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Oklahoma Listing Agreement with a Broker to Sell Internet Domain Site - Exclusive Listing

State:
Multi-State
Control #:
US-03325BG
Format:
Word; 
Rich Text
Instant download

Description

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)

An Oklahoma Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract between a domain owner and a broker, typically a licensed real estate broker or a domain broker, who will exclusively represent the owner in selling their internet domain site. This agreement establishes the terms and conditions under which the broker will market and sell the domain site on behalf of the owner. In this agreement, the owner grants the broker the exclusive right to sell the internet domain site for a specified period, typically between 90 and 180 days. This exclusivity means that the owner cannot work with other brokers or attempt to sell the domain site independently during the term of the agreement. This arrangement allows the broker to invest time, effort, and resources into promoting and selling the domain site confidently. The broker's responsibilities under this agreement include, but are not limited to: 1. Marketing and promotion: The broker will create a comprehensive marketing plan to attract potential buyers for the domain site. This may include online advertising, email marketing, social media promotion, and outreach to potential buyers within the industry relevant to the domain's niche. 2. Pricing and valuation: The broker will assist the owner in determining an appropriate asking price for the domain site based on market trends, comparable sales, and the domain's unique qualities. The broker's expertise in the domain market helps ensure that the site is priced competitively to attract buyers while maximizing its potential value. 3. Negotiations and offers: The broker will handle all negotiations with potential buyers, presenting offers to the owner and providing advice on whether to accept, counter, or reject offers. The broker will advocate for the owner's best interests and work towards securing the highest possible sales price. 4. Documentation and closing: Once an offer is accepted, the broker will oversee the preparation of all necessary paperwork and documentation required for the sale. This includes drafting and reviewing contracts, coordinating with legal professionals, and ensuring a smooth closing process. It's worth mentioning that while an Exclusive Listing Agreement is the most common type, there might be variations depending on specific circumstances. For instance, brokers may offer a "limited exclusivity" agreement, which grants the broker exclusive rights to advertise and market the domain site while allowing the owner to personally approach potential buyers. Additionally, there can be agreements tailored for particular industries or domains with unique requirements. In conclusion, an Oklahoma Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing establishes a relationship of trust and exclusivity between a domain owner and a broker. It ensures that the broker has the authority and resources to effectively market and sell the domain site while protecting the owner's interests throughout the process.

An Oklahoma Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract between a domain owner and a broker, typically a licensed real estate broker or a domain broker, who will exclusively represent the owner in selling their internet domain site. This agreement establishes the terms and conditions under which the broker will market and sell the domain site on behalf of the owner. In this agreement, the owner grants the broker the exclusive right to sell the internet domain site for a specified period, typically between 90 and 180 days. This exclusivity means that the owner cannot work with other brokers or attempt to sell the domain site independently during the term of the agreement. This arrangement allows the broker to invest time, effort, and resources into promoting and selling the domain site confidently. The broker's responsibilities under this agreement include, but are not limited to: 1. Marketing and promotion: The broker will create a comprehensive marketing plan to attract potential buyers for the domain site. This may include online advertising, email marketing, social media promotion, and outreach to potential buyers within the industry relevant to the domain's niche. 2. Pricing and valuation: The broker will assist the owner in determining an appropriate asking price for the domain site based on market trends, comparable sales, and the domain's unique qualities. The broker's expertise in the domain market helps ensure that the site is priced competitively to attract buyers while maximizing its potential value. 3. Negotiations and offers: The broker will handle all negotiations with potential buyers, presenting offers to the owner and providing advice on whether to accept, counter, or reject offers. The broker will advocate for the owner's best interests and work towards securing the highest possible sales price. 4. Documentation and closing: Once an offer is accepted, the broker will oversee the preparation of all necessary paperwork and documentation required for the sale. This includes drafting and reviewing contracts, coordinating with legal professionals, and ensuring a smooth closing process. It's worth mentioning that while an Exclusive Listing Agreement is the most common type, there might be variations depending on specific circumstances. For instance, brokers may offer a "limited exclusivity" agreement, which grants the broker exclusive rights to advertise and market the domain site while allowing the owner to personally approach potential buyers. Additionally, there can be agreements tailored for particular industries or domains with unique requirements. In conclusion, an Oklahoma Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing establishes a relationship of trust and exclusivity between a domain owner and a broker. It ensures that the broker has the authority and resources to effectively market and sell the domain site while protecting the owner's interests throughout the process.

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Oklahoma Listing Agreement with a Broker to Sell Internet Domain Site - Exclusive Listing