Listing Agreement With Without Penalty

• Category: Contracts - Brokers
• State: Multi-State
• Control #: US-03325BG
• Format: Word; Rich Text

Description

The Listing Agreement with No Penalty is a legal form designed for sellers engaging a broker to facilitate the sale of an internet domain name. This exclusive agreement establishes the seller's commitment to refer all inquiries about the domain to the broker, who will manage negotiations and advertising efforts. The agreement specifies the selling price, terms of payment, duration, and conditions for commission payment to the broker. Notably, if the seller does not wish to continue the agreement after the initial term, they must notify the broker thirty days prior to expiration. In the event the broker successfully finds a buyer, the seller agrees to pay a commission based on the gross selling price. The document also includes provisions for severability, mandatory arbitration, and compliance with state laws, ensuring clear legal protections for both parties. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to domain sales, minimizing risks and ensuring clarity in the broker-seller relationship.