Domain Name Agreements
As a valuable business asset, domain names can often rank on a par with (or even exceed) trade marks. Yours may not be the only business that knows the value of your desired domain name however.
In such cases, the ability to purchase or rent the domain name provides considerable scope for negotiation. Domain names should also be transferred when a business changes hands. Whilst the subject matter of the transaction may consist only of 0s and 1s, there should be nothing virtual about the transaction itself.
Having a Domain Name Agreement for sale, rental, assignment or licence in place is essential, protecting both parties and ensuring that the transaction proceeds smoothly and as agreed.