The term domain name means any alphanumeric designation which is registered with or assigned by any domain name registrar, domain name registry, or other domain name registration authority as part of an electronic address on the Internet. (15 USCS § 1127)
Oregon Domain Name Purchase Agreement
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State:
Multi-State
Control #:
US-02319BG
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FAQ
Common examples of buy-sell agreements include situations where partners in a business agree on how to handle their shares if one partner decides to leave or passes away. You may also encounter agreements that specify what happens with a domain name in the event of a divorce or business dissolution. Each agreement must be tailored to address the specific needs and circumstances of the parties involved.
While a buy-sell agreement can protect the ownership of your domain, it may also create limitations. For instance, it can restrict the ability to sell the domain to outside parties, potentially reducing its market value. Furthermore, if not properly structured, potential disputes might arise regarding valuation and terms, making the process less efficient.
