Minnesota Domain Name Purchase Agreement

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                             This Domain Name Purchase Agreement is used by companies and individuals located in
                             Minnesota when selling a domain name. This document is intended to ensure that all
                             intellectual property rights are properly transferred to the buyer and the seller receives the
                             agreed value. This document in its draft form contains numerous of the standard clauses
                             commonly used in these types of agreements, as well as optional language to allow for
                             customization to ensure the specific terms of the parties� agreement are addressed.
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                        DOMAIN NAME PURCHASE AGREEMENT


THIS DOMAIN NAME PURCHASE AGREEMENT (the "Agreement") made as of the
____ [Month] ____ [Date], 20____.


BETWEEN:


________________________________________
________________________________________
________________________________________
________________________________________
[Instruction: Insert full legal name and address of the seller of domain name]
                                                            (Hereinafter referred to as the “Seller”)


And


________________________________________
________________________________________
________________________________________
________________________________________
[Instruction: Insert full legal name and address of the buyer of domain name]
                                                            (Hereinafter referred to as the “Buyer”)


WHEREAS, the Seller, a company registered in Minnesota under the laws of the Minnesota
Code, Chapters 300 - 319B - Corporations. [Instruction: Remove this recital (paragraph) if
domain name owner is an individual and not a company]


WHEREAS, Seller owns the Domain Name_________________________ [Instruction: Insert
the full domain name] (the "Domain Names").




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not                  2
WHEREAS, the Seller agrees to sell the above mentioned domain name to the Buyer and the
Buyer agrees to Purchaser the Domain Name on the terms and conditions set forth herein.


NOW THEREFORE, in consideration of the mutual agreements contained in this Agreement,
the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:


1. Assignment and Transfer
   Seller owns the Domain Name and any goodwill associated therewith (hereinafter
   collectively be referred to as the “Domain Name”). Buyer hereby accepts such assignment
   and transfer. Seller hereby irrevocably sells, assigns, and transfers to Buyer all of Seller’s and
   its Affiliates’:
   a. all right, title and interest in and to the Domain Name;
   b. any registered or unregistered trademarks, service marks, copyrights or other intellectual
       property or proprietary rights based on or related to the Domain Name; and
   c. all goodwill associated with the Domain Name.


2. Purchase Price
   The Buyer shall pay the Seller an amount of ___________________ ($________) [ten
   thousand dollars only ($10,000)] (hereinafter “Purchase Price”) for the Domain N
				
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Description: This Domain Name Purchase Agreement is used by companies and individuals located in Minnesota when selling a domain name. This document is intended to ensure that all intellectual property rights are properly transferred to the buyer and the seller receives the agreed value. This document in its draft form contains numerous of the standard clauses commonly used in these types of agreements, as well as optional language to allow for customization to ensure the specific terms of the parties� agreement are addressed.
This document is also part of a package Essential Minnesota Legal Documents 144 Documents Included