The Covid-19 pandemic has had a unique and dramatic effect both on our way of life and the UK economy. As each day passes new challenges arise for businesses. Some, as we know, have had to close their doors. Others are able to keep going but are now required to operate within a restricted and often difficult environment.
The initial priority for most businesses has been the protection of its employees but as the new “normal” begins to emerge those businesses able to carry on will be making important decisions regarding capacity, marketplace, cash flow, supply chains and distribution mechanisms. In many cases solutions to those problems will be found. However, as the disparity between different commercial organisations becomes clearer it is inevitable that frustrations will set in and, in some cases, disputes will arise.
At Knights plc we have been able to monitor these changes as they emerge day by day. By keeping in regular contact with our clients we have already provided assistance to many businesses in need of practical legal guidance. We will continue to do so. Knowing where you stand enables you to make informed decisions. This guidance note is aimed at highlighting some of the key areas to consider as part of your commercial dealings with others.