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27. Existing contracts

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All deeds, bonds, agreements, instruments and arrangements subsisting immediately before 1st April 1996 to which the National Productivity Board or the Singapore Institute of Standards and Industrial Research is a party shall —

(a)

continue in force on and after that date; and

(b)

be enforceable by or against the Board as if the Board had been named therein or had been a party thereto instead of the National Productivity Board or the Singapore Institute of Standards and Industrial Research, as the case may be.[26

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