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Terms

Terms and Conditions of Purchase - Domain Names

 

I (the "BUYER"), agree to the following terms offered by Idle Rich Ltd (the "SELLER"), in connection with the purchase of a Domain Name for the Purchase Price I have been quoted.

 

1. TERM OF OFFER

The Purchase Price that the BUYER has been quoted is non-exclusive and valid for a period of seven (7) calendar days. Acceptance of any offered Purchase Price is solely contingent on receipt of payment in full in the manner stated in Section 2. Prior to performance of BUYER's payment obligation hereunder, SELLER retains the right to offer and sell the Domain Name to any third party at the SELLER's sole discretion.

 

2. MANNER OF PAYMENT

Payment is to be made by BUYER by: 

(i) PayPal

(ii) Stripe

(iii) Credit or Debit card

(iv) Bank or wire transfer via Transferwise.com or Escrow

 Bank and/or transfer fees will be split equally between SELLER and BUYER.

 

2. TRANSFER OF DOMAIN NAME

Upon SELLER's confirmation of receipt of full payment of the Purchase Price and receipt of BUYER's domain registration data (WHOIS data), the SELLER shall (a) transfer, or be authorized as agent to transfer, the Domain Name to an account setup by the BUYER with the relevant registrar, and (b) to establish BUYER as the registrant of the Domain Name in accordance with the WHOIS data provided, within three business days. The domain name shall be deemed transferred to the BUYER once the BUYER accepts the transfer of the domain name within their registrar’s account. Acceptance of the transfer must be made within five days of transfer. Failure to accept and complete the Domain Name transfer within five days may incur an administration fee of $75 per SELLER intervention.

  

3. CONDITIONS AND EFFECTS OF DEFAULT

Failure of payment of the Purchase Price within the time specified shall terminate this Agreement, and SELLER shall have no obligation hereunder.

Failure by SELLER to effect transfer of the Domain Name in accordance with the terms of this Agreement shall entitle the BUYER to a full refund of the Purchase Price. The SELLER agrees to pay any costs directly related to the transaction, such as payment fees, bank wire charges and Escrow.com fees. The SELLER is not responsible for any indirect costs or consequential loss.

 

4. INDEMNIFICATION AND WARRANTIES

SELLER warrants it has authority to engage in the transaction contemplated hereby, and warrants good and marketable title to the Domain Name.

BUYER warrants the domain registration data, known as WHOIS data, includes reliable contact details including: the full name, postal address, email address, voice telephone number, and fax number if available, in compliance with the domain registration terms of the registrar.

BUYER warrants that it has full legal capacity to enter into this Agreement, and authority to do so on behalf of any registrant identified in the WHOIS data provided by BUYER.

BUYER shall be solely responsible for determining its right to use, and shall be solely liable for its use, mis-use, or any action by BUYER causing impairment or loss of the Domain Name subsequent to transfer thereof to BUYER. BUYER shall indemnify, defend, and hold harmless the SELLER against any loss or damage (including all attorney’s fees, costs and other expenses) arising from claims of a third party for conduct arising from BUYER’S use of the Domain Name.

BUYER EXPRESSLY AGREES THAT IT IS PURCHASING RIGHTS TO THE DOMAIN NAME AT ITS SOLE RISK. OTHER THAN AS PROVIDED IN THIS AGREEMENT, SELLER DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR ANY PARTICULAR PURPOSE OR NON-INFRINGEMENT OF ANY THIRD PARTY INTELLECTUAL PROPERTY RIGHT. SELLER DOES NOT MAKE ANY WARRANTY THAT THE DOMAIN NAME(S) WILL MEET BUYER’S REQUIREMENTS, OR THAT BUYER WILL BE ABLE TO ATTAIN ANY SPECIFIC RESULTS OR VALUE ASSOCIATED WITH THE DOMAIN NAME(S) OR THE USE THEREOF.

 

5. NO OTHER TERMS

Unless otherwise provided in a signed writing, these Terms of Purchase constitute the sole and full agreement between BUYER and SELLER in connection with the Domain Name. Upon transfer of the Domain Name as provided under Section 2, sale of the Domain Name will be final and non-refundable for any reason.

 

6. DISPUTES

This Agreement shall be enforceable under the laws of the United Kingdom, and BUYER consents to personal jurisdiction of the courts of the United Kingdom for adjudication and enforcement of any dispute arising hereunder.

 

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