The withdrawal agreement is a legally binding agreement negotiated between the European Union (EU) and the United Kingdom (UK) in 2018. The primary objective of the agreement is to ensure an orderly Brexit, as well as safeguarding the rights of EU citizens in the UK and UK citizens residing in the EU.

Nevertheless, the UK Parliament has rejected the withdrawal agreement three times. Therefore, there is a possibility that the UK may leave the EU without a deal. But what happens to the withdrawal agreement if there is no deal?

Firstly, it is worth mentioning that the terms of the withdrawal agreement are intrinsically linked to the UK`s departure from the EU. Hence, if there is no deal, the agreement won`t come into effect. This implies that the UK won`t have a transition period, and the country will leave the EU on the departure date without any agreement in place.

One of the significant advantages of the withdrawal agreement is that it provides certainty to citizens and businesses. Without it, there will be a lot of instability and uncertainty, particularly in trade between the UK and the EU. There could be tariffs on goods, and the free flow of people and goods across borders could be impacted.

Another critical point to consider is that the absence of a withdrawal agreement implies that there will be no framework for negotiations between the UK and EU. This could have profound implications for future relationships, such as trade agreements, future cooperation on security, and other essential areas.

In conclusion, the withdrawal agreement is the culmination of years of negotiations between the EU and the UK. It is designed to ensure a smooth departure of the UK from the EU and provide certainty to businesses and citizens. If there is no deal, however, the withdrawal agreement won`t come into effect. This could lead to a lot of uncertainty and instability, particularly in trade between the UK and the EU. Hence, it is in the best interest of all parties to reach a deal that secures a smooth Brexit.