The term domain name means any alphanumeric designation which is registered with or assigned by any domain name registrar, domain name registry, or other domain name registration authority as part of an electronic address on the Internet. (15 USCS § 1127)
California Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract between a domain site owner and a licensed real estate broker in the state of California. This agreement grants the broker the exclusive right to act as the domain site owner's representative in marketing and selling their internet domain site. Under this agreement, the broker assumes the responsibility of promoting and advertising the domain site to potential buyers. They leverage their expertise in the domain market to attract qualified buyers and negotiate the best possible sale terms on behalf of the domain site owner. The Exclusive Listing agreement typically includes several key provisions, including: 1. Exclusive Representation: The agreement grants the broker exclusive rights to represent the domain site owner in the sale process. This means that the owner cannot work with any other brokers or sell the domain site independently during the agreement's duration. 2. Listing Term: The agreement specifies the length of time the exclusive representation will be in effect. This gives the broker a defined period to market and sell the domain site, providing the owner with a set timeframe for the sale process. 3. Listing Price: The agreement stipulates the desired listing price for the domain site. The broker may provide guidance based on market analysis and comparable sales to determine the optimal price for attracting potential buyers. 4. Marketing and Advertising: The agreement outlines the broker's obligations to market and advertise the domain site. This may include online listings, social media promotion, email marketing, or other relevant strategies to maximize exposure and attract potential buyers. 5. Commission and Fees: The agreement specifies the commission structure and any additional fees payable to the broker upon a successful sale. The commission is typically a percentage of the final sale price, but it can vary based on the terms negotiated between the broker and the domain site owner. Different variations of California Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing may include variations in the commission structure, listing term, or specific marketing strategies employed by the broker. Some agreements may also include provisions for a minimum sale price or conditions for terminating the agreement. In conclusion, the California Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a comprehensive contract that gives a licensed real estate broker exclusive rights to represent and sell a domain site. It protects the interests of the domain site owner while empowering the broker to effectively market and negotiate the sale.
