Section 31 of the London Olympic Games and Paralympic Games Act, passed in 2006, makes it a criminal offence to sell tickets without authorisation from the London Organising Committee (Locog).
Under English law, tickets for Olympic and Paralympic events can only be sold through licensed outlets and the maximum fine for selling tickets on the black market is £20,000.
However, once physical tickets become available holders can sell them for face value to friends and family.
It does not matter if their name does not match the booker's name, which will be on the ticket.
Locog does say, however, that they would need to be able to contact the booker if they are not attending an event themselves, over the telephone for example, in case of any problems with the ticket on the day of the event.
Please can you disclose what the face value of the ticket is so I can sensibly offer you this amount and not a penny more.