3.—(1) Subject to any provision which is otherwise made by this Order, all land and rights or liabilities in relation to such land held acquired or incurred by the AFRC, including the interest of the AFRC in the Polaris House Site, shall be transferred to the BBSRC.
(2) Where by virtue of this Order any hereditament comprising land is transferred from the AFRC to the BBSRC any property in or on the land including any movable property shall be transferred to the BBSRC.
(3) Subject to any provision of this Order, all rights and liabilities arising in relation to any contract for goods or services to be provided by or to the AFRC shall be transferred to the BBSRC.
(4) Subject to the provisions of this Article and of Article 4, all rights and liabilities arising in relation to any activities of the AFRC as a Research Council including any liability for a guarantee, indemnity or financial assistance by way of grant or otherwise shall be transferred to the BBSRC.
(5) Paragraph (4) applies to a liability imposed by or under any statutory provision as it applies to a liability which is undertaken voluntarily.