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 Washington Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a legal document that establishes a contractual relationship between the owner of an internet domain site (the "Principal") and a licensed real estate broker (the "Broker"). This agreement entitles the Broker to exclusively represent the Principal in selling their internet domain site for a specified period of time. Under this agreement, the Principal grants the Broker the exclusive right to market, advertise, and negotiate the sale of their internet domain site. The Broker is responsible for using their expertise to attract potential buyers, conduct negotiations, review offers, and facilitate the transaction process. In return, the Principal agrees to pay the Broker a specified commission upon the successful sale of the domain site. Keywords: Washington Listing Agreement, Broker, Sell, Internet Domain Site, Exclusive Listing, contractual relationship, licensed real estate broker, Principal, market, advertise, negotiate, sale, specified period of time, attract potential buyers, conduct negotiations, review offers, facilitate the transaction process, commission, successful sale. Different types of Washington Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing may include: 1. Standard Exclusive Listing Agreement: This is the most common type of agreement where the Principal grants the Broker exclusive rights to market and sell the internet domain site for a specified duration. 2. Open Exclusive Listing Agreement: This type of agreement allows the Principal to enlist multiple Brokers to market their internet domain site simultaneously. The commission is typically paid to the Broker who successfully sells the domain site. 3. Limited Exclusive Listing Agreement: In this agreement, the Principal grants exclusive rights to the Broker for a limited period of time. After the specified duration, the Principal may choose to engage other Brokers or market the domain site independently. 4. Joint Exclusive Listing Agreement: This agreement involves multiple Brokers who join forces to market and sell the Principal's internet domain site. The commission is distributed among the participating Brokers based on predefined terms. Keywords: Standard Exclusive Listing Agreement, Open Exclusive Listing Agreement, Limited Exclusive Listing Agreement, Joint Exclusive Listing Agreement, multiple Brokers, market, sell, commission, specified duration, marketing, internet domain site.
