Brexit Day and Contract: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Update.)
 
imported>Doug Williamson
(Add link.)
 
Line 1: Line 1:
''UK - European Union - Brexit.''
''Law.''


Brexit Day is the date on which the legal changes for the UK to leave the EU are scheduled to take effect.
A contract is a legally binding agreement between two parties.


Following the triggering of Article 50 of the Lisbon Treaty in March 2017, Brexit Day was orginally established as Friday 29 March 2019.  
Essential elements of an enforceable contract under English law include offer and acceptance, consideration, and legal capacity to contract (together with other legal requirements).




Following a request from the UK and a decision of the EU 27, followed by rejection on 29 March 2019 by the UK parliament of the UK government's negotiated Brexit deal, potential specified Brexit Days now include 12 April and - although less likely - 22 May 2019.
The fundamentals of contract law are similar throughout the countries of Europe, the US and many other jurisdictions.  


No Deal and No Brexit both remain possible, though less likely, outcomes, compared with an alternative deal or a longer delay.
However, each jurisdiction has its own individual contract law and, although these may be similar in many respects, they can also be significantly different in essential elements, for example in relation to the requirement for [[consideration]].  




== See also ==
== See also ==
* [[Article 50]]
* [[Arbitration clause]]
* [[Brexit]]
* [[Assignment]]
* [[EU 27]]
* [[Breach of contract]]
* [[European Union]]
* [[Capacity]]
* [[Great Repeal Act]]
* [[Carve-out]]
* [[Make UK]]
* [[Condition]]
* [[No Brexit]]
* [[Consensus in idem]]
* [[No Deal]]
* [[Consideration]]
* [[Parliamentary supremacy]]
* [[Contra proferentem]]
* [[Sovereignty]]
* [[Contracting]]
* [[United Kingdom]]
* [[Contractor]]
* [[Counter-offer]]
* [[Deal]]
* [[Eiusdem generis]]
* [[Engagement letter]]
* [[Exemption clause]]
* [[Express term]]
* [[Fit for purpose]]
* [[Force majeure]]
* [[Frustration]]
* [[Implied term]]
* [[Indemnity clause]]
* [[Insurance]]
* [[Invitation to treat]]
* [[Lease]]
* [[Liquidated damages]]
* [[Long term contracts]]
* [[Memorandum of understanding]]
* [[Minor]]
* [[Misrepresentation]]
* [[My word is my bond]]
* [[Negligence]]
* [[Open interest]]
* [[Performance risk]]
* [[Privity of contract]]
* [[Repudiation]]
* [[Restrictive covenant]]
* [[Service agreement]]
* [[Sweetheart deal]]
* [[Tort]]
* [[Trade]]
* [[Warranty]]
* [[Zero hours contract]]


 
[[Category:Treasury_operations_infrastructure]]
=== Other links ===
 
[https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7960 Brexit timeline - House of Commons Library]
 
[https://www.treasurers.org/brexit/resources Brexit - ACT Resources]
 
[https://www.treasurers.org/brexit Brexit: ACT Technical Guidance and Comment]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 22:23, 18 December 2020

Law.

A contract is a legally binding agreement between two parties.

Essential elements of an enforceable contract under English law include offer and acceptance, consideration, and legal capacity to contract (together with other legal requirements).


The fundamentals of contract law are similar throughout the countries of Europe, the US and many other jurisdictions.

However, each jurisdiction has its own individual contract law and, although these may be similar in many respects, they can also be significantly different in essential elements, for example in relation to the requirement for consideration.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Brexit_Day&oldid=11301’