Where this Act ceases to have the force of law —
(a) the rights of a person acting on or accruing under the authority granted by the Agreement prior to cessation subsists;
(b) a transaction or agreement which is expressly or by implication intended to come into force or continue in force, or be consummated on or after the date on which this Act ceases to have the force of law, is not affected by this Act ceasing to have the force of law.