Domain Name is the main part of the address of a Web site. This must be purchased and can be used by you if you own it or rent it or lease it (in this case you do it through Kusman Enterprises) (Credit to http://personalweb.about.com/cs/glossary/g/domainname.htm)

Domain name is said to be a representation of a website address on the internet.

 

It can be seen as a written phrase comprising of several words and symbols separated with a period or dot. It has a numerical equivalent to ensure that there is no repetition of domain name. Having a domain name doesn't ensure the client that a web address is also available. Web addresses can be uploaded and registered through web hosting which is a totally different thing. Anyone can register a domain name and it is advisable to register it in the domain name registry. Registering it there may get you to pay a fee for administrative and security purposes. Having your domain system can represent a part of your business identity. No one can claim domain unless it is you. (Credit to http://ezinearticles.com/?Domain-Name-Definition---A-Simple-Explanation&id=2834649)

As of 2004, according to Guinness World Records and MSNBC, the most expensive domain name sales on record were:

Business.com for $7.5 million in December 1999

AsSeenOnTv.com for $5.1 million in January 2000

Altavista.com for $3.3 million in August 1998

Wine.com for $2.9 million in September 1999

CreditCards.com for $2.75 million in July 2004

Autos.com for $2.2 million in December 1999

(Credit to http://www.msnbc.msn.com/id/5467584 & http://en.wikipedia.org/wiki/Domain_name)

 

Kusman Enterprises recognizes that domain names are considered by the courts to be intangible property assets. We therefore expressly declare all domains listed for sale are under the sole and absolute ownership of Kusman Enterprises Therefore we declare to have the good and valid right to sell and convey said domain properties to all buyers.

 

The Domain Names have not been pledged to any third party, nor been mortgaged, nor subject of any security interest granted to any third party We declare that we hold no trademark, trade name, or otherproprietary commercial interest in the domain name and will hereafter make no objection ourselves to Buyer's use of the domain name once acquired.

Futhermore Kusman Enterprises declares that the domains listed are not currently nor anticipated to come under any legal ownership challenge via ICANN dispute resolution procedure or other independent legal proceeding.

Nevertheless Kusman Enterprises neither guarantees nor has investigated the buyers legal right to develop said domain names into active web properties. Therefore being fully aware of the nature of domain names, all buyers expressly agree to assume all the legal rights, responsibility, and future potential legal risks that may or may not be connected in accepting full ownership of said domain name