Fill and Sign the Domain Purchase Agreement Form

Domain Name Purchase Agreement Domain Name Purchase Agreement m ade on the ______________ (date) , between _________________ (Name of Buyer) , a corporation organized and existing under the laws of the state of ______________, with its principal office located at _________________________ ____________________________________________________ (street address, city, county, state, zip code) , referred to herein as Buyer , and _____________________ (Name of Seller) , a corporation organized and existing under the laws of the state of ______________, with its principal office located at __________________________________________________ _____________________________ (street address, city, county, state, zip code) , referred to herein as Seller . Seller agrees to sell to Buyer and Buyer agrees to purchase all rights, title and interest that Seller possesses in the Domain Name (e.g., domain.name.com) ___________________ . Seller is the current registrant or Agent of this Domain Name through an ICANN (The Internet Corporation for Assigned Name & Numbers). 1. Buyer will pay seller the sum of $__________, as the total purchase price for the aforementioned Domain Name. A Non-refundable wire-transfer deposit equal to twenty percent (20%) shall be required within 2 business days with the remaining balance due within 5 days of the deposit date or this contract becomes null and void. 2. All payments shall be made by wire transfer to the Sellers designated bank account and be in US dollars. 3. Buyer will also be responsible for registration fees and other expenses in connection with the transfer with this name. Buyer and Seller agree to cooperate with the timely transfer of the name. 4. Buyer understands that all Domain Names registered through an ICANN (The Internet Corporation for Assigned Name & Numbers) registrar are subject to the UDRP (Uniform Dispute Resolution Policy) and the Buyer is familiar with this and has read, understands and agrees to abide with this policy. 5. Seller represents and warrants that it is duly authorized to execute and enter into this Agreement. 6. Buyer represents and warrants that it is duly authorized to execute and enter into this Agreement. 7. Both Buyer and Seller agree not to make any fraudulent or false statements or misrepresentations regarding this Agreement. 8. Seller has not granted any third party any right or option to use or buy this domain. 9. Seller has not applied for or filed for trademark registration (domestic or foreign) for this Domain Name. 10. The only asset transferred in this Agreement is the Sellers interest in the Domain Name as a Domain Name on the Internet. 11. Seller assumes no liability or risk of loss with this name and Buyer is buying the name as-is and Buyer has all the burden of due diligence. 12. Buyer agrees to hold Seller harmless and assumes all risks and liability as a result of any claims of infringement, third party claim to said name or any other claims associated with the transfer and ownership of the name. 13. Buyer expressly agrees that it is purchasing the Domain Name at its sole risk. Seller expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, any implied warranty of merchantability, or fitness for any particular purpose. Seller does not make any warranty that the Domain Name will meet Buyer’s requirements, or that Buyer will be able to attain any specific results or value associated with the Domain Name or use thereof. 14. Buyer agrees to transfer the Domain Name and choose a new registrar within 30 days of this purchase contract and to hold seller harmless regarding renewals. 15. Severability The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision. 16. No Waiver The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. 17. Governing Law This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of ______________. 18. Notices Any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement. 19. Attorney’s Fees In the event that any lawsuit is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all the sums that either party may be called on to pay, a reasonable sum for the successful party's attorney fees. 20. Mandatory Arbitration Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. 21. Entire Agreement This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. 22. Modification of Agreement Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party. 23. Assignment of Rights The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party. 24. In this Agreement, any reference to a party includes that party's heirs, executors, administrators, successors and assigns, singular includes plural and masculine includes feminine. WITNESS our signatures as of the day and date first above stated. _______________________ _______________________ (Name of Buyer) (Name of Seller) By:______________________________ By:_____________________________ ________________________ ________________________ (P rinted name & Office in Corporation) (P rinted name & Office in Corporation ________________________ ________________________ (Signature of Officer) (Signature of Officer)