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Brexit proofing contracts during transition period

Initial transition talks have started but there is little clarity about the future validity of contracts during the pre-Brexit period. Richard Smith and Stuart Pickford, partners at law firm Mayer Brown, consider how to Brexit proof contracts to avoid commercial disputes and identify potential pitfalls

Although progress has been made regarding transition arrangements for when the UK leaves the EU, there remains considerable uncertainty regarding the future UK/EU trade relationship. 

This leaves anyone involved in drafting commercial contracts needing to think carefully about the practical impact of Brexit on future performance of those contracts, together with technical drafting issues that will affect how they will be interpreted and enforced.

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