This 24hournames.com Domain Transfer Agreement (this “Agreement”) is entered into by and between 24hournames.com, (“24hournames”) and the Buyer; It is made effective as of the date of electronic acceptance. This Agreement sets forth the terms and conditions for 24hournames.com’s Domain Transfer (“Domain Transfer”). Your acceptance of this Agreement indicates that you have read, understood and agreed to the terms of this Agreement, along with 24hournames.com’s User Agreement, which is hereby incorporated by reference.

1. Description of Domain Transfer

Domain Transfers offers Buyers 24hournames’s assistance with the transfer of an Internet domain name (“Domain”) after purchase.

2. Fees and Related Costs

Domain Transfer is provided for free to Buyers.

3. Management of Domain Transfers

3.1 Reaching an Agreement

In the event that an agreement has been reached with the Buyer, 24hournames.com shall provide a standard online purchase and sale contract for Buyers that is automatically tailored to the sale of the Domain that was the subject of negotiation.

3.2 Payment

After reaching agreement for the purchase a Domain, the Buyer shall make payment to the escrow agent, namely Undeveloped.com, where it will be safeguarded until transfer of Domain registration has been completed. Upon transfer, the Buyer is asked to promptly remit payment of the amount negotiated.

The purchase price for the Domain shall be the price in the currency as identified in the purchase and sale between the Buyer and Seller which is in US Dollar (USD). The Buyer shall not be entitled to demand to remit payment of the purchase price in another currency.

3.3 Transfer of Domain

Once Undeveloped.com indicates the receipt of the full amount of the purchase price, the Seller shall immediately transfer the Domain Name to the escrow agent (Undeveloped.com), who will then hand it over to the Buyer.

3.4 Successful Transfer and Payment of Purchase Price

Upon successful transfer of the Domain Name to the Buyer, the escrow agent shall release the full purchase amount to the Seller.

3.5 Unsuccessful Transfer and Repayment

In the event that the transfer of Domain registration is ultimately unsuccessful for reasons unrelated to Buyer, the full payment of the Domain’s purchase price submitted to Undeveloped.com shall be returned to the Buyer.

3.6 Proof of Purchase/Requests for Tax Information

If the Buyer requires an invoice of the purchase and sale transaction, it will be provided by the Escrow Agent after successful transfer of the Domain Name.

 

 

1. Introduction

This 24hournames.com Domain Transfer Agreement (this “Agreement”) is entered into by and between 24hournames.com, (“24hournames”) and the Buyer; It is made effective as of the date of electronic acceptance. This Agreement sets forth the terms and conditions for 24hournames.com’s Domain Transfer (“Domain Transfer”). Your acceptance of this Agreement indicates that you have read, understood and agreed to the terms of this Agreement, along with 24hournames.com’s User Agreement, which is hereby incorporated by reference. Any capitalized terms not defined within this Domain Transfer Agreement shall have the meaning as described in the 24hournames.com User Agreement.

24hournames.com may, in its sole discretion, change or modify this Agreement at any time after a reasonable notification period, usually no less than two weeks, and, unless 24hournames.com receives your written objection to the modified terms of the Agreement within the notification period, such changes shall be effective upon posting to the 24hournames.com website (“Site”). You acknowledge and agree that (i) 24hournames.com may notify you of such changes or modifications by posting them to the Site and (ii) your use of the Site or the Services found at the Site after the Effective Date at the top of this page, shall constitute your acceptance of this Agreement as last revised. If you do not agree to be bound by this Agreement as last revised, do not use (or continue to use) the Site or the Services found on the Site.

  1. Description of Domain Transfer

Domain Transfer offers domain buyers (“Buyers”) 24hournames’s assistance with the transfer of a registration, or legal right to register, an Internet domain name (“Domain”) after purchase.

  1. Fees and Related Costs

Domain Transfer is provided for free to Buyers.

When a Domain is transferred from 24hournames to the Buyer, based upon their respective registry and registrar providers, can incur further costs. The responsibilities for these payment obligations are solely placed on the Buyer.

  1. Management of Domain Transfer
    4.1. Reaching an Agreement

In the event that a purchase and sale agreement has been reached with the Buyer, 24hournames.com shall provide a standard online purchase and sale contract for Buyers that is automatically tailored to the sale of the Domain that was the subject of negotiation.

4.2. Obligation of Buyer to Make Payment to Designated Bank Account

After reaching agreement for the purchase and sale of a Domain, 24hournames.com shall contact the Buyer via email to request the transfer of the purchase price amount due to a Undeveloped.com account, where it will be safeguarded on both parties behalf until transfer of Domain registration has been completed. Upon transfer, the Buyer is obligated to promptly remit payment of the amount negotiated.

4.3. Transfer of Domain

Once Undeveloped.com indicates the receipt of the full amount of the purchase price to be held on both parties behalf, the process of transferring or assigning registration of the Domain from 24hournames.com to the Buyer shall commence. 24hournames can only ensure the prompt and orderly transfer of Domain ownership if 24hournames’s instructions to the Buyer are strictly followed. As such, the Buyer is obligated to provide the required cooperation to 24hournames. In addition to being a material breach of this Agreement, failure to cooperate may be considered as a material breach of the relevant purchase and sale agreement.

4.4. Successful Transfer and Payment of Purchase Price

Upon successful transfer of the Domain to the Buyer, Buyer should ensure to notify Undeveloped.com of payment of the purchase price owed to the Seller so that it can be remitted in a timely manner. A successful transfer of ownership of the Domain has taken place when the Buyer has gained technical control of the Domain and is capable of updating the Domain’s WHOIS record.

If a Buyer does not take over technical control of a Domain within sixty (60) days after 24hournames hands over control of the Domain, 24hournames will not extend the Domain registration period. This may result in the lapse or expiration of the Domain. Buyer agrees to hold 24hournames harmless and will not be compensated for this loss.

The purchase price for the Domain shall be the price in the currency as identified in the purchase and sale between the Buyer and Seller which is in US Dollar (USD). The Buyer shall not be entitled to demand to remit payment of the purchase price in another currency.

4.5. Unsuccessful Transfer and Repayment

In the event that the transfer of Domain registration is ultimately unsuccessful for reasons unrelated to Buyer, the full payment of the Domain’s purchase price submitted to 24hournames shall be returned to the Buyer. There shall be considered to be no ultimate failure of the transfer, and therefore no return of the purchase price to Buyer, if the unsuccessful transfer of the Domain to the Buyer is solely due to the fact that the Buyer has not undertaken the further required cooperative actions required upon his/her part after the payment of the purchase price. 24hournames will use its best efforts to effectuate the purchase and sale of a Domain and if a purchase and sale agreement has been made with a Buyer, absent new, material information presented to 24hournames, or unless the Buyer is claiming breach of contract or anticipatory breach of contract, 24hournames will continue to proceed with the Domain Transfer.

4.7. Proof of Purchase/Requests for Tax Information

If the Buyer requires an invoice of the purchase and sale transaction, the Buyer needs to inform 24hournames of this request prior to the completion of the Domain Transfer. 24hournames will then comply with such request.