This document is a domain name assignment agreement. The buyer is seeking to acquire the seller's domain name, complete with all related rights and privileges, trademarks, and other intellectual property.
New Mexico Domain Name and Related Rights Assignment Agreement
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State:
Multi-State
Control #:
US-TC0614
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Word;
PDF;
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How to fill out Domain Name And Related Rights Assignment Agreement?
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FAQ
ICANN (Internet Corporation for Assigned Names and Numbers) is the private, non-government, nonprofit corporation with responsibility for Internet Protocol (IP) address space allocation, protocol parameter assignment, domain name system (DNS) management and root server system management functions.
An assignment of contract is a legal clause that allows for one party of a contract to transfer the rights, obligations, and responsibilities of that contract to another party. The party who is giving away the responsibility of the contract is the assignor and the party receiving is the assignee.
There are two types of assignment: contract assignment and assignment of rights. Contract assignment is when the assignor assigns the rights, responsibilities and obligations of a contract to the assignee. Assignment of rights is when the assignor only transfers the rights of the contract to the assignee.
A domain name assignment is a service that ensures a party has the rights to its company's domain.
The Internet Corporation for Assigned Names and Numbers (ICANN) is an internationally organized, non-profit corporation that has responsibility for Internet Protocol (IP) address space allocation, protocol identifier assignment, generic (gTLD) and country code (ccTLD) Top-Level Domain name system management, and root ...
For example, if A contracts with B to teach B guitar for $50, A can assign this contract to C. That is, this assignment is both: (1) an assignment of A's rights under the contract to the $50; and (2) a delegation of A's duty to teach guitar to C.
A domain name assignment is the transfer of an owner's property rights in a given domain name or names. Such transfers may occur on their own or as parts of larger asset sales or purchases. Domain name assignments both provide records of ownership and transfer and protect the rights of all parties.
The agreement should include a provision ensuring the domain name does not infringe on any existing trademarks. This is important to avoid any future legal disputes or infringement claims. Provisions: The agreement should also include provisions for the transfer of any associated intellectual property rights.