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 Michigan Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract between a domain site owner and a broker in the state of Michigan. This agreement grants the broker the exclusive right to market and sell the specified internet domain site on behalf of the owner for a specified period of time. Under this exclusive listing arrangement, the domain site owner agrees not to engage with any other brokers or market the domain site independently during the listing term. The broker, in return, commits to using their expertise and resources to effectively market and sell the internet domain site for the best possible price and terms. Here are some important keywords related to Michigan Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing: 1. Michigan: This refers to the geographical location of the agreement and represents the legal framework governing the agreement within the state. 2. Listing Agreement: The contract that outlines the terms and conditions of the exclusive listing arrangement between the domain site owner and the broker. 3. Broker: The real estate professional or agency responsible for representing the domain site owner and facilitating the sale of the internet domain site. 4. Internet Domain Site: The unique web address or URL that serves as the digital identity of a website or online business. 5. Exclusive Listing: The type of listing agreement that grants exclusive marketing and selling rights to a single broker, prohibiting the owner from engaging with other brokers or marketing the domain site independently. Some different types of Michigan Listing Agreements with a Broker to Sell Internet Domain Site — Exclusive Listing may include: 1. Exclusive Right to Sell: This type of agreement gives the broker exclusive rights to sell the internet domain site, and the owner must pay a commission to the broker, regardless of who brings the buyer. 2. Exclusive Agency: In this agreement, the broker has the exclusive right to sell the internet domain site, but the owner can still market the site independently and avoid paying a commission if they find a buyer on their own. 3. Net Listing: This unique type of agreement specifies that the domain site owner will receive a certain predetermined amount from the sale proceeds, and the broker retains any amount in excess as commission. In conclusion, a Michigan Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a contractual arrangement between a domain site owner and a broker that grants exclusive marketing and selling rights for a specified period. It ensures that the broker is the sole representative in the sale of the internet domain site, and the owner cannot engage with other brokers or market the site independently.
