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2(1)A subsisting agreement has effect after the new code comes into force as an agreement under Part 2 of the new code between the same parties, subject to the modifications made by this Schedule.U.K.
(2)A person who is bound by a right by virtue of paragraph 2(4) of the existing code in consequence of a subsisting agreement is, after the new code comes into force, treated as bound pursuant to Part 2 of the new code.
Commencement Information
I1Sch. 2 para. 2 in force at 28.12.2017 by S.I. 2017/1286, reg. 2(c)