Drafting contracts in times of crisis in the automotive supply industry
Supply relationships in the automotive supply industry are under increasing pressure – geopolitical crises, ESG requirements and volatile markets are just some of the causes leading to that pressure. In this environment, missing, unclear or imbalanced contracts significantly increase the legal and economic risks for those involved in the supply chain. Unilateral general terms and conditions, as well as unbalanced responsibilities, often lead to disputes in crisis situations. Clearly structured, legally compliant clauses are therefore essential, not a luxury. This article highlights the contractual areas that pose some of the main risks and explains how companies can protect themselves legally and practically.
In this whitepaper, Jennifer Stauder, Thorsten Deeg and Daniel Wuhrmann highlights which areas of contracts are particularly high-risk – and how companies can position themselves to be legally and practically resilient in times of crisis.
