Clients use Brexit clauses to shift risks onto suppliers

By Joey Gardiner2018-08-24T06:00:00

Some clients are stockpiling products in efforts to prepare for Brexit

Clients are looking to protect themselves from rising costs and material shortages caused by Brexit, in a move that leaves suppliers on the hook for any increase in price or delays.

Guy Lougher, head of the Brexit team at law firm Pinsent Masons, said some clients were inserting Brexit clauses into contracts to transfer the risk of such extra costs and delays onto suppliers.

He said other clients had started stockpiling products in efforts to prepare for Brexit.

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