Docstoc Legal Agreements
This Domain Name Purchase Agreement is used by companies and individuals located in
Alabama when selling a domain name. This document is intended to ensure that all
intellectual property rights are properly transferred to the buyer and the seller receives the
agreed value. This document in its draft form contains numerous of the standard clauses
commonly used in these types of agreements, as well as optional language to allow for
customization to ensure the specific terms of the parties� agreement are addressed.
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DOMAIN NAME PURCHASE AGREEMENT
THIS DOMAIN NAME PURCHASE AGREEMENT (the “Agreement”) made as of the
____ [Month] ____ [Date], 20____.
BETWEEN:
________________________________________
________________________________________
________________________________________
________________________________________
[Instruction: Insert full legal name and address of the seller of domain name]
(Hereinafter referred to as the “Seller”)
And
________________________________________
________________________________________
________________________________________
________________________________________
[Instruction: Insert full legal name and address of the buyer of domain name]
(Hereinafter referred to as the “Buyer”)
WHEREAS, the Seller, a company registered in Alabama under the laws of the Alabama
[STATUTE]. [Instruction: Remove this recital (paragraph) if domain name owner is an
individual and not a company]
WHEREAS, the Seller owns the Domain Name_________________________ [Instruction:
Insert the full domain name] (“Domain Name”).
WHEREAS, the Seller agrees to sell the above mentioned Domain Name to the Buyer and the
Buyer agrees to purchase the Domain Name on the terms and conditions set forth herein.
NOW THEREFORE, in consideration of the mutual agreements contained in this Agreement,
the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:
© Copyright 2013 Docstoc Inc. registered document proprietary, copy not 2
1. Assignment and Transfer
The Seller owns the Domain Name and any goodwill associated therewith (hereinafter
collectively be referred to as the “Domain Name”). The Buyer hereby accepts such
assignment and transfer. The Seller hereby irrevocably sells, assigns, and transfers to the
Buyer all of the Seller’s and its affiliates’:
a. right, title, and interest in and to the Domain Name;
b. registered or unregistered trademarks, service marks, copyrights, or other intellectual
property or proprietary rights based on or related to the Domain Name; and
c. goodwill associated with the Domain Name.
2. Purchase Price
The Buyer shall pay the Seller an amount of ___________________ ($________) [ten
thousand dollars ($10,000)] (hereinafter the “Purchase Price”) for the Domain Names
transferred hereunder. [Comment: these numbers are not provided by the law, but can be
any number the user chooses]
3. Cessation of Use of Domain Name
Immediately upon the release of the Purchase Price by the Buyer to the Seller, the Seller shall
cease all use of the Domain Name. The parties acknowledge that no domain name other than
the Domain Name owned by the Seller mentioned under Section 1 is subject to this section.
This section shall survive the termination or expiry of this Agreement.
4. Representations and Warranties of the Seller
The Seller asserts that, to the best of the Seller's knowledge, no claim regarding ownership
and/or use of the Domain Name now exists, and no third party has manifested any such
ownership rights. Furthermore, the Seller represents an