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 Tennessee Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legal document that outlines the terms and conditions under which a broker will help sell an internet domain site on behalf of the owner or seller. It is specifically designed for domain site owners in the state of Tennessee who wish to enlist the assistance of a broker to maximize the sale potential of their internet domain site. This exclusive listing agreement ensures that the broker exclusively represents the owner in all negotiations, marketing efforts, and sale activities related to the internet domain site. The broker's main objective is to secure the best possible sale terms and price for the owner, while adhering to the laws and regulations governing domain site transactions in Tennessee. The agreement typically includes key provisions such as: 1. Exclusive Representation: The agreement establishes the broker's exclusive representation of the owner for the specified duration of the agreement. This means that the owner cannot engage another broker or personally sell the domain site during the agreement period. 2. Listing Price: The agreement specifies the initial listing price for the internet domain site, based on the owner's valuation and the broker's expertise. The listing price may be subject to adjustments if agreed upon between the parties. 3. Marketing and Promotion: The broker is responsible for marketing and promoting the internet domain site through various channels such as online advertisements, email marketing, social media campaigns, and other relevant strategies. The agreement may outline the specific marketing activities to be undertaken by the broker. 4. Commission and Fees: The agreement defines the commission and fees payable to the broker upon successful sale of the internet domain site. The commission is typically a percentage of the final sale price, and any additional fees, such as advertising costs, might be discussed and agreed upon in the agreement. 5. Duration and Termination: The agreement specifies the duration of the exclusive listing period, during which the owner grants the broker exclusive rights to market and negotiate the sale of the domain site. The agreement may also include provisions for termination, allowing either party to terminate the agreement under certain conditions. Different types of Tennessee Listing Agreements with a Broker to Sell Internet Domain Site — Exclusive Listing may exist based on the specific terms negotiated between the owner and the broker. Some variations include: 1. Standard Exclusive Listing Agreement: This is the most common type of agreement, outlining the basic terms of the exclusive representation, marketing efforts, commission, and duration of the agreement. 2. Modified Exclusive Listing Agreement: This type of agreement allows for alterations to the standard terms, providing more flexibility to the owner and broker regarding commission structure, marketing strategies, and specific services to be provided. 3. Performance-Based Exclusive Listing Agreement: This agreement ties the broker's commission to specific performance benchmarks, incentivizing the broker to achieve higher sale prices or faster sales. This type of agreement may include tiered commission rates based on different performance levels. In conclusion, a Tennessee Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract that grants a broker exclusive rights to represent and sell an internet domain site in Tennessee. The agreement outlines the key terms, including commission, marketing efforts, duration, and termination clauses, ensuring a clear and mutually beneficial relationship between the owner and the broker.A Tennessee Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legal document that outlines the terms and conditions under which a broker will help sell an internet domain site on behalf of the owner or seller. It is specifically designed for domain site owners in the state of Tennessee who wish to enlist the assistance of a broker to maximize the sale potential of their internet domain site. This exclusive listing agreement ensures that the broker exclusively represents the owner in all negotiations, marketing efforts, and sale activities related to the internet domain site. The broker's main objective is to secure the best possible sale terms and price for the owner, while adhering to the laws and regulations governing domain site transactions in Tennessee. The agreement typically includes key provisions such as: 1. Exclusive Representation: The agreement establishes the broker's exclusive representation of the owner for the specified duration of the agreement. This means that the owner cannot engage another broker or personally sell the domain site during the agreement period. 2. Listing Price: The agreement specifies the initial listing price for the internet domain site, based on the owner's valuation and the broker's expertise. The listing price may be subject to adjustments if agreed upon between the parties. 3. Marketing and Promotion: The broker is responsible for marketing and promoting the internet domain site through various channels such as online advertisements, email marketing, social media campaigns, and other relevant strategies. The agreement may outline the specific marketing activities to be undertaken by the broker. 4. Commission and Fees: The agreement defines the commission and fees payable to the broker upon successful sale of the internet domain site. The commission is typically a percentage of the final sale price, and any additional fees, such as advertising costs, might be discussed and agreed upon in the agreement. 5. Duration and Termination: The agreement specifies the duration of the exclusive listing period, during which the owner grants the broker exclusive rights to market and negotiate the sale of the domain site. The agreement may also include provisions for termination, allowing either party to terminate the agreement under certain conditions. Different types of Tennessee Listing Agreements with a Broker to Sell Internet Domain Site — Exclusive Listing may exist based on the specific terms negotiated between the owner and the broker. Some variations include: 1. Standard Exclusive Listing Agreement: This is the most common type of agreement, outlining the basic terms of the exclusive representation, marketing efforts, commission, and duration of the agreement. 2. Modified Exclusive Listing Agreement: This type of agreement allows for alterations to the standard terms, providing more flexibility to the owner and broker regarding commission structure, marketing strategies, and specific services to be provided. 3. Performance-Based Exclusive Listing Agreement: This agreement ties the broker's commission to specific performance benchmarks, incentivizing the broker to achieve higher sale prices or faster sales. This type of agreement may include tiered commission rates based on different performance levels. In conclusion, a Tennessee Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract that grants a broker exclusive rights to represent and sell an internet domain site in Tennessee. The agreement outlines the key terms, including commission, marketing efforts, duration, and termination clauses, ensuring a clear and mutually beneficial relationship between the owner and the broker.
