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)
The Wisconsin Domain Name Purchase Agreement is a legal contract specifically designed for the sale and transfer of domain names within the state of Wisconsin. This agreement outlines the terms and conditions that govern the purchase, ownership, and transfer of domain names between a seller and a buyer. Key provisions of the Wisconsin Domain Name Purchase Agreement include: 1. Identification of Parties: The agreement begins by clearly identifying the seller and the buyer involved in the domain name transaction. 2. Domain Name Details: The agreement incorporates specific details about the domain name being sold, such as its current registration information, expiration date, and any associated intellectual property rights. 3. Purchase Price and Payment Terms: The agreement outlines the agreed-upon purchase price for the domain name and the payment terms, including the method of payment and any installment options. 4. Representations and Warranties: Both the seller and the buyer make certain representations and warranties to ensure the accuracy and legality of the domain name. This may include clarifying that the domain name is free of any liens, encumbrances, or legal issues. 5. Domain Transfer Process: The agreement specifies the process for transferring ownership and control of the domain name from the seller to the buyer. It may include details about registrar transfers, domain unlocking, and DNS changes. 6. Indemnification: This clause protects both parties by outlining the responsibilities for any intellectual property infringement claims or breaches of the agreement. It determines which party will bear the legal and financial consequences of such claims. It is important to note that while the Wisconsin Domain Name Purchase Agreement is a standardized contract template, there might be variations based on individual circumstances. Some specific types or variations of this agreement could include: 1. Wisconsin Domain Name Purchase Agreement for Businesses: This version of the agreement is tailored for business entities engaged in domain name transactions, ensuring that the specific needs and considerations of businesses are addressed. 2. Wisconsin Domain Name Purchase Agreement for Individuals: This agreement is specifically designed for individuals who are buying or selling domain names on a personal basis. It includes provisions that are relevant for non-commercial transactions and personal use. In conclusion, the Wisconsin Domain Name Purchase Agreement is a legal contract that governs the sale and transfer of domain names in the state. It provides clarity and protection to both parties involved in the transaction and ensures a smooth transfer of ownership. The different types of this agreement cater to specific scenarios, such as transactions involving businesses or individuals.The Wisconsin Domain Name Purchase Agreement is a legal contract specifically designed for the sale and transfer of domain names within the state of Wisconsin. This agreement outlines the terms and conditions that govern the purchase, ownership, and transfer of domain names between a seller and a buyer. Key provisions of the Wisconsin Domain Name Purchase Agreement include: 1. Identification of Parties: The agreement begins by clearly identifying the seller and the buyer involved in the domain name transaction. 2. Domain Name Details: The agreement incorporates specific details about the domain name being sold, such as its current registration information, expiration date, and any associated intellectual property rights. 3. Purchase Price and Payment Terms: The agreement outlines the agreed-upon purchase price for the domain name and the payment terms, including the method of payment and any installment options. 4. Representations and Warranties: Both the seller and the buyer make certain representations and warranties to ensure the accuracy and legality of the domain name. This may include clarifying that the domain name is free of any liens, encumbrances, or legal issues. 5. Domain Transfer Process: The agreement specifies the process for transferring ownership and control of the domain name from the seller to the buyer. It may include details about registrar transfers, domain unlocking, and DNS changes. 6. Indemnification: This clause protects both parties by outlining the responsibilities for any intellectual property infringement claims or breaches of the agreement. It determines which party will bear the legal and financial consequences of such claims. It is important to note that while the Wisconsin Domain Name Purchase Agreement is a standardized contract template, there might be variations based on individual circumstances. Some specific types or variations of this agreement could include: 1. Wisconsin Domain Name Purchase Agreement for Businesses: This version of the agreement is tailored for business entities engaged in domain name transactions, ensuring that the specific needs and considerations of businesses are addressed. 2. Wisconsin Domain Name Purchase Agreement for Individuals: This agreement is specifically designed for individuals who are buying or selling domain names on a personal basis. It includes provisions that are relevant for non-commercial transactions and personal use. In conclusion, the Wisconsin Domain Name Purchase Agreement is a legal contract that governs the sale and transfer of domain names in the state. It provides clarity and protection to both parties involved in the transaction and ensures a smooth transfer of ownership. The different types of this agreement cater to specific scenarios, such as transactions involving businesses or individuals.
