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)
South Dakota Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding document that outlines the terms and conditions for the sale of an internet domain site through a licensed broker. This agreement ensures that the owner of the domain site has engaged the broker exclusively to represent them in the sale. Keywords: South Dakota, listing agreement, broker, internet domain site, exclusive listing, terms, conditions, sale, owner, engage, represent. There are two main types of South Dakota Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing commonly used: 1. Exclusive Right to Sell Listing: This type of agreement grants the broker exclusive rights to represent and sell the internet domain site on behalf of the owner. It means that the broker is entitled to a commission regardless of who buys the domain site during the term of the agreement. 2. Exclusive Agency Listing: In this type of agreement, the broker is given exclusive rights to market and advertise the internet domain site. However, the owner retains the right to sell the site independently without owing the broker any commission. This arrangement provides a level of flexibility for the owner while still benefiting from the expertise and resources of a licensed broker. Important provisions typically included in the South Dakota Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing are: 1. Identification of Parties: This section identifies the owner of the internet domain site and the licensed broker who will represent them in the sale. 2. Exclusive Listing Period: The agreement specifies the duration for which the broker will have exclusivity in representing the owner's domain site for sale. 3. Commission Rate and Payment: This clause outlines the commission rate the broker will earn upon successful sale of the internet domain site. It also describes the payment terms and any additional fees. 4. Listing Price and Marketing: The agreement states the agreed-upon listing price for the domain site and details the marketing strategies that the broker will employ to attract potential buyers. 5. Seller's Obligations: This section highlights the owner's responsibilities during the listing period, such as providing accurate information about the domain site, facilitating inspections, and cooperating with the broker. 6. Termination Clause: A provision is included to outline the circumstances under which either party can terminate the agreement, including breach of contract or non-performance. It's crucial for both the owner and the broker to carefully review the South Dakota Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing before signing to ensure that all terms and conditions align with their respective expectations and requirements.
