28Contracts

### 28 Contracts > > (1)  In this section – > > > > > ***contract*** means a contract, agreement, arrangement or undertaking, or part of a contract, agreement, arrangement or undertaking, that relates to a Crown asset or liability but does not include a contract of employment. > > > (2)  A contract made or entered into by a port company, but not performed, executed, discharged or otherwise terminated, before the transfer day is taken to be a contract made or entered into by the Crown. > > > (3)  A party to a contract referred to in [subsection (2)](#GS23@Gs2@EN) is not entitled, by reason only of the operation of this Act – > > > > > > (a) to terminate that contract; or > > > > > > > (b) to claim that there has been a breach or default of contract; or > > > > > > > (c) to claim any remedy.