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Provide a template for a Domain Name Purchase Agreement.
Domain Name Purchase Agreement Template
Table of Contents
Introduction
Definitions
Agreement to Sell and Purchase
Purchase Price and Payment
Transfer of Domain Name
Representations and Warranties
Indemnification
Confidentiality
Governing Law and Dispute Resolution
Miscellaneous Provisions
Signatures
1. Introduction
This Domain Name Purchase Agreement ("Agreement") is made and entered into as of [Effective Date], by and between [Seller's Full Name], with an address at [Seller's Address] ("Seller"), and [Buyer's Full Name], with an address at [Buyer's Address] ("Buyer").
2. Definitions
Domain Name: The internet domain name [Domain Name] registered with [Registrar].
Registrar: The entity responsible for the registration of the Domain Name, currently [Registrar's Name].
Purchase Price: The total amount to be paid by the Buyer to the Seller for the Domain Name, as specified in Section 4.
3. Agreement to Sell and Purchase
The Seller agrees to sell, transfer, and assign to the Buyer, and the Buyer agrees to purchase from the Seller, all rights, title, and interest in and to the Domain Name, subject to the terms and conditions set forth in this Agreement.
4. Purchase Price and Payment
Purchase Price: The Purchase Price for the Domain Name shall be [Amount in Words] ([Amount in Figures]) USD.
Payment Terms: The Purchase Price shall be paid by the Buyer to the Seller in the following manner: [Specify Payment Method and Schedule].
5. Transfer of Domain Name
Transfer Process: Upon receipt of the Purchase Price, the Seller shall initiate the transfer of the Domain Name to the Buyer through the Registrar. The Seller agrees to provide all necessary information and cooperation to facilitate the transfer.
Completion of Transfer: The transfer of the Domain Name shall be deemed complete when the Registrar confirms the transfer to the Buyer.
6. Representations and Warranties
Seller's Representations:
The Seller is the sole owner of the Domain Name and has the full right and authority to sell and transfer the Domain Name.
The Domain Name is free from any liens, encumbrances, or legal claims.
The Domain Name does not infringe on any third-party intellectual property rights.
Buyer's Representations:
The Buyer has the full right and authority to enter into this Agreement and perform its obligations hereunder.
7. Indemnification
Seller's Indemnification: The Seller agrees to indemnify, defend, and hold harmless the Buyer from and against any and all claims, damages, liabilities, costs, and expenses arising out of or related to any breach of the Seller's representations and warranties.
Buyer's Indemnification: The Buyer agrees to indemnify, defend, and hold harmless the Seller from and against any and all claims, damages, liabilities, costs, and expenses arising out of or related to any breach of the Buyer's representations and warranties.
8. Confidentiality
Both parties agree to keep the terms of this Agreement and any confidential information disclosed during the negotiation and execution of this Agreement confidential and not to disclose such information to any third party without the prior written consent of the other party.
9. Governing Law and Dispute Resolution
Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the Republic of Kenya.
Dispute Resolution: Any disputes arising out of or in connection with this Agreement shall be resolved through [Specify Dispute Resolution Mechanism, e.g., arbitration, mediation, or litigation].
10. Miscellaneous Provisions
Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, understandings, and negotiations, whether written or oral, relating to the subject matter hereof.
Amendments: Any amendments or modifications to this Agreement must be in writing and signed by both parties.
Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
Waiver: The failure of either party to enforce any right or provision of this Agreement shall not be deemed a waiver of such right or provision.
11. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Domain Name Purchase Agreement as of the Effective Date.
Seller:
[Seller's Full Name]
[Seller's Address]
[Seller's Email Address]
[Seller's Phone Number]
Buyer:
[Buyer's Full Name]
[Buyer's Address]
[Buyer's Email Address]
[Buyer's Phone Number]
Conclusion
This Domain Name Purchase Agreement template provides a comprehensive framework for the sale and transfer of a domain name. It includes essential clauses such as representations and warranties, indemnification, confidentiality, and dispute resolution to protect the interests of both parties. Ensure that all specific details are accurately filled in and that both parties review and understand the terms before signing.
TLDR
This document is a detailed template for a Domain Name Purchase Agreement, outlining the terms and conditions for the sale and transfer of a domain name between a seller and a buyer. It includes sections on payment, transfer process, representations and warranties, indemnification, confidentiality, governing law, and dispute resolution.
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