Assignment of Domain Names to Escrow Agent Clause Samples

The "Assignment of Domain Names to Escrow Agent" clause designates that ownership or control of specified domain names will be transferred to an escrow agent for the duration of a transaction or agreement. In practice, this means that the seller or current holder of the domain names must formally assign the domains to a neutral third party, who will hold them until certain conditions—such as payment or completion of contractual obligations—are met. This arrangement ensures that both parties are protected: the buyer is assured the domains will be available upon fulfillment of their obligations, and the seller retains security that the domains will not be released prematurely, thereby reducing the risk of default or fraud.
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Assignment of Domain Names to Escrow Agent. On , 2016, Lessor will transfer title to the Domain Name to Escrow Agent in trust for the benefit of Lessee and Lessor as set forth in the Lease. Escrow Agent agrees to hold by private registration, and subsequently transfer title to the Domain Name as set forth in this Agreement. Lessor shall take all steps necessary to transfer such registration of the Domain Name with any third party registrar as selected by Escrow Agent so that the “WHOIS” information will be privately registered in the Escrow Agent’s name for the duration of this Escrow. All communications with the registrar of the Domain Name thereafter shall be sent directly to, and made by Escrow Agent.
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Assignment of Domain Names to Escrow Agent. On , 2016, Seller will transfer title to the Domain Names to Escrow Agent in trust for the benefit of Purchaser and Seller and Escrow Agent agrees to hold by private registration, and subsequently transfer title to the Domain Names as set forth in this Agreement. Seller shall take all steps necessary to transfer such registration of the Domain Names with any third party registrar as selected by ▇▇▇▇▇▇.▇▇▇ so that the “WHOIS” information will be privately registered in the Escrow Agent’s name for the duration of this Escrow. All communications with the registrar of the Domain Names thereafter shall be sent directly to, and made by Escrow Agent.
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Related to Assignment of Domain Names to Escrow Agent

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  • Patent Assignment Seller hereby sells, assigns, transfers and conveys to Purchaser all right, title and interest it has in and to the Patents and all inventions and discoveries described therein, including without limitation, all rights of Seller under the Assignment Agreements, and all rights of Seller to collect royalties under such Patents.

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