5.2.3 The Affiliate recognizes and accepts that Derivative Domain Names will at all times remain the beneficial ‘property’ of the Merchant and/or its licensors and in this regard agrees to hold the Derivative Domain Name in Trust on behalf of the Merchant for the Term. On expiry of the Term the Affiliate will transfer, or cause to be transferred, all Derivative Domain Names to the Merchant, or an entity duly nominated by the Merchant in writing, without delay.
Am I reading this correctly? Are they saying that as soon as you put up a banner then your domain becomes their property.
If that’s the case then I can’t see anyone agreeing to this – what the hell were these guys smoking?