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 Missouri Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding document that outlines the agreement between a domain site owner and a broker, granting the broker the exclusive right to sell the domain site. This type of listing agreement is specifically designed for selling internet domain sites in the state of Missouri. In a Missouri Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing, the domain site owner agrees to work exclusively with a specific broker to market and sell their domain site. This means they cannot work with any other brokers or attempt to sell the domain site independently during the agreement period. The exclusive listing agreement serves as protection for both the domain site owner and the broker. For the owner, it ensures that their domain site is actively marketed by a professional broker who specializes in selling internet domain sites. On the other hand, the broker benefits by having the exclusive right to represent and market the domain site without competition from other brokers. When drafting a Missouri Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing, several key elements are typically included: 1. Parties: The agreement specifies the legal names and contact information of both the domain site owner (seller) and the broker (agent). 2. Exclusive Listing Period: The agreement defines the length of time that the exclusive listing will be in effect. This can vary depending on the negotiation between the parties, but a typical timeframe is around six months to a year. 3. List Price: The agreement states the agreed-upon list price at which the domain site will be marketed and sold. The list price should be based on a comprehensive evaluation of the domain site's value, considering factors such as market demand, comparable sales, and potential for growth. 4. Brokerage Commission: The agreement outlines the commission structure, specifying the percentage or fixed amount that the broker will earn upon successful sale of the domain site. This commission is typically paid by the owner upon the completion of the sale. 5. Marketing and Advertising: The agreement details the marketing and advertising strategies that the broker will implement to promote the domain site. This may include online advertisements, social media campaigns, targeted email marketing, networking, and more. Different types of Missouri Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing may vary based on the specific terms and conditions agreed upon by the parties involved. Some alternative types of listing agreements may include variations in the exclusivity period, commission structure, or additional clauses that address unique circumstances or provisions. Overall, a Missouri Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a crucial document that establishes the rights and responsibilities of both the domain site owner and the broker, ensuring a streamlined and legally protected process for selling the domain site.
