8(1)Transfer of property, rights or liabilities under a transfer scheme shall be disregarded for the purposes of a provision of a contract or other instrument which refers to transfer or disposal (whether so as to confer a right to terminate or vary or otherwise).E+W+S+N.I.
(2)Nothing in a transfer scheme shall give rise, in relation to land or an interest or estate in land or other property, to any of the following—
(a)a right of reverter,
(b)a right of pre-emption,
(c)a right of forfeiture,
(d)a right to compensation, or
(e)an option or similar right.
9Nothing in a transfer scheme relating to rights in connection with a contract of employment shall affect the operation of the Transfer of Undertakings (Protection of Employment) Regulations 1981 (S.I. 1981/1794).E+W+S+N.I.