On 29 March 2017, the UK government served formal notice under Article 50 of The Treaty on European Union to terminate the UK's membership of the EU. This starts a two-year notice period which means that the actual UK exit (or 'Brexit') will be in March 2019 (subject to the unlikely possibility of the withdrawal agreement being concluded sooner). In the meantime, the UK and EU will seek to negotiate the terms of exit and their future trading relationship. The government has indicated its aim of a phased process of implementation of such new arrangements (which will also be a matter of negotiation). Some of the immediate challenges for businesses will arise from the impact of Brexit on the free movement of goods, services and workers and a number of areas covered by the single market, including the protection of IP rights. Forward planning is, therefore, key.
Our Brexit resources include over 30 practice group and sector briefings, practical tools for businesses and various videos. These can be accessed via the links below. We have a team of contacts who can discuss the subject directly with you and offer further guidance. If this would be helpful, please do get in touch with one of our team.