A Private Sale Transfer is a transfer of ownership of Seat Licenses arising from a sale arranged privately or through a third-party service or advertisement. If a Current Owner has sold their Seat Licenses to someone they may not know, transferring ownership through a Private Sale Transfer guarantees both parties a safe and secure transaction and eliminates all risk to either party. In a Private Sale Transfer, the Team Seat License Marketplace will hold the New Owner’s (Buyer’s) money in escrow until the transfer is approved by the ticket office. Once the transfer is approved by the ticket office, the Current Owner (Seller) will receive the funds. The fee for a Private Sale Transfer is 5% of the cash sale price and is paid by the New Owner (Buyer).