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)
Mississippi Domain Name Purchase Agreement is a legal document that outlines the terms and conditions of purchasing a domain name in Mississippi, USA. This agreement specifies the rights, responsibilities, and obligations of the buyer (purchaser) and seller (current domain owner) during the transfer of ownership. Keywords: Mississippi, domain name purchase agreement, legal document, terms and conditions, purchasing, domain name, rights, responsibilities, obligations, transfer of ownership. There are no specific types of Mississippi Domain Name Purchase Agreement, as it refers to the general agreement used in the state of Mississippi. However, various clauses and sections may be included in this agreement depending on the specific requirements of the buyer and seller. These may include: 1. Purchase Price: This section specifies the agreed-upon amount at which the domain name is being purchased. 2. Payment Terms: It outlines the terms of payment, such as the mode of payment, payment schedule, and any applicable installment arrangements. 3. Domain Description: This section includes a detailed description of the domain name being sold, including its exact spelling, extension (.com, .net, etc.), and any additional subdomains or variations included in the purchase. 4. Representations and Warranties: The seller's representations and warranties about the domain's ownership, non-infringement, and absence of any legal disputes should be clearly mentioned in this section. 5. Transfer Process: This section outlines the process and timeline for transferring the domain name from the seller's registrar to the buyer's registrar, ensuring a smooth transition of ownership. 6. Indemnification: This clause protects both parties from any legal claims related to the domain name, ensuring that each party will defend and hold harmless the other in case of infringement or breach of any representation. 7. Dispute Resolution: In the event of a dispute, this section outlines the agreed-upon method of resolution, such as mediation, arbitration, or litigation in Mississippi. 8. Governing Law: The agreement typically states that it shall be governed by and construed in accordance with the laws of the state of Mississippi. 9. Entire Agreement: This provision states that the Mississippi Domain Name Purchase Agreement constitutes the entire agreement between the parties involved and supersedes any previous agreements or understandings. It is important for both the buyer and seller to carefully review, understand, and negotiate the terms of the Mississippi Domain Name Purchase Agreement before finalizing the transaction to ensure a fair and legally binding arrangement.
