# The Construction Contracts (Scotland) Exclusion Order 1998, Article 5: Finance agreements


(1) A construction contract is excluded from the operation of Part II if it is a finance agreement, within the meaning given below.
(2) A contract is a finance agreement if it is any one of the following:–
(a) any contract of insurance;
(b) any contract under which the principal obligations include the formation or dissolution of a company, unincorporated association or partnership;
(c) any contract under which the principal obligations include the creation or transfer of securities or any right or interest in securities;
(d) any contract under which the principal obligations include the lending of money;
(e) any contract under which the principal obligations include an undertaking by a person to be responsible as surety for the debt or default of another person, including a fidelity bond, advance payment bond, retention bond or performance bond.

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Source: https://www.legislation.gov.uk/uksi/1998/686/article/5 (the official version)
Page: https://openlegislation.uk/construction-contracts-scotland-exclusion-order-1998/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.