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)
Connecticut 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 broker in Connecticut. This agreement allows the broker to exclusively represent the owner and market the internet domain site for sale. Below are some types of Connecticut listing agreements in regard to selling internet domain sites on an exclusive basis: 1. Exclusive Right to Sell Agreement: This is the most common type of Connecticut listing agreement for selling internet domain sites. It grants the broker exclusive rights to market and sell the domain site for a specified period. The domain site owner cannot engage another broker during the agreement term, and the broker is entitled to a commission if a sale occurs within the specified timeframe. 2. Exclusive Agency Agreement: Under this type of agreement, the broker is given exclusive rights to market and sell the internet domain site, but the owner reserves the right to sell the site on their own. If the owner sells the domain site without the broker's assistance, no commission is due. However, if the broker brings a buyer during the agreement period, they are entitled to a commission. 3. One-Time Show Agreement: A one-time show agreement allows the broker to showcase the internet domain site to a specific buyer or a group of prospective buyers for a single showing. If the buyer purchases the domain site within a specified timeframe after the showing, the broker is entitled to a commission. However, if the sale occurs after the agreed timeframe or if another broker brings the buyer, the commission may not be due. 4. Net Listing Agreement: A net listing agreement sets a specific selling price for the internet domain site, and any amount over that price becomes the broker's commission. This type of agreement is less common and may not be favored due to potential conflicts of interest. It is important for both the domain site owner and the broker to carefully review and understand the terms and conditions of the agreement before signing. Seeking legal advice is recommended to ensure compliance with Connecticut real estate laws and regulations.Connecticut 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 broker in Connecticut. This agreement allows the broker to exclusively represent the owner and market the internet domain site for sale. Below are some types of Connecticut listing agreements in regard to selling internet domain sites on an exclusive basis: 1. Exclusive Right to Sell Agreement: This is the most common type of Connecticut listing agreement for selling internet domain sites. It grants the broker exclusive rights to market and sell the domain site for a specified period. The domain site owner cannot engage another broker during the agreement term, and the broker is entitled to a commission if a sale occurs within the specified timeframe. 2. Exclusive Agency Agreement: Under this type of agreement, the broker is given exclusive rights to market and sell the internet domain site, but the owner reserves the right to sell the site on their own. If the owner sells the domain site without the broker's assistance, no commission is due. However, if the broker brings a buyer during the agreement period, they are entitled to a commission. 3. One-Time Show Agreement: A one-time show agreement allows the broker to showcase the internet domain site to a specific buyer or a group of prospective buyers for a single showing. If the buyer purchases the domain site within a specified timeframe after the showing, the broker is entitled to a commission. However, if the sale occurs after the agreed timeframe or if another broker brings the buyer, the commission may not be due. 4. Net Listing Agreement: A net listing agreement sets a specific selling price for the internet domain site, and any amount over that price becomes the broker's commission. This type of agreement is less common and may not be favored due to potential conflicts of interest. It is important for both the domain site owner and the broker to carefully review and understand the terms and conditions of the agreement before signing. Seeking legal advice is recommended to ensure compliance with Connecticut real estate laws and regulations.
