1. ARIN Verification: Both the Buyer and Seller must be verified.
1a. The Buyer secures ARIN pre-approval for the block based on justified need for 24 months.
1b. The Seller ensures ARIN recognizes it as the authorized registrant of the IPv4 block.
2. NDA: Non-Disclosure Agreements (NDAs) are signed to protect the conversation and discussion from disclosure about both parties’ confidential matters.
3. Block Examination: The buyer will examine the Seller’s IPv4 block both technically and legally to ensure it meets their approval. IPswiTch Networks Ltd provides expertise to assist with both aspects.
4. Asset Purchase Agreement: An APA (Asset Purchase Agreement) defines the contractual terms and conditions between the parties. IPswiTch Networks Ltd has extensive legal experience in drawing these constructs, and can either work with in-house counsel or provide a template.
5. Payment Terms: The Buyer and Seller normally use an Escrow Account for North American transfers. The Buyer deposits the funds as per the Asset Purchase Agreement.
6. Transfer: The Seller submits the ARIN Transfer Request, and as requested by ARIN, the supporting documents: an online affidavit and any other documentation requested by ARIN. The Seller also pays an ARIN Transfer Fee. The Buyer submits an online Transfer Request and ARIN transfers the IPs from Seller to Buyer.
7. Payment: Payment is released from escrow to the Seller.
8. Paperwork: Final documentation and closing conditions are completed. As an example, the seller must provide the buyer with a final Bill of Sale.
9. Announcement: Once the transfer is complete, the IPs are announced on the internet by the recipient buyer.