# The Sale of Registration Marks Regulations 1989, Paragraph 4: Acquisition of a relevant right


(1) An agreement for the acquisition of a relevant right may be made by means of –
(a) public auction;
(b) tender; or
(c) private treaty.
(2) An agreement –
(a) may contain terms affecting the rights and liabilities of the Secretary of State and the purchaser, including in particular rights and liabilities arising in the event of non-payment of the sum payable under the agreement; and
(b) may be made by reference to standard terms.
(3) The Secretary of State may determine as he thinks fit –
(a) the prices at which particular relevant rights are to be sold or (as the case may be) the reserve prices applicable to the sale of any such rights; or
(b) the manner in which any such prices are to be determined.
(4) Upon payment of the sum payable under the agreement, the Secretary of State shall issue to the purchaser a certificate which –
(a) identifies the registration mark which is the subject of the agreement;
(b) records the name and address of the purchaser and, where applicable, of the nominated person;
(c) records the date of the agreement; and
(d) identifies the date on which the period of one year mentioned in paragraph 6(2)(a) expires.

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Source: https://www.legislation.gov.uk/uksi/1989/1938/schedule/paragraph/4 (the official version)
Page: https://openlegislation.uk/sale-of-registration-marks-regulations-1989/schedule/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.