SCHEDULES

SCHEDULE 21Transfer schemes by SRA

Interpretation

16

In this Schedule—

“franchise company” means any body corporate which is, or is to be, the franchisee or the franchise operator under a franchise agreement,

“transfer scheme” means a scheme under paragraph 1 or 2,

“transferor” means the person from whom property, rights or liabilities are transferred by a transfer scheme, and

“transferee” means the person to whom any such property, rights or liabilities are so transferred.