Skills Development Act, 1998 (Act No. 97 of 1998)

Notices

Notice of Abolition of Industry Training Boards established under sections 12A and 12B of the Manpower Training Act, 1981

Guidelines regarding the Abolition of Industry Training Boards established in terms of section 12A and 12B of the Manpower Training Act, 1981

Annexure to the Industry Training Board Abolition Guidelines

5. Covenants

Purchase

The parties to this Deed covenant and agree as follows:

5.1	The ITB covenants that it-

5.1.1

has complied with all obligations contained in any agreement with a Third Party;

5.1.2

Will co-operate with the SETA in procuring that rights similar to those presently held by it under licenses, intellectual property and any other registrations in relation to its Business will be granted in favour of and transferred to the SETA upon signature of this Deed;

5.1.3

has obtained the written consent from Third Parties that rights in terms of an agreement, can be ceded to a SETA;(annexed in Annexure Nine hereto);

5.1.4

shall comply with the representations and warranties given in clause

5.2	Government covenants to SETA’s and Third Parties that it -

5.3.1

will accept transfer of all the Assets, Rights, Liabilities and Obligations reflected and annexed to this Deed, from the ITB;

5.3.2

it will accept transfer, in particular, of all apprenticeship agreements and the administration related thereto;

5.3.3

insofar as any obligation in terms of any provisions of this Deed have not been performed by the ITB as at the Effective Date, the SETA will accept liability to settle an obligation and liability and will request Government’s assistance where necessary;

5.3.4