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)
Franklin Ohio Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing A Franklin Ohio Listing Agreement with a Broker to Sell Internet Domain Site is a contractual agreement between a domain owner and a broker in Franklin, Ohio, to market and sell their internet domain site exclusively. This type of agreement is designed to provide the domain owner with professional assistance in selling their online property while granting the broker exclusive rights to represent and negotiate on behalf of the owner. Exclusive Listing refers to the fact that the domain owner agrees to work exclusively with the chosen broker for a specified period, usually ranging from 30 to 180 days. During this time, the broker is the sole representative of the domain owner in all matters related to the sale. It means that the owner cannot engage any other brokers or attempt to sell the domain independently. The Franklin Ohio Listing Agreement may come in different types, depending on the terms and conditions agreed upon by the domain owner and the broker. Here are a few common variations: 1. Standard Exclusive Listing Agreement: — This is the most basic type of listing agreement where the broker is granted exclusive rights to market and sell the internet domain site for a predetermined period. — The agreed commission structure and timeframe are clearly outlined in the agreement. — The broker will undertake various marketing activities to attract potential buyers, such as advertising, contacting potential investors, and utilizing their network. 2. Performance-Based Exclusive Listing Agreement: — In this agreement, the broker's commission is determined by the final sale price of the internet domain site. — The higher the sale price, the higher the commission percentage the broker receives, incentivizing them to secure the best possible deal for the domain owner. — This type of agreement ensures that the broker is invested in achieving the highest sale price for the domain site. 3. Exclusive Listing Agreement with Terms: — This agreement may include specific terms that both the domain owner and the broker must adhere to during the listing period. — It may specify requirements related to marketing efforts, regular updates, or specific actions to be taken by either party to facilitate the successful sale of the domain site. — The terms set within this agreement aim to provide clear expectations and support an efficient sales process. Ultimately, a Franklin Ohio Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing offers domain owners a professional partnership and representation throughout the sales process. By signing this agreement, domain owners gain access to specialized expertise, marketing strategies, and negotiation skills that can maximize the potential sale value of their internet domain site.
