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 Kings New York Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing is a contractual agreement between a domain site owner and a broker based in New York. This agreement is specifically designed for selling internet domain sites and grants the broker exclusive rights to represent the owner in the sale. Keywords: — Kings New York: Refers to the location of the broker and signifies the geographical scope of the agreement. — Listing Agreement: A legal contract that outlines the terms and conditions between the domain site owner and the broker. — Broker: A professional intermediary hired by the domain site owner to handle the sale. — Sell: The main objective of the agreement is to sell the internet domain site. — Internet Domain Site: Refers to a website or web address that is being sold. — Exclusive Listing: Grants the broker exclusive rights to represent the owner in the sale, meaning that only the appointed broker can market and sell the domain site. — Domain Site Owner: The individual or entity who owns the internet domain site and is looking to sell it. Types of Kings New York Listing Agreement with a Broker to Sell Internet Domain Site — Exclusive Listing: 1. Fixed-Term Exclusive Listing Agreement: This type of agreement defines a specific duration during which the broker has exclusive rights to sell the internet domain site. The duration is agreed upon by both parties. 2. Open-Ended Exclusive Listing Agreement: In this agreement, there is no pre-determined duration. Instead, the broker retains exclusive rights until the domain site is sold or until the agreement is terminated by either party. 3. Multiple Broker Exclusive Listing Agreement: Sometimes, multiple brokers may be engaged to sell the internet domain site. This type of agreement clearly specifies the responsibilities and commission structure for each broker involved. 4. International Exclusive Listing Agreement: If the internet domain site owner is looking to sell their site to international buyers, this type of agreement ensures that the broker has exclusive rights to represent the owner globally. It is important for both the domain site owner and the broker to thoroughly review and understand the terms and conditions outlined in the Kings New York Listing Agreement before proceeding with the sale of the internet domain site.
