Use & save this template:
Co-Ownership Agreement

A Domain Co-Ownership Agreement is a contract between two or more parties who share ownership of a domain name. It sets out the rights, responsibilities, and decision-making processes for managing and potentially selling the domain.

This agreement helps prevent misunderstandings by clearly defining each party’s ownership share, how decisions are made, and what happens if one party wants to sell their interest in the domain. It provides a framework for handling disputes and protects each co-owner’s interests.

A typical domain co-ownership agreement includes:

• Percentage ownership of the domain for each party
• How income, costs, and expenses are shared
• Decision-making processes, including voting rights
• Rules for selling ownership interests
• Procedures for resolving disputes between co-owners

Each party’s decision-making power is usually based on their ownership percentage. For example, if one co-owner holds 60% of the domain, they get 60% of the voting power. If there’s a tie in decision-making, the agreement provides steps for resolving the deadlock.

The agreement typically restricts the sale of domain interests without the approval of all co-owners. This ensures that no party can sell their share without consent, protecting the interests of everyone involved. There may be conditions in place for how sales are handled if a third-party offer is made.

The agreement includes a clear process for resolving disputes. If the parties can’t agree, they may be required to sell their ownership stake to the other co-owner or engage in mediation or arbitration, depending on the terms set in the agreement.

If one co-owner wants to sell their share, they must usually notify the other co-owners and follow specific procedures outlined in the agreement. This might include offering their share to the other co-owners first or finding a third-party buyer that all co-owners agree upon.