Common use of Brexit Clause in Contracts

Brexit. After taking all reasonable steps to mitigate, the Company shall give the Customer reasonable notice should it suffer during the course of this agreement any adverse impact on this agreement, including increases in costs and expenses, as a result of an Event i) related to the UK leaving the European Union, ii) related to an epidemic or pandemic, or iii) beyond the Company’s reasonable control. An “Event” shall include, but not be limited to: (a) changes in law; (b) government action, public authority action; (c) national emergency; (d) changes in health and safety requirements, (e) changes in environmental requirements; (f) imposition of sanctions or embargo, breaking off of diplomatic relations; (g) increases in tariffs or other duties, taxes or levies imposed on exports or imports, fluctuating exchange rates; (h) changes or new requirements for licenses or consents; (i) delays in export or import of products or services due to controls, processes or restrictions; (j) terrorist attack, war; or, (k) any other change to the business or economic environment in which we operate that may be unforeseen at the date of this agreement. Notwithstanding any other term or condition of this agreement, following reasonable prior written notice to the Customer setting out the change(s) to the agreement and the effective date(s), the Company shall be entitled as a result of an Event, on a fair and reasonable basis, to (i) change any of this agreement’s charges, prices, and/or rates so that the Company is financially no worse off than if the Event had not occurred, and/or (ii) vary any of the goods, products and/or services provided under this agreement. In addition, it is further agreed that the Company shall have no liability for any delays to programme or delivery or any penalties, costs or damages that are associated with any programme or delivery if such delay is caused by an Event.