Andy Nolan: Businesses should be prepared for a Brexit vote
On 23 June the UK will decide whether to remain in the EU and, regardless of the state of the polls, businesses should be taking steps to look at the possible impact of Brexit on their commercial contracts.
Contracts which have an EU territorial scope would potentially no longer include a post-Brexit UK, unless the contract is structured to accommodate changes in EU membership during its term. This issue could arise, for example, in agency agreements whereby an agent is entitled to represent a principal in a specified territory, in this case the EU.
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