(1) This section applies where a company has entered into—
(a) a contract approved under section 694 (authorisation of contract for off-market purchase), or
(b) a contract for a purchase authorised under section 701 (authorisation of market purchase).
(2) The company must keep available for inspection—
(a) a copy of the contract, or
(b) if the contract is not in writing, a written memorandum setting out its terms.
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