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Domain Names: Rent, Lease or Buy?

Domain Names: Rent, Lease or Buy?

According to the U.S. Small Business Administration, more than half a million small businesses are created each year. More and more of these businesses are turning to the Internet, offering their services online instead of in traditional brick-and-mortar stores.

Whether online or in the physical world, the number one rule when it comes to creating a business is: location, location, location. And location on the Internet is your domain name. Once you have determined the right “location” for your business, you then have to decide whether to rent, lease or buy the domain name.

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Domain Name Purchase-Sale Agreement

Domain Name Purchase-Sale Agreement

Domain names are bought and sold every day, often with no legal problems. Just because you have not had a legal snafu, however, does not mean your purchase or sale rights are sufficiently safeguarded.

Currently there is no open-source legal agreement to reference in domain name purchases. Until today, that is. My objective in providing this template is to make the domain name sales process easier for both sides.

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