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The Domain Sale Agreement is essential for any transaction involving the transfer of domain name ownership in the Philippines. This document is specifically designed to comply with Philippine electronic commerce laws and regulations, including the Electronic Commerce Act of 2000 (RA 8792) and relevant provisions of the Civil Code. It becomes necessary when a domain owner wishes to sell their domain name to another party, whether for business expansion, digital asset acquisition, or portfolio management. The agreement covers crucial aspects such as ownership verification, transfer procedures, payment terms, and warranties, while ensuring compliance with Philippine domain registration requirements and cybersecurity regulations. It protects both parties by clearly defining their rights and obligations, transfer processes, and dispute resolution mechanisms.

1. Parties: Identification of the Seller and Buyer with complete legal names and addresses

2. Background: Context of the sale, including current ownership status and intent to transfer

3. Definitions: Key terms used in the agreement including 'Domain Name', 'Registration Rights', 'Transfer Date', etc.

4. Sale and Purchase: Core terms of the domain name transfer and purchase price

5. Transfer Process: Detailed procedure for transferring the domain name ownership

6. Payment Terms: Payment amount, method, and timing requirements

7. Seller's Representations and Warranties: Seller's guarantees regarding domain ownership, rights to sell, and absence of disputes

8. Buyer's Representations and Warranties: Buyer's guarantees regarding legal capacity and compliance with terms

9. Domain Name Status: Current registration status, expiry date, and hosting details

10. Closing Requirements: Conditions that must be met to complete the transfer

11. Governing Law and Jurisdiction: Specification of Philippine law application and jurisdiction

12. Dispute Resolution: Process for resolving any disputes related to the agreement

13. Notices: How formal communications between parties should be made

14. General Provisions: Standard clauses including entire agreement, amendments, and severability