Every Regional Internet Registry (RIR) has different procedures and rules when a Transfer Process is implemented. Those steps are listed based on their RIRs below. APNIC (Asia Pacific Network Information Centre) is an open, membership-based, not-for-profit organization providing Internet addressing services to the Asia Pacific.
Buyers must secure APNIC pre-approval for the block based on 24 months need.
Non-Disclosure Agreements (NDAs) are signed to protect the conversation and discussion from disclosure of confidential matters that may affect both parties.
An Asset Purchase Agreement will be reached, defining the contractual terms and conditions between both parties. With our extensive legal experience in drawing these constructs, we can either work with an in-house counsel or provide a template.
Transactions can be carried out through a variety of methods, such as pre-payment via escrow or a solicitor’s account, payment after transfer, or a Letter of Credit.
The IP transfer process will go through certain APNIC regional processes, such as MyAPNIC. The seller will release the IPs to the buyer, but APNIC will bill the buyer before fully releasing the IPs to the buyer.
It is a bit more complex and manual should an inter-RIR transfer from ARIN has been chosen, and out company will be on hand to assist the buyer to smooth out any rough edges. Ultimately the buyer will be billed by APNIC and the IPs will be transferred to their APNIC account.
The agreed capital is paid to the seller.
All the Documentation and closing conditions are recorded completed. As an example, the seller must provide the buyer with a final Bill of Sale.
Once the transfer is complete, the IPs will be announced on the internet by the recipient buyer.
APNIC (Asia Pacific Network Information Centre, pronounced A-P-NIC) is an open, member-based, not-for-profit organization, whose primary role is to distribute and manage Internet number resources (IP addresses and AS numbers) in the Asia Pacific region’s 56 economies. These number resources are the building blocks for the Internet to operate and grow.
As part of this service, APNIC is responsible for maintaining the public APNIC Whois Database and managing reverse DNS zone delegations.
APNIC also provides forums for Internet policy development, that are bottom-up and open to everyone.
Furthermore, APNIC helps build essential technical skills across the region, supports Internet infrastructure development, produces insightful research, and is an active participant in the multistakeholder model of Internet cooperation and governance.
APNIC performs these activities as part of its commitment to a global, open, stable and secure Internet that serves the entire Asia Pacific region.