more info I found on the
vb forums, and changed the name!
Not so. It's a popular "try-on" but illegal in the UK.
Unfair Contract Terms Act 1999 prohibits the "exclusion of consumers right to assign" (or sell on). See OFT guidance notes section 18 Group D.
"Terms which seek to restrict that right are subject to scrutiny by the office of fair trading."
Even airline tickets are transferable - you may have to pay a fee to change the name though.
This is especially the case for items of lasting value eg indefinite licenses for software.
What if PP cost £1 million, you are saying that you have no right to sell your assets? Of course you do, whether is $100 or any amount.
The OFT lists many examples of "non-transferable" contracts which were ruled invalid. This includes guarentees as well.
As explained above, in the UK, any contract term restricting re-sale is "unfair" and therefore invalid.
IMHO you can sell your PP license if you are a UK resident (and for any reason, at any time).