REF: DOMAIN-WEBSITE-TRANSFER-AGREEMENT DOMAIN WEBSITE TRANSFER AGREEMENT
THIS DOMAIN AND WEBSITE ASSET PURCHASE AGREEMENT (the "Agreement") is executed on this [Agreement Date] (the "Effective Date"), by and between:
THE SELLER:
[Seller Full Name], residing / having place of business at [Seller Residential / Business Address] (hereinafter referred to as the "Seller", which expression shall, unless repugnant to the context, include their legal heirs, executors, administrators, and permitted assigns) of the FIRST PART;
AND
THE BUYER:
[Buyer Full Name / Enterprise], residing / having place of business at [Buyer Residential / Business Address] (hereinafter referred to as the "Buyer", which expression shall, unless repugnant to the context, include its successors-in-interest, legal representatives, and permitted assigns) of the SECOND PART.
WHEREAS:
A. The Seller is the registered owner of the Internet domain name [Transferred Domain Name] and the creator/proprietor of the digital website and assets operating at [Website Public URL].
B. The Seller has agreed to sell, transfer, assign, and convey to the Buyer, and the Buyer has agreed to acquire all rights, title, interest, and intellectual property associated with the domain name and digital website on the terms set forth herein.
NOW, THEREFORE, the Parties agree as follows:
1. TRANSFERRED ASSETS AND DIGITAL PROPERTY
1.1 The Seller hereby agrees to sell, assign, and permanently transfer to the Buyer the following assets (collectively, the "Transferred Assets"):
(a) The Internet domain name: [Transferred Domain Name];
(b) The website and digital portal accessible at: [Website Public URL];
(c) All associated digital collateral, databases, and assets described as:
[Included Digital Assets & Intellectual Property]
1.2 The transfer includes all copyrights, trademarks, goodwill, customer databases, trade dress, and brand assets associated with the website.
2. PURCHASE CONSIDERATION AND PAYMENT MECHANISM
2.1 In consideration of the full transfer of the Transferred Assets, the Buyer shall pay to the Seller the total sum of INR [Total Purchase Consideration (INR)] (Indian Rupees).
2.2 The payment shall be executed via: Escrow Service.
2.3 Where escrow is utilized, the escrow entity shall be: [Escrow Agent / Account Provider]. The Buyer shall deposit the full consideration into the escrow account prior to the release of transfer credentials. Upon verified registrar domain transfer and asset delivery, the escrow funds shall be released to the Seller.
2.4 Escrow processing fees, if any, shall be borne equally by the Seller and the Buyer.
3. TRANSFER PROCEDURE AND TIMELINE
3.1 The Parties shall adhere to the following transfer schedule: [Asset Transfer Schedule & Deadline].
3.2 Domain Handover: The Seller shall unlock the domain name at its current domain registrar, disable Whois privacy shields, generate the official EPP/Auth-Info transfer code, and provide it to the Buyer.
3.3 The Buyer shall initiate the domain transfer request at the recipient registrar. The Seller covenants to approve the transfer authorization email within twenty-four (24) hours of receipt.
3.4 Digital Assets Handover: The Seller shall deliver all source code archives, database dumps, graphic originals, and administrative credentials for associated third-party service accounts.
4. SELLER REPRESENTATIONS AND WARRANTIES
4.1 The Seller covenants and warrants the following:
[Seller Title Warranties & Disclaimers]
4.2 The Seller warrants that the domain name is free and clear of all liens, mortgages, pledges, encumbrances, or security interests.
4.3 The Seller represents that there are no pending domain dispute proceedings under the Uniform Domain-Name Dispute-Resolution Policy (UDRP) or the .IN Dispute Resolution Policy (INDRP), nor any pending litigation in Indian courts.
5. ASSIGNMENT OF INTELLECTUAL PROPERTY
Pursuant to Section 19 of the Copyright Act 1957, the Seller hereby irrevocably assigns, transfers, and conveys to the Buyer all worldwide copyrights, intellectual property rights, moral rights (to the fullest extent waivable by law), and operational goodwill in the website, graphics, text, and database schemas upon full realization of the purchase consideration.
6. POST-TRANSFER COVENANTS
6.1 The Seller covenants that from the date of domain transfer, the Seller shall not use, register, or assist any third party in registering any domain name confusingly similar to [Transferred Domain Name].
6.2 The Seller shall forward to the Buyer any customer inquiries or correspondence mistakenly received regarding the domain for a period of ninety (90) days following transfer.
7. INDEMNITY
The Seller agrees to defend, indemnify, and hold harmless the Buyer against any claims, losses, or legal liabilities arising from pre-existing trademark disputes, copyright infringements, or unpaid liabilities incurred by the Seller prior to the Effective Date.
8. GOVERNING LAW AND DISPUTE RESOLUTION
This Agreement shall be governed by and interpreted pursuant to the laws of India, including the Indian Contract Act 1872 and the Information Technology Act 2000. Any dispute arising out of this Agreement shall be resolved through arbitration before a sole arbitrator in India in accordance with the Arbitration and Conciliation Act 1996.
IN WITNESS WHEREOF, the Parties hereto have signed this Domain Website Transfer Agreement as of the date first above written.
SELLER:
Signature: ___________________________
Name: [Seller Full Name]
Address: [Seller Residential / Business Address]
Date: [Agreement Date]
BUYER:
Signature: ___________________________
Name: [Buyer Full Name / Enterprise]
Address: [Buyer Residential / Business Address]
Date: [Agreement Date]
SCHEDULE OF TERMS, COVENANTS & CONDITIONS(6 ACTIVE CLAUSES)
1. TENURE & TERM OF LEASE: The term of this lease/tenancy shall be for a fixed duration of {{duration_months}} months commencing on {{commencement_date}} and terminating on {{expiry_date}} unless renewed by mutual consent.
2. MONTHLY RENT & DUE DATE: The Second Party covenants to remit a monthly rent of Rs. {{monthly_rent}} payable in advance on or before the {{rent_due_day}} day of each calendar month.
3. REFUNDABLE SECURITY DEPOSIT: The Second Party has deposited an interest-free refundable security sum of Rs. {{security_deposit}} with the First Party, returnable within 7 banking days of vacant handover.
4. PERMITTED USE OF PREMISES: The demised premises shall be utilized exclusively for lawful residential dwelling purposes and shall not be converted into commercial or industrial use.
5. STATUTORY ARBITRATION (ACT 1996): Any dispute arising hereunder shall be referred to a sole arbitrator appointed mutually under the Arbitration and Conciliation Act, 1996, with seat of arbitration in the execution city.
6. SUB-LEASE & ASSIGNMENT PROHIBITION: The Second Party is strictly prohibited from sub-letting, parting with possession, or assigning any portion of the premises to third parties without prior written consent.
ATTESTATION BY INDEPENDENT WITNESSES (AS PER APPLICABLE LAW)
First Witness
Signature:
Full Name:
Parent / Spouse:
Address:
Govt ID / Aadhaar:
Second Witness
Signature:
Full Name:
Parent / Spouse:
Address:
Govt ID / Aadhaar:
