(A) The Company is a company incorporated in England and Wales, limited by guarantee with charitable objects.
(B) The Existing School is in an area in respect of which the Authority is the local education authority pursuant to Section 12 of the Education Act 1996.
(C) The Authority has entered into the Project Documents with a view, amongst other things, to procuring accommodation and related services at [ ] and the Existing School.
(D) The Authority is proposing to enter into the Academy Contracts with a view to the Company operating an academy from the Site of the Existing School.
(E) The Company and the Authority have agreed the terms and conditions of this Agreement.
(F) [The Company agrees that it is in the interests of the Company that it should enter into this Agreement which amongst other matters commits the Company to pay to the Authority a proportion of its budget and confirms to the Authority that some matters concerning the provision of the Services under the Project Agreement at the Existing School and subsequently the Academy shall be managed by the Authority in liaison with the Company as provided for in this Agreement and the Principal Agreement.]
IT IS AGREED as follows: