I have completed the draft agreement and attach some of the contents below.
Please feel free to suggest the terms and conditions that are mutual beneficial for all parties.
Amendment of the contents will be applied as long as it is mutual beneficial for all parties.
The agreement sequences:
1) Domain agreement to secure the domain (The legal liability for domain owners and us )
2) Joint Development Agreement (Developments disclosure and profit sharing scheme among us).
I have completed the domain draft agreement, with some contents listed :
1. TERM OF THE AGREEMENT: Domain Owner grants Agent the exclusive right and authority to manage the Domain Name for a period of one thousand two hundred (1200) calendar days from the date of declaring one of the ADDENDA to this Agreement (the “Leasing Period”). The ADDENDA to this Agreement shall consist of, but are not limited to, those items submitted by Domain Owner and which are selected and accepted by Agent to secure clients and advertisement. This exclusive right and authority will automatically renew at the end of each period unless agent is notified in writing within 30 days of expiration.
4. ROYALTY
i) In consideration of Agent design and service to Domain Owner hereunder, Agent shall pay to Domain Owner during the effective period of this agreement, the following amounts.
Financial Year end 31th Dec of every year 30% Net Product Profit
ii) Designation of Currency. Etc.
The payments to be made by Agent to Domain Owner under this Agreement shall be made in United States dollars calculated on the basis of the foreign rate adopted by the authorized foreign exchange bank on the day such payments are made and shall be made to the bank or other places which Agent may designate, from time to time, in writing.
6. OBLIGATIONS OF THE AGENT
6.1 Agent shall promote the Domain Name of this agreement and find suitable sources to enhance the awareness of the Domain Name.
6.2 Agent shall develop and maintain at its own cost, sufficient personnel having the knowledge and development necessary to develop potential Domain Names for the Domain Owner.
6.3 Agent shall carry on its operation in a professional manner as a representative of the Domain Owner, and shall conduct itself in a manner that reflects favorably on the Domain Name.
7. AGENT COMPENSATION:
a. Domain Owner agrees to compensate a fee for each or any Name sold (the “Fee”) equal to thirty percent (30%) of the Total Sales Price of such Domain Name.
8. OBLIGATIONS OF THE DOMAIN OWNER
8.1 Domain Owner shall make effort to support all Development efforts and /or plans of the Agent.
8.2 Domain Owner is not allowed to solicit business within Agent premises.
8.3 Domain Owner shall not, without the prior consent of the Agent, use the name of the Agent or any picture or likeness of the Agent.
INTELLECTUAL PROPERTY RIGHTS AND TRADEMARKS
9.1 Domain Owner shall only support Domain Name which is not under any TRADEMARKS with respect of this agreement.
9.2 Domain Owner shall indemnify and defend the Agent against, and hold Agent harmless from, all claims, liability, suits, losses, damages, and expenses (including legal and attorney’s fee’s ) brought by a third party against the Agent arising out of or relating to any intellectual property and trademarks infringement or alleged infringement and/ or brench by the Domainer Owner.
Please feel free to suggest the terms and conditions that are mutual beneficial for all parties.
Amendment of the contents will be applied as long as it is mutual beneficial for all parties.
The agreement sequences:
1) Domain agreement to secure the domain (The legal liability for domain owners and us )
2) Joint Development Agreement (Developments disclosure and profit sharing scheme among us).
I have completed the domain draft agreement, with some contents listed :
1. TERM OF THE AGREEMENT: Domain Owner grants Agent the exclusive right and authority to manage the Domain Name for a period of one thousand two hundred (1200) calendar days from the date of declaring one of the ADDENDA to this Agreement (the “Leasing Period”). The ADDENDA to this Agreement shall consist of, but are not limited to, those items submitted by Domain Owner and which are selected and accepted by Agent to secure clients and advertisement. This exclusive right and authority will automatically renew at the end of each period unless agent is notified in writing within 30 days of expiration.
4. ROYALTY
i) In consideration of Agent design and service to Domain Owner hereunder, Agent shall pay to Domain Owner during the effective period of this agreement, the following amounts.
Financial Year end 31th Dec of every year 30% Net Product Profit
ii) Designation of Currency. Etc.
The payments to be made by Agent to Domain Owner under this Agreement shall be made in United States dollars calculated on the basis of the foreign rate adopted by the authorized foreign exchange bank on the day such payments are made and shall be made to the bank or other places which Agent may designate, from time to time, in writing.
6. OBLIGATIONS OF THE AGENT
6.1 Agent shall promote the Domain Name of this agreement and find suitable sources to enhance the awareness of the Domain Name.
6.2 Agent shall develop and maintain at its own cost, sufficient personnel having the knowledge and development necessary to develop potential Domain Names for the Domain Owner.
6.3 Agent shall carry on its operation in a professional manner as a representative of the Domain Owner, and shall conduct itself in a manner that reflects favorably on the Domain Name.
7. AGENT COMPENSATION:
a. Domain Owner agrees to compensate a fee for each or any Name sold (the “Fee”) equal to thirty percent (30%) of the Total Sales Price of such Domain Name.
8. OBLIGATIONS OF THE DOMAIN OWNER
8.1 Domain Owner shall make effort to support all Development efforts and /or plans of the Agent.
8.2 Domain Owner is not allowed to solicit business within Agent premises.
8.3 Domain Owner shall not, without the prior consent of the Agent, use the name of the Agent or any picture or likeness of the Agent.
INTELLECTUAL PROPERTY RIGHTS AND TRADEMARKS
9.1 Domain Owner shall only support Domain Name which is not under any TRADEMARKS with respect of this agreement.
9.2 Domain Owner shall indemnify and defend the Agent against, and hold Agent harmless from, all claims, liability, suits, losses, damages, and expenses (including legal and attorney’s fee’s ) brought by a third party against the Agent arising out of or relating to any intellectual property and trademarks infringement or alleged infringement and/ or brench by the Domainer Owner.
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