Commentary

16.3 Right to sever market rights

MARKETS AND FAIRS vol 26(2)B
| Commentary

16.3 Right to sever market rights

| Commentary

16.3 Right to sever market rights

A franchise market owner may also validly sever the rights of market, for example by conveying the rights to hold a general market whilst reserving the rights to hold a livestock market1. However, a franchise market owner is not entitled to sever the rights of market for a particular locality so as to enable the holding in that locality of two or more markets dealing wholly or in part in the same commodity in different places on the same day2.

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