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)
A Louisiana Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract between a property owner (domain site owner) and a licensed real estate broker in the state of Louisiana. This agreement enables the broker to act as an exclusive representative for the sale of the internet domain site. Keywords: Louisiana, listing agreement, broker, sell, internet domain site, exclusive listing In Louisiana, there may be different types of Listing Agreements with a Broker to Sell Internet Domain Site — Exclusive Listing, such as: 1. Exclusive Right to Sell Listing: This is the most common type of listing agreement, where the broker has exclusive rights to market and sell the internet domain site. The broker is entitled to a commission regardless of who procures the buyer. 2. Exclusive Agency Listing: In this type of agreement, the broker is the exclusive agent for the domain site owner, but the owner retains the right to sell the site themselves without paying a commission to the broker. However, if the broker brings a buyer, they are entitled to a commission. 3. Net Listing: A net listing is less common and considered potentially risky in Louisiana. In this type of agreement, the owner sets a desired net amount from the sale, and the broker's commission is any amount above that net figure. However, net listings are not favored because they can lead to conflicts of interest or unethical practices. Regardless of the type of Listing Agreement, it typically includes the following key elements: a. Identification of the parties: The agreement should clearly state the names and contact information of the domain site owner (referred to as the principal) and the licensed real estate broker. b. Exclusive representation: The agreement should explicitly state that the broker has the exclusive right to market and sell the internet domain site on behalf of the owner during the listing period. c. Listing period: The agreement should specify the duration of the listing period, during which the broker has the exclusive right to sell the domain site. This period can vary depending on the negotiated terms. d. Commission structure: The agreement should outline the commission structure, specifying the percentage or flat fee the broker will receive upon a successful sale. It should also include any conditions or circumstances that may affect the commission payment. e. Listing price: The agreement should state the listing price at which the domain site will be offered to potential buyers. This price may be subject to negotiation between the broker and the owner. f. Marketing and advertising: The agreement should detail the marketing and advertising strategies that the broker will employ to promote the domain site to potential buyers. It may include online listings, targeted outreach, and any specific platforms or channels the broker intends to utilize. g. Termination provisions: The agreement should specify the conditions under which either party can terminate the listing agreement before the agreed-upon listing period expires. It may include provisions for early termination fees or other penalties. h. Disclosures and representations: The agreement should require the domain site owner to disclose any relevant information about the site, such as its history, traffic statistics, revenue potential, and any potential legal issues or disputes. i. Governing law: The agreement should state that it is governed by the laws of the state of Louisiana, ensuring that any legal matters or disputes arising from the agreement will be handled according to the state's regulations. It's important for all parties involved to carefully review and understand the terms and conditions of the Louisiana Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing before signing to ensure a smooth and successful transaction.A Louisiana Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract between a property owner (domain site owner) and a licensed real estate broker in the state of Louisiana. This agreement enables the broker to act as an exclusive representative for the sale of the internet domain site. Keywords: Louisiana, listing agreement, broker, sell, internet domain site, exclusive listing In Louisiana, there may be different types of Listing Agreements with a Broker to Sell Internet Domain Site — Exclusive Listing, such as: 1. Exclusive Right to Sell Listing: This is the most common type of listing agreement, where the broker has exclusive rights to market and sell the internet domain site. The broker is entitled to a commission regardless of who procures the buyer. 2. Exclusive Agency Listing: In this type of agreement, the broker is the exclusive agent for the domain site owner, but the owner retains the right to sell the site themselves without paying a commission to the broker. However, if the broker brings a buyer, they are entitled to a commission. 3. Net Listing: A net listing is less common and considered potentially risky in Louisiana. In this type of agreement, the owner sets a desired net amount from the sale, and the broker's commission is any amount above that net figure. However, net listings are not favored because they can lead to conflicts of interest or unethical practices. Regardless of the type of Listing Agreement, it typically includes the following key elements: a. Identification of the parties: The agreement should clearly state the names and contact information of the domain site owner (referred to as the principal) and the licensed real estate broker. b. Exclusive representation: The agreement should explicitly state that the broker has the exclusive right to market and sell the internet domain site on behalf of the owner during the listing period. c. Listing period: The agreement should specify the duration of the listing period, during which the broker has the exclusive right to sell the domain site. This period can vary depending on the negotiated terms. d. Commission structure: The agreement should outline the commission structure, specifying the percentage or flat fee the broker will receive upon a successful sale. It should also include any conditions or circumstances that may affect the commission payment. e. Listing price: The agreement should state the listing price at which the domain site will be offered to potential buyers. This price may be subject to negotiation between the broker and the owner. f. Marketing and advertising: The agreement should detail the marketing and advertising strategies that the broker will employ to promote the domain site to potential buyers. It may include online listings, targeted outreach, and any specific platforms or channels the broker intends to utilize. g. Termination provisions: The agreement should specify the conditions under which either party can terminate the listing agreement before the agreed-upon listing period expires. It may include provisions for early termination fees or other penalties. h. Disclosures and representations: The agreement should require the domain site owner to disclose any relevant information about the site, such as its history, traffic statistics, revenue potential, and any potential legal issues or disputes. i. Governing law: The agreement should state that it is governed by the laws of the state of Louisiana, ensuring that any legal matters or disputes arising from the agreement will be handled according to the state's regulations. It's important for all parties involved to carefully review and understand the terms and conditions of the Louisiana Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing before signing to ensure a smooth and successful transaction.
