# The Sale of Registration Marks Regulations 1995, Paragraph 4: Agreements for acquisition


(1) An agreement for the acquisition of a relevant right may be made by—
(a) public auction;
(b) tender; or
(c) private treaty.
(2) An agreement shall provide for the payment to the Secretary of State of the purchase price and the sum specified in paragraph 6(2).
(3) It may be a term of any agreement that the relevant right to be acquired under it shall be exercisable only in respect of a vehicle registered, or the subject of an application for registration, in the G.B. records or only in respect of a vehicle registered, or the subject of an application for registration, in the N.I. records.

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Source: https://www.legislation.gov.uk/uksi/1995/2880/schedule/paragraph/4 (the official version)
Page: https://openlegislation.uk/sale-of-registration-marks-regulations-1995/schedule/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.