Regulation 17 Power to enter into new contracts
(1)
The Secretary of State may enter into a contract (“a new contract”) on behalf of a restricted person in respect of a restricted interest.
(2)
The Secretary of State must ensure that a new contract provides that—
(a)
the period for performance of the contract does not continue after the end of the management period; and
(b)
the contract may be terminated as provided by regulation 30.
(3)
The Secretary of State is not a party to a new contract by virtue of exercising the power in paragraph (1) but the Secretary of State is not precluded from being a party in exercise of any other power.