Document background
The Domain Name Sale Agreement is a crucial legal instrument used when transferring ownership of domain names in the Philippines. This document is essential when businesses or individuals wish to sell or acquire domain names, ensuring a legally binding and secure transfer process. The agreement must comply with Philippine legislation, particularly the Electronic Commerce Act of 2000 and the Civil Code of the Philippines, while also adhering to international domain name regulations and ICANN policies. It typically includes comprehensive details about the domain name(s), purchase price, payment terms, transfer procedures, warranties, and representations from both parties. The document is particularly important for protecting both parties' interests, ensuring clear ownership transfer, and establishing a framework for resolving any potential disputes under Philippine jurisdiction.
