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)
Hawaii Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing A Hawaii Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract between a domain site owner (principal) and a licensed real estate broker (agent) in Hawaii. This agreement grants the broker exclusive rights to market, advertise, and sell the internet domain site on behalf of the owner. Key provisions in this agreement include: 1. Exclusive Listing: The agreement stipulates that the broker has the exclusive right to market and sell the internet domain site during the term of the agreement. This means that the owner cannot engage any other brokers or attempt to sell the site independently without breaching the agreement. 2. Term and Termination: The agreement specifies the duration for which the exclusive listing is valid. Typically, the term ranges from a few months to a year and can be extended by mutual consent. Termination clauses outline the conditions under which either party may terminate the agreement before its expiration. 3. Listing Price and Compensation: The owner and broker agree on the initial listing price for the internet domain site. The agreement also outlines the broker's compensation, usually a commission percentage, which is payable upon the successful sale of the domain site. 4. Marketing and Advertising: The broker commits to implementing a comprehensive marketing strategy to attract potential buyers to the internet domain site. This may include online advertising, email campaigns, social media promotion, reaching out to potential buyers in related industries, and utilizing the broker's network and connections to maximize exposure. 5. Duties and Responsibilities: The agreement specifies the responsibilities of both the broker and the owner during the marketing and sale process. The owner is expected to provide accurate information about the domain site and cooperate with the broker. The broker, on the other hand, agrees to act in the best interest of the owner, maintain confidentiality, and use reasonable efforts to sell the internet domain site. Different Types of Hawaii Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing include: 1. Exclusive Right to Sell: This type of agreement grants the broker an exclusive right to sell the internet domain site. If the site is sold by anyone during the term of the agreement, including the owner, the broker is entitled to the agreed-upon commission. 2. Exclusive Agency: In an exclusive agency agreement, the broker has exclusive rights to sell the internet domain site. However, the owner retains the right to sell the site independently without paying a commission to the broker. 3. Multiple Listing: A multiple listing agreement allows the broker to cooperate with other brokers who may bring potential buyers for the internet domain site. If an outside broker successfully sells the site, both brokers share the commission as agreed upon in the agreement. In conclusion, a Hawaii Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legal contract that provides the broker with exclusive rights to sell the internet domain site on behalf of the owner. It outlines the terms and conditions of the agreement, including the listing price, compensation, responsibilities of both parties, and various types of exclusive listing agreements available.Hawaii Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing A Hawaii Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract between a domain site owner (principal) and a licensed real estate broker (agent) in Hawaii. This agreement grants the broker exclusive rights to market, advertise, and sell the internet domain site on behalf of the owner. Key provisions in this agreement include: 1. Exclusive Listing: The agreement stipulates that the broker has the exclusive right to market and sell the internet domain site during the term of the agreement. This means that the owner cannot engage any other brokers or attempt to sell the site independently without breaching the agreement. 2. Term and Termination: The agreement specifies the duration for which the exclusive listing is valid. Typically, the term ranges from a few months to a year and can be extended by mutual consent. Termination clauses outline the conditions under which either party may terminate the agreement before its expiration. 3. Listing Price and Compensation: The owner and broker agree on the initial listing price for the internet domain site. The agreement also outlines the broker's compensation, usually a commission percentage, which is payable upon the successful sale of the domain site. 4. Marketing and Advertising: The broker commits to implementing a comprehensive marketing strategy to attract potential buyers to the internet domain site. This may include online advertising, email campaigns, social media promotion, reaching out to potential buyers in related industries, and utilizing the broker's network and connections to maximize exposure. 5. Duties and Responsibilities: The agreement specifies the responsibilities of both the broker and the owner during the marketing and sale process. The owner is expected to provide accurate information about the domain site and cooperate with the broker. The broker, on the other hand, agrees to act in the best interest of the owner, maintain confidentiality, and use reasonable efforts to sell the internet domain site. Different Types of Hawaii Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing include: 1. Exclusive Right to Sell: This type of agreement grants the broker an exclusive right to sell the internet domain site. If the site is sold by anyone during the term of the agreement, including the owner, the broker is entitled to the agreed-upon commission. 2. Exclusive Agency: In an exclusive agency agreement, the broker has exclusive rights to sell the internet domain site. However, the owner retains the right to sell the site independently without paying a commission to the broker. 3. Multiple Listing: A multiple listing agreement allows the broker to cooperate with other brokers who may bring potential buyers for the internet domain site. If an outside broker successfully sells the site, both brokers share the commission as agreed upon in the agreement. In conclusion, a Hawaii Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legal contract that provides the broker with exclusive rights to sell the internet domain site on behalf of the owner. It outlines the terms and conditions of the agreement, including the listing price, compensation, responsibilities of both parties, and various types of exclusive listing agreements available.
