Brexit - Contracts, NDAs & GDPR - key facts
What impact will Brexit have on contracts, NDAs and GDPR?
Contracts form the glue which binds commerce. It is no surprise, therefore, that many businesses contact us seeking clarification around how Brexit will affect their existing and future agreements.
With data protection
and cybersecurity dominating risk management agendas, post-Brexit GDPR is also high on the list of client queries.
It is vital that you review your current agreements as some clauses may require revision post-Brexit, especially if the UK leaves without a deal. Contractual obligations may be subject to change after Britain leaves the EU. It is therefore prudent to future-proof existing contracts and to seek business legal advice
before discussing Brexit-related issues with contractual parties.
When it comes to data protection, although British businesses will still be bound by the GDPR, it is worth understanding the implications of the UK’s status of a ‘third country’.
If you are concerned about how Brexit will affect your business, talk to one of our friendly lawyers.
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