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Article 12 Covenants with two or more persons

(1)

Subject to any other statutory provision, where under a covenant (whether express or implied) more persons than one are—

(a)

covenantors, the covenant binds the covenantors and any two or more of them jointly and each of them severally;

(b)

covenantees, the covenant shall be construed as being also made with each of them.

(2)

This Article applies only if and as far as a contrary intention is not expressed in the covenant and applies only to covenants entered into after the commencement of this Article.