Trademark and Domain Name Purchase Agreement

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Trademark and Domain Name Purchase Agreement Powered By Docstoc
					                                 DOMAIN NAME
                                     AND
                         TRADEMARK PURCHASE AGREEMENT
   This Domain Name and Trademark Purchase Agreement (“Agreement”) is made effective as
the ___ day of ____, 20__ (“Effective Date”) by and between _____________________
(“Owner”) and _____________________________________________________ (“Purchaser”).

                                           RECITALS
   WHEREAS, Owner is the legal owner of the World Wide Web domain name “_______” (the
“Domain Name”) and trademark rights in the trademark “______________” (the “Trademark”),
including U.S. Trademark registration No. _____________________ (the “Registration”); and
   WHEREAS, Owner desires to sell the Domain Name and all rights worldwide in and to the
Trademark including, but not limited to, the Registration, to Purchaser and Purchaser desires to
purchase the Domain Name, the Registration, and all other rights of Owner and Owner
worldwide in and to the Trademark, all upon the terms and conditions in this Agreement.
  NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties agree as follows:

1. SALE OF DOMAIN NAME AND TRADEMARK
   1.01. Purchase and Sale of Domain Name. Owner hereby agrees to sell, convey, transfer and
assign to Purchaser and Purchaser hereby agrees to purchase from Owner, upon the terms and
conditions of this Agreement, and effective as of the Effective Date, all of Owner’s right, title
and interest in the Domain Name and all other rights or claims of every type and nature and
wherever situated, real, personal, tangible, intangible or contingent.
   1.02. Purchase and Sale of Trademark. Owner hereby agrees to sell, convey, transfer and
assign to Purchaser and Purchaser hereby agrees to purchase from Owner, upon the terms and
conditions of this Agreement, and effective as of the Effective Date, all of Owner’s right, title
and interest in the Trademark, including, but not limited to, all goodwill associated therewith, the
Registration and all other rights or claims of every type and nature and wherever situated, real,
personal, tangible, intangible or contingent.
   1.03. Purchase Price. As consideration for the sale herein, Purchaser shall pay to Owner the
amount of ___________________($_________________) The consideration shall be paid by
check or by wire transfer to the account of Owner upon the completion of the transfer of
Ownership of the domain name to Purchaser and the receipt by Purchaser of the attached
Assignment of Trademark, executed by Owner and notarized.

    1.04. Cooperation. Owner and Purchaser agree to cooperate in order to allow for a transition
in the use of the Domain Name.
   1.05 Temporary License of Domain Name to Owner. The parties agree that Purchaser will
grant to Owner a license to continue to use the Domain Name for a period of time after the
Effective Date of this Agreement solely for limited transitional purposes. The parties agree that
Purchaser can, in its sole discretion and prior to the expiration of the transition period, request
Owner in writing to continue to host web sites using the Domain Name for a further period of
time as shall be mutually agreed between the parties. If Purchaser has not requested Owner to
continue to host web sites during the transition period, the parties agree that Owner shall have no
further obligation or authority to host web sites using the Domain Name and Purchaser shall
have no further obligation to allow Owner or its customers to make any further use of the
Domain Name or any sub-domains and Owner will cease using or supporting the Domain Name
and all sub-domain URL
				
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posted:3/13/2012
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Description: Trademark and Domain Name Purchase Agreement
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