Last Revised: 22nd March 2021
If you are selling or purchasing domains on iNET’s Domain Marketplace ("Marketplace"), the following additional terms and conditions ("T&Cs" and/or "Agreement") apply and supplement iNET’s (“Our") Universal Terms of Service. By using Our Domain Marketplace, You explicitly agree to these T&Cs.
To participate in any Marketplace transaction, you must have a valid iNET customer account. You agree to thoroughly, accurately, and honestly complete all forms and requests for information by iNET throughout the Transaction process. You understand and agree that iNET will not be responsible for any false or misleading information you provide, whether intentionally or unintentionally.
Domains Sale & purchase
You understand and agree that You are participating in a Listing Transaction by either: (1) placing a Listing in the Marketplace as a seller on behalf of Yourself or a third party ("Seller"); (2) purchasing a domain name in the Marketplace on behalf of Yourself or a third party ("Buyer"); or (3) participating in communications and/or negotiations for the sale or purchase of a domain name in the Marketplace, whether or not such activities result in a completed sale or purchase ("Interested Party" or "Bidder"). Your participation in a Listing Transaction, constitutes an explicit agreement of these T&C’s for yourself and/or the third party you represent. You further agree to pay any and all fees, if any, to iNET as set forth on our web site.
Payment and Transfer
You understand and agree that these payment and transfer terms apply to Listing Transactions wherein the Listing specifies a fixed price ("Domain Sale"). You understand and agree that transfer of the domain name from the Seller’s iNET account to the Buyer’s iNET account will not be completed until iNET has received timely and valid payment. You further understand and agree that the transfer by iNET of any such domain name is done without warranty, and iNET expressly disclaims any and all warranties or representations that the transferred domain name does not infringe upon the intellectual property rights of any third party, or that the transferred domain name has any particular amount of time remaining on its term of registration. You understand and agree that, if you buy a domain name by participating in a Domain Sale, a "buy" lock will be placed on the domain name for sixty (60) days, which prohibits transfer of the domain name to another account or another registrar. You understand and agree that, if You sell a domain name by participating in a Domain Sale, You will receive payment for the domain name in the form of account credit, minus a iNET Listing Fee in an amount specified on our web site, after a five (5) day Processing Period. By participating in a Domain Sale transaction, You understand and agree that iNET, without liability to You or any third party, may suspend, delete, cancel, interrupt, reverse or otherwise undo a Domain Sale transaction by reversing payment, deleting account credit, moving a domain name back into a Seller’s account or into a separate holding account, or by taking any other action it deems necessary in its sole discretion in the event of dispute, fraud, abuse, mistake, error, or any other circumstances that iNET determines in its sole discretion to necessitate the interruption or reversal of a Domain Sale transaction.
In the event of a dispute concerning, relating to, or arising out of a Listing Transaction, You understand and agree that iNET shall not participate in any such dispute, except in the limited circumstances explicitly stated herein with regard to the Domain Sale feature, and You explicitly agree not to name iNET as a party to any lawsuit, administrative proceeding or criminal investigation.
Once You have received use, possession, and/or control over the domain You have purchased at auction, normal terms and conditions of domain name registrations as set forth elsewhere in this Agreement apply. You acknowledge and agree that the term of the registration is whatever period is so stated in the expired auction description at the time of closing, or so stated in the domain’s settings and/or summary once placed into your account.
All Sales Final.
All Completed Transactions are final, irreversible, non-refundable, and ineligible for account credit.
If you participate in a Marketplace Transaction, You understand and agree that iNET shall have the right to display certain information, including, but not limited to, the domain name sold or purchased, information about the timing of the sale or purchase, and the eventual sale or purchase price.
You agree that iNET, in its sole discretion and without liability to You for any resulting loss or damages, may take immediate corrective action, including, but not limited to, removal of all or a portion of any Marketplace Listing and/or deletion, suspension, cancellation, termination, or other interruption of Your customer account with iNET, at any time during the term of this Agreement, in the event of notice of any possible violation of this Agreement by You or Your end users, or if such service or account is used in association with morally objectionable activities, or for any reason whatsoever. In such cases, any and all fees paid to iNET shall be non-refundable and ineligible for account credit.
You agree that, from time to time, the Marketplace may be inaccessible or inoperable for any reason, including but not limited to: (I) periodic maintenance procedures or repairs; (II) equipment failures and malfunctions; or, (III) causes beyond iNET control or which are not reasonably foreseeable by iNET, including, without limitation, interruption or failure of telecommunication or digital transmission connections, hostile network attacks, network traffic and congestion, or other failures. You agree that iNET shall not be liable to You or Your end users for any such periods of inaccessibility or inoperability under this provision.
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