A memorable domain name can make or break an Internet business. The ease with which users recall a domain name and revisit a Web site is vital to e-commerce success. A well-drafted domain-name transfer agreement is mandatory for an e-commerce venture seeking to protect its intellectual property during the purchase of a domain name.

To illustrate, consider a company that sells Christmas ornaments online. The owners are convinced that their success depends on securing the domain name rudolph.com. A visit to the Web site of Network Solutions Inc. (NSI), one of the government-designated domain-name purveyors, reveals that rudolph.com is registered. When contacted, the company that registered the domain name says that it will transfer ownership of the name for $5,000. The ornament sellers ask their attorney to draft an agreement for the transfer of rudolph.com.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]