Laws Applicable to Construction The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware as applied to contracts executed in and performed wholly within the State of Delaware, without reference to principles of conflict of laws.
and 5 above, and this is not explained elsewhere in the Contract Documents, insert here provisions for such reduction or limitation.)
and 2 3.2 of the Agreement shall be deleted in their entirety and replaced by the following:
and 4 3.2 of the Agreement shall be deleted in their entirety and replaced by the following:
Where the Academy Trust acquires assets for a nil consideration or at an under value it shall be treated for the purpose of this Agreement as having incurred expenditure equal to the market value of those assets at the time that they were acquired. This provision shall not apply to assets transferred to the Academy Trust at nil or nominal consideration and which were previously used for the purposes of an Academy and/or were transferred from an LA, the value of which assets shall be disregarded.