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Domain Sale Agreement Template for Singapore

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Key Requirements PROMPT example:

Domain Sale Agreement

"I need a Domain Sale Agreement to sell my e-commerce website domain to a Singapore-based buyer for SGD 50,000, with payment to be made through an escrow service and transfer to be completed by March 2025."

Document background
The Domain Sale Agreement is essential when transferring ownership of domain names in Singapore. This document is commonly used when businesses or individuals wish to acquire or sell domain names, whether for branding, investment, or strategic purposes. It ensures compliance with Singapore's Electronic Transactions Act and SGNIC requirements while protecting both parties' interests through clear transfer procedures and warranties. The agreement typically includes technical specifications, payment terms, and transfer processes, making it particularly important for high-value domain transactions or cases involving business-critical domains.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal details

2. Background: Context of the sale and current ownership status

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase: Core terms of the transfer including price and payment terms

5. Transfer Process: Detailed steps for domain transfer

6. Representations and Warranties: Seller's guarantees regarding ownership and domain status

7. Governing Law: Singapore law jurisdiction clause

Optional Sections

1. Escrow Arrangements: Used for high-value transactions requiring third-party escrow services

2. Intellectual Property Rights: Additional IP transfer provisions for domains with associated trademarks or content

3. Non-Competition: Restrictions on seller's future activities for business-related domains

Suggested Schedules

1. Domain Details Schedule: Technical details of domain including registration date, registrar information

2. Transfer Procedure: Step-by-step technical process for domain transfer

3. Due Diligence Results: Domain valuation and history documentation

Authors

Alex Denne

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

Relevant legal definitions























Clauses

























Industries

Electronic Transactions Act: Singapore's primary legislation governing electronic transactions and digital signatures, crucial for validating the online transfer of domain ownership

Copyright Act: Legislation protecting original works, relevant for any copyright-protected content associated with the domain

Trade Marks Act: Governs trademark protection in Singapore, important for domain names that may incorporate trademarked terms

Singapore Domain Name Dispute Resolution Policy: Framework for resolving domain name disputes in Singapore, essential for including dispute resolution clauses

Personal Data Protection Act: Regulates the collection, use, and disclosure of personal data, relevant for transferring domain ownership information

SGNIC Policies: Singapore Network Information Centre's regulations governing .sg domain registrations and transfers

ICANN Regulations: International domain name governance rules that must be complied with for domain transfers

Registry-Registrar Agreement: Standard requirements for domain transfers between registrars that must be reflected in the sale agreement

Singapore Contract Law: General contract law principles under Singapore jurisdiction that govern the formation and execution of the agreement

Unfair Contract Terms Act: Legislation preventing the inclusion of unfair terms in contracts under Singapore law

Sale of Goods Act: While not directly applicable, provides analogous principles for the sale of digital assets like domains

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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