Domain Name Sale Agreement for New Zealand

Domain Name Sale Agreement Template for New Zealand

A comprehensive legal agreement governed by New Zealand law that facilitates the sale and transfer of domain name ownership from one party to another. The document outlines the terms and conditions of the sale, including purchase price, payment terms, transfer process, warranties, and representations from both parties. It ensures compliance with New Zealand's electronic commerce regulations and Domain Name Commission requirements while protecting both parties' interests in the digital asset transfer. The agreement includes technical specifications for the domain transfer process and addresses intellectual property considerations.

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What is a Domain Name Sale Agreement?

The Domain Name Sale Agreement is essential for businesses and individuals engaging in the purchase or sale of domain names in New Zealand. This document is used when transferring ownership of digital assets, specifically domain names, from a seller to a buyer. It encompasses all necessary legal and technical requirements under New Zealand law, including compliance with the Contract and Commercial Law Act 2017 and Domain Name Commission regulations. The agreement is particularly important in the digital age where domain names represent significant business assets and may carry substantial value. It includes provisions for ownership verification, payment terms, transfer procedures, warranties, and dispute resolution mechanisms. The document should be used whenever a domain name transfer occurs to ensure legal protection for all parties and proper documentation of the ownership change.

What sections should be included in a Domain Name Sale Agreement?

1. Parties: Identification of the Seller and Buyer with full legal names and contact details

2. Background: Context of the agreement, including current ownership status of the domain name and intention to transfer

3. Definitions: Key terms used throughout the agreement including 'Domain Name', 'Transfer Date', 'Registration Authority', etc.

4. Subject Matter: Specific details of the domain name(s) being sold and current registration status

5. Purchase Price and Payment: The agreed purchase price, payment method, and timing of payment

6. Transfer Process: Step-by-step process for transferring the domain name, including technical requirements

7. Seller's Warranties: Seller's representations regarding ownership, right to sell, and domain status

8. Buyer's Warranties: Buyer's representations regarding legal capacity and intended use

9. Completion of Transfer: Conditions for completing the transfer and verification process

10. Governing Law and Jurisdiction: Specification of New Zealand law as governing law and jurisdiction for disputes

What sections are optional to include in a Domain Name Sale Agreement?

1. Escrow Arrangements: Details of escrow service if being used to secure the transaction

2. Intellectual Property Rights: Additional provisions if the domain includes or relates to trademarks or other IP

3. Domain History: Details of past usage and traffic if relevant to the sale value

4. Ongoing Technical Support: Any post-transfer technical support or assistance agreed between parties

5. Non-Compete Provisions: Restrictions on seller's future domain registrations if agreed

6. Confidentiality: If the parties wish to keep the transaction details private

7. Domain Content Transfer: If website content or data is included in the sale

8. Dispute Resolution: Specific dispute resolution procedures beyond standard legal proceedings

What schedules should be included in a Domain Name Sale Agreement?

1. Domain Details Schedule: Technical details of the domain including registration numbers, expiry dates, and hosting information

2. Transfer Procedure: Detailed technical steps for domain transfer process

3. Proof of Ownership: Documentation proving seller's ownership and registration history

4. Payment Schedule: If payment is to be made in installments or involves multiple domains

5. Domain Name Commission Requirements: Specific requirements for .nz domain transfers

6. Current Domain Settings: Technical specifications including DNS settings, mail servers, etc.

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

New Zealand

Publisher

Genie AI

Document Type

Sales Contract

Sector

Sales

Cost

Free to use
Relevant Industries

Technology

E-commerce

Digital Media

Information Technology

Online Retail

Digital Marketing

Professional Services

Telecommunications

Web Services

Digital Asset Management

Relevant Teams

Legal

Information Technology

Digital Operations

Compliance

Business Development

E-commerce

Digital Strategy

Systems Administration

Intellectual Property

Risk Management

Relevant Roles

Legal Counsel

IT Manager

Digital Asset Manager

Chief Technology Officer

Domain Administrator

Compliance Officer

Business Development Manager

E-commerce Manager

Digital Operations Manager

Web Services Manager

Intellectual Property Lawyer

Systems Administrator

Online Business Owner

Digital Strategy Director

Corporate Counsel

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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