to trade with the EU from 1 January and frictionless trade will end.

Many businesses will have been planning for this outcome for some time, implementing Brexit related reviews and addressing issues identified by, for example, amending standard contract documents, or addressing issues specifically when negotiating bespoke contracts.

However, if this is not you, then it is still not too late to act.

What issues do I need to consider when reviewing contractual arrangements or negotiating new contracts? Click here to find out