Article 4 Contractual rights and liabilities

Any rights or liabilities of the Residuary Body in relation to a contract for the provision of services for, or the delivery of goods to, the Residuary Body (including any rights and liabilities in relation to such contracts vested in the Residuary Body by virtue of article 22(2)(a) of the Local Government Reorganisation (Wales) (Property etc.) Order 1996^f1) where the contract relates exclusively to the land or property vested, by virtue of article 3, in the Council, shall vest in the Council.

In the preceding paragraph, “contract” includes any enforceable undertaking but does not include a contract of insurance or a contract for banking services.