//Rental Agreement

Rental Agreement

Thank you for taking the opportunity to rent one of our domains. With several domains to choose from, we are confident that you will find a domain suitable for your project.

Please read the following document very carefully as this makes up the rental agreement between you and Folio365.

By this agreement dated on the date provided below, the Owner, Folio365 and the Renter named at the bottom of this document agree to the following terms and conditions:

Date of Agreement

1. DOMAIN NAME(S) SUBJECT TO RENT:
You can only rent one domain at a time. To rent multiple domains, please email folioteam@folio365.com for a multiple domains rental agreement.

The Owner shall rent out the following domain name(s): *

2. PAYMENT TERMS:
The Renter must make a payment of $25 per month for the duration of the rent. Payment must be made before the domains will be forwarded to the website of the Renter. All transactional charges arising from the use of third-party payment methods will be paid by the Renter.
( Payoneer account required )

Domain Rent 3 Months $75.00Domain Rent 6 Months $150.00

3. DOMAIN REGISTRATION:
The Owner will remain responsible for the validity of the domain registration for the entire duration of the rent, and must keep the registration current. However, the Owner cannot be held responsible for any actions or errors of the Registrar.

4. RENT TERM:
This rent will begin on the date indicated above and will end 3 or 6 months (depending on the duration picked by Renter) from that date. At the end of which the Renter may choose to renew this rent. The Owner is not obligated to accept a renewal.

5. APPROPRIATE USE OF DOMAIN NAMES:
The domain name(s) may only be used for appropriate websites that fit the names, and they must comply with all regulations, ordinances and laws regarding the possession or use of those domain names. Domains MUST NOT be used for any kind of adult content (except specified otherwise by the Owner), the sale of firearms, sending spam, high content door pages, black-hat SEO techniques, cloaking, trademark/copyright infringement or any other questionable/illegal uses. Any default on the above gives the Owner the right to deny access to the domain name(s) and terminate this agreement immediately.

The domain name(s) shall be used for the following:

Domain Usage *

6. DOMAIN NAME DELIVERY:
The Owner will be responsible for delivering the domain name(s) indicated in this rent within the specified timeframe by means of pointing the nameserver to the Renter's website:

Nameserver One *
Nameserver Two *
Nameserver Three
Nameserver Four

Delivery of the domain(s) will be considered complete after these changes have been finalized. The Owner must complete the transfer within fifteen (15) days. If the Owner is unable to complete the transfer for reasons beyond his/her control, the Owner must extend the date of the rent to correspond to a full 3 or 6 month term (depending on the duration picked by the Renter).

7. DOMAIN NAME ACTIVATION:
The Renter must activate the domain(s) within 30 days from delivery with an appropriate website as defined by this Rent.

8. ALTERATIONS:
The Renter must not make any alterations to the domain name(s) use without obtaining prior written consent from the Owner.

9. WEBSITE MAINTENANCE:
The Renter must pay to maintain an appropriate website that is open for business with at least 97% up time at the location of the domain name(s).

10. RIGHT OF INSPECTION:
The Owner retains the right to inspect any of the websites located at the domain name(s) during normal business hours to ensure that the domain is used appropriately as stipulated in this agreement.

11. RETURN OF DOMAIN NAMES:
At the end of the Rent term, the Owner may choose to move the domain name(s) to another nameserver or Renter at the Owner’s expense.

12. RENEWAL OPTION:
If the Renter has paid in full once the rent expires, the Renter will have the first option to renew the rent of the domain name(s) at a renegotiated rate.

13. PURCHASE OPTION:
At the end of the rent term, as long as there are no outstanding payments, the Renter may choose to purchase the domain name(s) for a price that will be negotiated. The Owner is not obligated to accept the Renter's offer.

The Renter must advise the Owner of this option by providing written notice at least 30 days before the rent term ends

14. ACCEPTABLE DOMAIN NAMES:
The Renter will inspect each domain name delivered according to this rent. The Renter must notify the Owner immediately if any discrepancies exist between the domain name(s) received and those described in this rent. If the Renter fails to provide written notice within 15 days after delivery of the domain name(s), it’s assumed the Renter has accepted the specified domain name(s).

15. DOMAIN NAME OWNERSHIP & STATUS:
Domain name(s) are considered personal property, regardless of their attachment to other websites or property. Hence, the Renter shall not attempt at anytime to register the domain name(s) as a trademark, service mark or trade name. The Owner retains title of these domain names at all times, until the Owner sells the title. The Renter must immediately advise the Owner of any levy, lien, claim or legal process issued against the specified domain names.

16. WARRANTY:
The Owner guarantees that the specified domain names will be in good standing, free of any disputes or claims and registered in the Owner’s name. However, no further express or implied warranties exist.

17. DAMAGE TO REPUTATION:
The Renter is responsible for any damage to the reputation of the domain names, and agrees to return them to the Owner in the same condition they were initially received, with the exception of normal usage. Any illegal use, spamming or unreliability of operation or service of the domain names are all examples of damage to reputation.

18. INDEMNITY OF DAMAGES TO REPUTATION:
If a domain name’s reputation is damaged, the Owner may require the Renter to purchase the domain name at a price stipulated by the Owner.

19. LIABILITY & INDEMNITY:
The Renter is responsible for any loss of reputation or any legal action, and the Renter can not hold the Owner responsible for such liabilities.

20. DEFAULT:
Any of the following conditions constitutes a rent default:
• The failure to make required payment within the specified timeframe.
• The violation of any other provision or requirement that isn’t corrected within 20 days of receiving written notification.
• The Renter's insolvency or bankruptcy.
• Seizure, application or sale of the Renter's property by any government agency or creditor.
• Using the name for purposes not stipulated in this agreement.

21. DEFAULT RIGHTS:
The Owner may legally take possession of the domain names and deduct all recovery, restoration of reputation and associated costs without prior notice if the Renter is in default. In this case, the Renter will be responsible for any deficiency. These rights are cumulative. The Owner must release the domain names or mitigate any default damages if legally required to do so.

22. NOTICE:
All notices associated with this rent are considered delivered when emailed or delivered in person or sent in a postage-prepaid envelope addressed to the address indicated at the beginning of this rental agreement.

23. MODIFICATION OF ENTIRE AGREEMENT:
This rent represents the entire agreement between both parties. Any modifications or amendments must be submitted in writing and signed by both parties. This rent replaces all previous agreements between both parties.

24. SIGN AND SUBMIT AGREEMENT

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