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 Utah Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legally binding contract between a domain site owner and a licensed broker in the state of Utah. This agreement grants the selected broker the sole right to list, market, and sell the internet domain site for a specified period of time. When entering into a Utah Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing, it is important to understand the different types available. Here are a few variations: 1. Exclusive Right to Sell: This type of listing agreement grants the broker exclusive rights to sell the internet domain site, meaning that regardless of who brings in the buyer, the broker is entitled to the agreed-upon commission. 2. Exclusive Agency: This agreement allows the domain site owner to sell the internet domain site by themselves, but if the broker brings in a buyer, they are entitled to the commission. 3. Multiple Listing Service (MLS): In this type of agreement, the broker has the right to submit the internet domain site to an MLS, which is a centralized database that enables other brokers to access and market the site. If another broker successfully sells the site, they will usually share the commission with the listing broker. Regardless of the specific type of Utah Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing chosen, there are certain key components that should be included: 1. Identifying Information: The agreement should clearly state the names, addresses, and contact details of both the domain site owner and the broker. 2. Exclusive Listing Period: The contract should outline the duration of the exclusive listing period, during which the broker has the sole right to sell the internet domain site. Typically, this period lasts for a set number of months. 3. Commission and Fees: The agreement should specify the agreed-upon commission rate or fee that the broker will receive upon the successful sale of the internet domain site. This may be a percentage of the sale price or a fixed amount. 4. Listing Price and Terms: The listing agreement should include the agreed-upon listing price for the internet domain site and any specific terms or conditions related to the sale. 5. Marketing and Promotion: The contract should outline the broker's responsibilities for marketing and promoting the internet domain site, including any advertising channels or strategies that will be utilized. 6. Termination Clause: It is essential to include a termination clause that outlines the conditions under which either party can terminate the agreement before the expiration of the exclusive listing period. A Utah Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a crucial document that regulates the relationship between a domain site owner and a broker. It ensures a clear understanding of the rights, responsibilities, and obligations of both parties throughout the selling process.
