You will need to transfer the iLok license to the new owner (PACE/ iLok fees apply, there are no fees imposed by Schwabe Digital). This can be done via the iLok License Manager. Sign in to your iLok ID, select the license you want to transfer and then select the transfer button in the top right.
NOTE: Account information cannot be transferred at this time. The license recipient must register for a trial of the relevant plugin in order to access downloads and updates. The installer for the trial license and full license is the same for each plugin.