Domain Name ContractsOur domain name contracts fall into two categories: domain name licence agreements and domain name sale agreements.
A domain name is not usually considered to be an item of property, and the sale of a domain name is really a transfer of contractual rights and obligations. Domain names can change hands for thousands, tens of thousands, and sometimes hundreds of thousands of pounds (million pound plus domains are very rare). A domain name sale agreement can help the parties to the sale to safeguard their rights in the domain name, and in the money or other consideration that is being exchanged for the domain name.
A licence of a domain name, by contrast, involves the owner of the domain name (the licensor) granting another person (the licensee) the right to use the domain name. A licence will almost always be revocable or terminable, in at least some circumstances. Some registration authorities do not allow the licensing of domain names. Before you enter into - or for that matter begin considering or negotiating - a licence agreement, you should check whether the authority that administers the relevant domain name extension permits licences.
|
