Having clear visibility of the legal terms underpinning each stage of the supply chain is an important part of understanding its risk profile.
If we work with you, we’ll immerse ourselves in your business so that we can give you bespoke advice that will really make a difference. We’ll provide a comprehensive risk assessment of your supply chain and we’ll make sure there is clear visibility of the legal terms underpinning each stage of the chain. This is necessary to identify the legal mechanics available should any disputes arise out of supply chain disruption, and it allows us to identify your risk and exposure in the event of counterparty claims against your business.
In the event that the legal terms you trade with are no longer fit for purpose – something we see with more frequency given the increasing disruption and complexity running through supply chains, we’ll help you to plan ahead before problems arise and look at the options available to you for improving the legal structures you trade with. We do all of this with the aim of insulating your business against dispute situations.
We believe that investing in this preparation now, rather than waiting until supply chain problems occur, will result in significant cost savings in the long term. We can also support commercial and legal teams in assessing risk, and preparing and stress testing contracts to provide visibility of legal risk and the steps needed to protect their organisations. And when disputes do arise, we offer the services of our commercial dispute lawyers who have a great deal of experience of supply chain disputes.
Watch our webinar recording on How to make a resilient supply chain’ here.
Watch our interview between Professor Frank McDonald and WM partner Andrew Northage on Keeping Trade Moving – revisited here.