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Brexit MOT – review your business now

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Brexit MOT – review your business now

Thrings’ Brexit MOT is a legal review service that will identify issues that might arise from the UK’s exit from the EU and will propose ways to resolve them.

We must wait to find out the exact terms of Brexit but every business should take advice on the implications that Brexit has for its business and trading relationships with both suppliers and customers.

Act today and request your Brexit MOT by completing the form or speak to our key contact Kate Westbrook.

How it works

A member of the commercial team at Thrings will agree the scope of the Brexit MOT with you, taking into consideration the nature of your business, your particular sector and the risks and opportunities presented by Brexit. After an initial assessment of the impact that Brexit may have on your business, we will help you review the contractual relationships that you have, including a consideration of your supply chain.

We will help you identify which contracts should be reviewed. These might be:

  • Existing contracts (or contracts in the process of being negotiated) with a contractual term (or potential contractual term) that extends beyond March 2019
  • Existing contracts (or contracts in the process of being negotiated) that could be renewed such that the contractual term extends beyond March 2019
  • Your own standard terms and conditions of trade or other template documents
  • Standard terms of trade of your customers or suppliers on which you regularly trade

All contracts have the potential to be impacted but we recommend that you focus on contracts with high income or cost values or that are key to your business and which have an EU connection. We will then conduct a detailed review of the selected contracts in order to identify issues that might arise following the UK’s exit from the EU, in particular we will look at:

  • Contractual price mechanisms, price review provisions and currency risk issues
  • Impact on delivery, delay events and ‘excusing causes’
  • Commercial effect, tariffs on goods or services, increased cost of EU customs checks
  • Territorial scope and references to ‘EU’
  • Force Majeure
  • Termination rights
  • EU law obligations (including references in the contract)
  • Use of personal data and data protection compliance (if relevant)
  • Licensing of EU trade marks
  • Dispute resolution provisions

Optional Intellectual Property Audit

If relevant to your business, we can review and assess your intellectual property portfolio to establish which EU based rights are used by the business and which may need to be applied for in the UK.

Your report and next steps

Following the review, we will provide you with a report that will:

  • Advise you as to how Brexit may impact on your trading relationships
  • Make recommendations for each contract that is reviewed and propose next steps
  • Provide guidance for contracts which you may enter into in the future
  • Identify areas of law relevant to your business which may change as a result of Brexit

Our pricing

We will offer both an estimated fee and a fixed fee which will be based on the scope we agree with you, your needs and portfolio of contracts.

Request your Brexit MOT by completing the form or speak to our key contact Kate Westbrook

Request Review

Complete this form for a Brexit legal review

Key Contact

Kate Westbrook

Partner