Terms of Sale

Last updated: 15 January 2026 21:23 UTC

Summary: Buyer deposits funds into Escrow.com. Upon confirmation of secured funds, Seller initiates domain transfer. Upon confirmation of successful transfer, Escrow.com releases funds to Seller. Transaction complete.

1. Definitions

"Seller" means the current registered owner of the domain kernel.io.
"Buyer" means the party submitting an offer and agreeing to purchase the domain.
"Domain" means the internet domain name kernel.io, including all associated rights.
"Escrow Agent" means Escrow.com, the sole authorized escrow service for this transaction.
"Purchase Price" means the agreed-upon amount for the Domain, as stated in the Escrow.com transaction.

2. Non-Exclusivity & Under Offer

Submitting an offer or receiving offer acceptance does not grant exclusivity.
The Domain remains available for sale to other parties until funds are secured in escrow.
Seller may accept, reject, or negotiate with multiple parties simultaneously.
Seller may accept a higher or more favorable offer at any time before funds are secured.
An offer is binding on Seller only once Escrow.com confirms funds are secured.
Buyer has no claim to the Domain based solely on an accepted offer or pending escrow transaction.
Initiating a wire transfer does NOT secure exclusivity. Funds must be received and verified by Escrow.com before the Seller is bound.
During wire transfer clearing (typically 1-5 business days), Seller may accept other offers.
If Seller accepts another offer while Buyer's wire is in transit, Buyer's transaction will be cancelled and funds refunded per Escrow.com's refund policy (minus escrow fees and wire refund fees).

3. Transaction Process

The sale of the Domain shall proceed in the following order:

Offer Acceptance: Seller accepts Buyer's offer in writing (email). This does not grant exclusivity.
Escrow Initiation: Seller creates the Escrow.com transaction. Buyer receives transaction link.
Buyer Payment: Buyer deposits the full Purchase Price plus applicable fees into Escrow.com via wire transfer.
Funds Secured: Escrow.com confirms funds are secured. Domain is now reserved for this Buyer.
Domain Transfer: Within 3 business days of funds confirmation, Seller initiates transfer to Buyer's designated registrar account.
Transfer Confirmation: Buyer confirms receipt of the Domain in their registrar account.
Funds Release: Escrow.com releases funds to Seller.
Transaction Complete: All obligations fulfilled. No further action required.

4. Payment Terms

Payment shall be made exclusively via wire transfer to Escrow.com.
The following payment methods are not accepted: cryptocurrency, PayPal, checks, money orders, cash, or any third-party payment services.
Buyer pays all Escrow.com fees unless otherwise negotiated in writing prior to escrow initiation.
Buyer is responsible for any wire transfer fees charged by their bank.
Payment must be received by Escrow.com within 7 calendar days of Buyer agreeing to the escrow transaction. Failure to fund within this period constitutes withdrawal of offer, and Seller may cancel without notice.

5. Identity Verification

Both parties shall complete Escrow.com's identity verification (KYC) requirements.
Buyer must provide a verifiable business identity, including company name, registration, and authorized representative.
Seller reserves the right to cancel if Buyer fails verification within 7 calendar days or if verification reveals misrepresentation.

6. Domain Ownership Verification

WHOIS privacy is enabled and will remain unchanged until transfer completion.
Domain ownership is verifiable via public WHOIS and DNS records. Seller conducts all correspondence from an email address at this domain.

7. Domain Transfer

Seller shall initiate transfer within 3 business days of funds confirmation.
Seller will unlock the Domain, provide the authorization/EPP code, and disable any transfer locks.
Buyer must provide a valid registrar account capable of receiving .io domain transfers.
Standard .io domain transfer may take 5-7 days to complete at the registry level.

8. Inspection Period

Buyer has 24 hours from receiving domain control to confirm successful transfer to Escrow.com.
If Buyer fails to confirm or reject within 24 hours, the transfer is deemed successful.

9. What Buyer Receives

Full ownership and control of the domain kernel.io
The right to use, transfer, or sell the Domain
Any remaining registration period on the Domain

10. What Buyer Does NOT Receive

Any website content, code, or intellectual property (there is none)
Any trademarks, business names, or associated rights (none exist)
Any email accounts, hosting, or services
Any guarantees regarding search engine rankings, traffic, or revenue

11. Seller's Warranties

Seller warrants only that:

Seller is the sole registered owner of the Domain
Seller has full authority to transfer the Domain
The Domain is free of liens, encumbrances, or legal claims known to Seller
The Domain is not subject to any pending UDRP or legal dispute known to Seller

12. Limitation of Liability

Seller's total liability shall not exceed the Purchase Price received.
Seller shall not be liable for any indirect, incidental, consequential, or punitive damages.

13. Cancellation

By Seller: Seller may cancel before initiating domain transfer if Buyer fails payment, verification, or Seller suspects fraud.

By Buyer: Buyer may cancel only before funds are deposited. Once funds are secured, cancellation requires Escrow.com's dispute process.

14. No Refunds

Once the domain transfer is complete and confirmed, the transaction is final and non-refundable.

15. Transaction Finality

All deadlines below are in calendar days, calculated from midnight UTC.

Seller's Discretion: Seller retains sole and absolute discretion to accept, reject, or withdraw from any offer at any time before Escrow.com confirms funds are secured. No offer, acceptance, or negotiation creates any binding obligation until funds are secured.
Deadline to Agree: Upon Seller accepting an offer and initiating escrow, Buyer must agree to the escrow transaction within 3 calendar days. Failure to agree within this period constitutes withdrawal of offer.
First to Fund: After agreeing, Buyer must fund within 7 calendar days (see Section 4). If Buyer fails to fund within this period, the offer is deemed withdrawn and Seller may cancel without notice. Seller is not liable for any fees, costs, or expenses incurred by Buyers who fail to fund, including wire transfer fees, escrow fees, or currency conversion losses.
Competing Offers: Seller may continue to receive and consider offers until funds are secured. If a higher offer is received before funds are secured, Seller may cancel the unfunded transaction to accept the higher offer. First Buyer to complete funding secures the domain.
Bad Faith Protection: Offers made in bad faith (including offers with no intent to fund, offers to disrupt legitimate buyers, or repeated unfunded offers) may result in permanent rejection of future offers from the offending party. Seller reserves the right to require additional verification for offers exceeding $500,000 USD.
Escrow Governs: All disputes arising during the escrow period shall be resolved exclusively through Escrow.com's dispute resolution process per their General Escrow Instructions.
Final Release: Upon Escrow.com's release of funds to Seller, the transaction is complete and final. Buyer and Seller have no further obligations to each other.
No Post-Sale Claims: Buyer waives any right to bring claims against Seller after funds are released, except for fraud. Any such waived claim shall be time-barred and unenforceable.
Sole Remedy: Buyer's sole remedy for any dispute is through Escrow.com's process before funds are released.

16. Governing Law

This agreement is governed by the laws of New Zealand.

17. Entire Agreement

These Terms, with any written offer acceptance, constitute the entire agreement. Seller may update Terms at any time; Terms in effect at offer acceptance govern.

18. Severability

If any provision is unenforceable, remaining provisions continue in effect.

19. Contact

For questions, submit an inquiry at kernel.io.