VEBONIX DOMAIN BROKERAGE SERVICE AGREEMENT
PLEASE READ THIS AGREEMENT CAREFULLY, AS IT CONTAINS IMPORTANT INFORMATION REGARDING YOUR LEGAL RIGHTS AND REMEDIES.
This Domain Brokerage Service Agreement (“Agreement”) is entered into by and between AppCroNix Infotech Private Limited, d/b/a VEBONIX (“VEBONIX”) and you (“User” or “Customer”). This Agreement sets forth the terms and conditions of your use of VEBONIX’s Domain Brokerage services (“Services”). By using the Services, you agree to be bound by this Agreement.
1. DESCRIPTION OF SERVICE
VEBONIX offers a Domain Brokerage Service to assist users with the purchase or sale of registered domain names. Upon application and acceptance into the Service, a VEBONIX domain broker will represent you as the exclusive agent for negotiating the purchase or sale of a domain name.
2. SCOPE OF SERVICES
- 2.1 Buyer Brokerage Service: Users seeking to purchase a domain name can apply for VEBONIX’s Buyer Brokerage Service. Once accepted, a VEBONIX broker will negotiate on your behalf to acquire the domain name specified in your application.
- 2.2 Seller Brokerage Service: Users wishing to sell a domain name can apply for VEBONIX’s Seller Brokerage Service. Upon acceptance, VEBONIX will market your domain to potential buyers and negotiate the sale on your behalf.
3. APPLICATION AND ACCEPTANCE
- 3.1 Application Process: To apply for the Buyer or Seller Brokerage Service, you must complete an application form providing relevant information about the domain name, intended use, budget, and any prior negotiations. Applications can be submitted through VEBONIX’s website.
- 3.2 Acceptance and Assignment: VEBONIX will review your application and notify you of acceptance or rejection within 72 business hours. Upon acceptance, you will be assigned a dedicated domain broker who will guide you through the brokerage process.
4. FEES
- 4.1 Retainer and Commission: Users agree to pay a non-refundable retainer fee upon acceptance of the application. If a transaction is successfully negotiated, a commission based on the final sale price will be due. Fees are detailed on VEBONIX’s current Price List.
5. VEBONIX’S DUTIES
- 5.1 Representation: VEBONIX brokers will act in good faith, negotiating the best possible terms for the user and maintaining confidentiality throughout the process. VEBONIX will not disclose user identity without consent unless required for legal or transaction purposes.
- 5.2 Dual Agency: VEBONIX may represent both buyers and sellers in a transaction but will disclose any potential conflicts and ensure fair representation for both parties.
6. USER OBLIGATIONS
- 6.1 Information Accuracy: Users must provide accurate and complete information during the application process and promptly update VEBONIX of any changes. Failure to do so may result in termination of the Service.
- 6.2 Commitment to Purchase/Sale: Once a broker successfully negotiates a transaction within the agreed terms, the user is obligated to complete the purchase or sale. VEBONIX reserves the right to hold users accountable for breaches of this commitment.
7. LIMITATIONS OF LIABILITY
VEBONIX does not guarantee the availability of domain names, the willingness of parties to complete a transaction, or the successful negotiation of terms. Users acknowledge that VEBONIX is not liable for any damages arising from the use of the Services, except as provided by law.
8. TERMINATION
Either party may terminate this Agreement with written notice. Upon termination, VEBONIX will cease all brokerage activities, and any outstanding fees will become immediately due.
9. MISCELLANEOUS
- 9.1 Changes to Agreement: VEBONIX reserves the right to modify this Agreement at any time. Users will be notified of significant changes, and continued use of the Services constitutes acceptance of the revised terms.
- 9.2 Governing Law: This Agreement shall be governed by the laws of Pune, Maharashtra, India, without regard to its conflict of law principles.
10. ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the parties regarding the Services and supersedes all prior agreements.
BY USING VEBONIX DOMAIN BROKERAGE SERVICES, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THIS AGREEMENT.