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(1)Where an education authority have entered into any agreement or unilateral obligation with respect to land or moveable property in contravention of section 43(1) of this Act the commissioner for school assets appointed in respect of the school in question may, with the prior consent of the Secretary of State but before any such agreement is implemented or any right under any such unilateral obligation is exercised, serve a notice on the parties mentioned in subsection (2) below informing them that the agreement or undertaking is at an end.
(2)The parties referred to in subsection (1) above are, in the case of—
(a)an agreement, the parties to that agreement and any third party who is a beneficiary thereunder; and
(b)a unilateral obligation, the education authority and the beneficiary.
(3)A notice under subsection (1) above shall be treated for all purposes as a repudiation by the education authority of the agreement or obligation to which the notice relates.
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