PayPal Logo

Domain name licence agreement (option to purchase)

Price:  £40.00(Inc. 20% VAT)(£33.33 Exc. VAT)

An adapted version of our standard domain name licence agreement, including an option for the licensee to purchase the domain.

This licence of domain name template is in most respects identical to our standard domain name licence agreement template. However, it also includes an option for the licensee to purchase the domain name.

The option to purchase may be exercised by the licensee issuing a notice to the licensor during a specified period (e.g. the term of the licence agreement). Following the issuing of the notice, the licensee must pay the agreed purchase price to a third party escrow agent. The licensor must then transfer the ownership and control of the domain name to the licensee. Once this has happened, the escrow agent should release the purchase price to the licensor.

  1. Definitions and interpretation
  2. Term
  3. Licence
  4. Licensor's obligations
  5. Licensee's obligations
  6. Charges and payment
  7. Option to purchase
  8. Warranties
  9. Limitations and exclusions of liability
  10. Confidentiality and publicity
  11. Termination
  12. Effects of termination
  13. General
The licence of domain name is 14 pages long (including the cover page) and is provided in Word (.doc) format.
How would an option to purchase the domain name be exercised?

As drafted, Clause 7 of this template domain name licence agreement states that at any time during the term of the agreement (or such other period as may be specified) the licensee may exercise the option by giving written notice to the licensor. Following this notification, the licensee must pay the pre-agreed purchase price to an escrow agent. The licensee must ensure that the agent is obligated to pay the price to the licensor on the transfer of the domain to the licensee.

Would the confidentiality clause prevent the disclosure of the charges for exercising the option?

One suggested category of confidential information is "the financial terms of the agreement", which would cover the option charge. The confidentiality provisions can easily be adapted to cover any information that you want to keep confidential.

How would the licensee "control" the domain name while it is merely licensed?

Under Clause 4, the licensor promises to update the name servers associated with the domain name (and other DNS records associated with the domain name that are in the licensor's control) in accordance with the written instructions of the licensee.

Ask a question

Related Products