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  • Overview

    Senior Partner, James Partridge from our corporate and commercial team speaks to the Times of Tunbridge Wells and describes the impact that the Leave vote will have on businesses and looks at five key areas including commercial contracts, dispute resolution, employment, commercial property and data protection.

    James says, local businesses should plan ahead and review their commercial relationships during the next two years in order to minimise the impact. For example, any provisions in the contract such as ‘an exclusive right to operate in the EU’ will give rise to uncertainty.

    Contracts may need to be terminated in case force majeure provisions – circumstances beyond the control of the signatories – are triggered when the UK leaves. Such terminations may have to rely on Brexit being classified as ‘material adverse change’.

    Pricing arrangements may also need to be reevaluated. When negotiating contracts, businesses should consider expressly including or excluding the Brexit from any force majeure provision.

    New contracts might also feature termination rights that can be activated when the UK leaves the EU, and provide alternative mechanisms.

    The full article is available to read online, first published by Times of Tunbridge Wells on 29 June 2016: There is a great deal to think about

  • Related Services

    Commercial

    We draw on our extensive legal, commercial and industry expertise when working with you to achieve your strategic objectives.

    Commercial Property & Development

    Dispute Resolution

    Our team of experienced and highly specialist lawyers includes experts in contractual, commercial and international disputes, insolvency, shareholders’, directors and partnership disputes, in disputes arising from construction/engineering projects and we also act for clients seeking to protect or defend intellectual property/IT rights.

    Employment

    We act for businesses of all shapes and sizes and in many different sectors. Our advice covers all aspects of the employment relationship, helping to settle disputes, defending employment tribunal claims and providing immigration compliance audits.

    Commercial contracts

    We can deal with all the stages of a commercial contract – from initial structuring and head of terms to preparing, negotiating and completing the contract documentation. We can also advise you on contractual disputes that may arise during a project and provide assistance with terminating a business relationship.

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