Market Overt Law and Legal Definition

Market overt is an open, legally regulated public market where buyers, with some exceptions, acquire good title to products. In other words, it is an open or public market or a place appointed by law or custom for the sale of goods and chattels at stated times in public.

It is a general rule that sales of vendible articles made in market overt are good not only between the parties, but are also binding on all those who have any property or right therein. There is no law recognizing the effect of a sale in market overt in the United States.