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When the owner of a website desires to launch his business to worldwide on the internet. He has to register a domain name which is refer to as the URL. There are certain registration companies that provide these services for website owners and companies. When a client approaches such services provider for domain name registration. The client and services provider create and sign a domain name registration agreement. The most important thing in this agreement is the specific URL to register, duration for registration, compensation or registration fee and legal rights of the client on the ULR for resale or transfer of ownership of the website to new buyer.
Brief Description of Domain Name Registration Agreement:
A few years back, no one could estimate the potential in internet business and online marketing. But these days, Internet has become the most important part of our lives. It is the key element in businesses and organizations. Without internet, most of the time, it is not possible to handle a company except if you run a local or very small business in your hometown that can be handled without internet. When we talk about internet, there is only one thing that is important and it’s the website. Website is like a virtual platform that a company or business provides for its customers so that they can interact with the company and do some business together. Users and internet visitors search websites with the URL or domain names and thus, it is very important to have a domain name and without it, it is not possible to run a website.
There are several companies in which you can register your required domain name for a specific period of time i.e. a year and after that, you will need to renew the registration or the domain name will be given to someone else who is willing to pay for the registration. It is possible to acquire a domain name for lifetime but even with paying thousands of dollars, the legal rights and ownership of the domain name remains with the registration company. In this process, an agreement is signed between the client and the registration company in order to include all the terms and conditions for the deal and this agreement is known as the domain name registration agreement. Usually this agreement includes the specific domain name, compensation or registration fee for it, duration or renewal of the registration and legal rights and obligations of each party.
Key Elements to add in the Domain Name Registration Agreement:
- Name of the client/company that wants the registration
- URL of the website to register
- Name of the registrar/registration company
- Details of the domain name to register
- Legal rights and ownership details of the domain name
- Reselling and transfer of ownership of the domain name
- Rates, compensations and payment schedules for registration
- Duration to renew the agreement
- Terms and conditions of the agreement
- Mutually agreed clauses of the agreement
- Termination and validation of the agreement
- Results of violation of the agreement
- Signature of both parties i.e. client and registrar
Free Domain Name Registration Agreement Templates
Download all these Free Domain Name Registration Agreement Templates Templates that can easily help you to prepare your own Domain Name Registration Agreement effectively.