Terms and Conditions

1.0 Introduction

1. This document sets out MYNIC's terms and conditions for Premium Domain Names (“PDN”).
2. PDN are ".my" second level category (.my) or third level category (e.g. .com.my, biz.my) names that are limited in quantity. These PDN may consist of special features as follows:
   • single character; e.g. 1.my, 2.com.my, a.my, b.com.my;
   • two (2) characters; e.g. 00.my, aa.my, 1a.my, etc.;
   • three (3) characters; e.g. 000.my, aaa.my, 2a1.my; or
   • domain name that form a word with .my; e.g. tum.my , yum.my; or
   • top dictionary keywords (Bahasa and English); e.g. beautiful.my, aesthetic.com.my.
3. To ensure an orderly process in the application of PDN, MYNIC will conduct a Bidding Exercise to allow the qualified parties to bid for the said PDN.
4. For the purpose of these policies and procedures, the following terms and conditions shall have the meaning as defined below:
   • "Applicant" or "Bidder" shall refer to the individual or organisation intending to bid and apply for the registration of PDN.
   • “Auctioneer” shall refer to third party duly appointed by MYNIC to run the PDN Bidding Exercise.
   • "Base Price" shall refer to the minimum price for each PDN as detailed in Annexure A.
   • “Bid Deposit” shall mean the amount held by MYNIC from the day bidder registers until the bid day.
   • “Bid Increment” shall refer to the increment sum as mentioned in Annexure A herein.
   • "Bid Price" shall refer to the price offered by Bidders in the Bidding Exercise of PDN.
   • "Bidding Exercise" shall refer to the process where the PDN is officially open for bidding and will also be announced on MYNIC’s website and official social media.
   • "Bidding Period" shall be determined by the Auctioneer, based on the number of premium names and bidders via a designated platform.
   • "Premium Domain Name(s)" or "PDN(s)" shall have the meaning assigned to it above.
   • “Registration Fee for Domain Name” means a sum payable for registration of the PDN as mentioned in Annexure B herein.
5. MYNIC reserves the right to amend and supplement these terms and conditions from time to time.
6. MYNIC reserves the right to reject any applications for interest to bid for suggested names which are submitted after the deadline set which is 31 August 2022.
7. MYNIC maintains the discretion to select and publish the premium names which are eligible for the live bidding. 

2.0 Bidding for PDN

1. Frequency of Bidding Exercise: PDN Bidding Exercise will be conducted twice a month (or as and when announced by MYNIC). The Bidding Exercise will be done on MYNIC’s designated platform.
2. During bidding in session, the bidders are responsible at all times for maintaining their internet   access or internet connection to MYNIC’s designated platform. MYNIC is not responsible for errors and/or failures in connection with the submission and/or transmission of live bidding offers or for errors and/or failures in the execution of bids submitted via live bidding. This also includes, without limitation, errors or failures caused by:
   • A loss of connection, whether with us, our third party service provider or the bidder;
   • Malfunctions or problems with the designated bidding platform and/or
   • Malfunctions or problems with the bidder’s Internet connection, computer or system.
3. Bidder: Each Premium Domain Name (PDN) will be available for bidding individually, but simultaneously. Eligible bidders may bid on as many PDNs as they desire. MYNIC will require a holding bid deposit to be paid at least two days before the bid day.
   MYNIC will accept only one bidder from each organisation to make bid during the bid session. Each bidder is entitled to submit multiple bids for multiple PDNs.
4. Submission: The Bidder intending to take part in this Bidding Exercise must:
   • submit to MYNIC the Bidder’s full name, company name, company registration number/identification card (IC) number, valid email address and telephone number;
   • pay Bid Deposit of RM200;
   • pay Bid Price within 3 business days after winning the bid and;
   • fill in Domain Name Registration Form and submit supporting documents for completion of domain registration process within 14 days (First year of domain registration fee is part of Bid Price).
5. Eligibility Criteria: The Bidders intending to take part in the Bidding Exercise must confirm that they meet the prevailing eligibility criteria for the relevant domain name category as stated in MYNIC's Registration Eligibility and agree to MYNIC’s Registrant Agreement.
6. The Winner: The selection of the winners is based on the highest bid amount. The winning bidder will be selected on a first come first served basis in the event there are multiple bidders with identical bid amounts. The winner with highest bid that fulfilled the eligibility criteria shall be officially notified by MYNIC via email on the next business day for payment purpose. The unsuccessful Bidder shall be notified via email accordingly (para 6.3). Full Bid Price must be paid to MYNIC within 3 business days after official notification from MYNIC, failing which the Bid Deposit paid by the successful bidder will be forfeited and the PDN will revert to MYNIC. MYNIC will not accept payments via instalments.
7. MYNIC PDN Live Bidding Session: MYNIC owns all Intellectual Property rights (including rights of ownership, rights or licences to use, rights arising through use and rights the subject of applications to register) over the recordings of MYNIC Live Bidding Session. Bidders cannot record any part of the MYNIC PDN Live Bidding session and publicize the same in other platforms in any manner or form whatsoever, without prior written consent from MYNIC.

3.0 Domain Name Registration 

The successful bidder must provide all information, supporting documents and registration fee within 14 days to MYNIC, to complete the registration of the PDN.

1. Registration: The successful PDN bidder must pay bid price within 3 business days after official notification from MYNIC. The bid price is inclusive of first year of domain name registration fee. The successful bidder must provide correct and accurate information, and supporting documents within 14 days to MYNIC, to complete the registration of the PDN.
2. Renewal: The successful bidder shall be responsible for the renewal of the domain name upon the expiration from the initial registration date. The renewal fee will be based on normal price of the respective domain name category.
3. Termination: The domain name can be terminated in accordance with the Agreement for the Registration of Domain Name.
4. Notwithstanding the above, MYNIC reserves the right to revoke the PDN registration at any time should MYNIC finds any information supplied in your application to be incomplete, incorrect or inaccurate.

4.0 Additional Information

1. The terms and conditions stipulated above are in addition to the existing MYNIC’s Agreement for Registration of Domain Names with purpose to facilitate the bidding exercise for PDN. All other terms and conditions in MYNIC’s Agreement for Registration of Domain Names shall remain unchanged, enforceable and legally binding.

5.0  Limitation of Liability

1. To the full extent permitted by law, MYNIC shall not be liable until and unless MYNIC’s gross negligence or wilful misconduct is proven. MYNIC will not be held liable for any direct or indirect, consequential or incidental damages or loss of profits, whether contractual, tort or otherwise arising of or resulting from the registration or use of a Premium Domain Name or to the use of its website, even if it has been advised of the possibility of such loss or damages, including but not limited to decisions taken by MYNIC to register or not to register a PDN on the basis of the findings of MYNIC or any other regulatory authorities as well as the consequences of those decisions.
2. To the full extent permitted by law, subject to Para 5.1 above, the limit of MYNIC’s liability, whether in Agreement, tort, negligence, statute or otherwise, concerning any claims brought against it by the successful bidder, will not in aggregate exceed the total sum of the registration fee paid by the successful bidder for the affected PDN.

6.0  Payment and Refund

1. All sums payable to MYNIC must be paid by way of online payment:
   • Bid Deposit
   • Bid Price (inclusive of domain registration fee of the domain name according to respective category as mentioned in Annexure B herein).
2. All notices by MYNIC to any Bidder shall be sent via email.
3. Refund to unsuccessful bidders will be made within 7 to 14 business days after the bidding period ends, depending on the type of online payment solution used as below:
   • Credit card or debit card – within 3 to 5 business days
   • E-wallet - within 7 business days
   • FPX (online banking) - within 7 to 14 business.
   Email notification will be sent upon successful refund, provided that MYNIC has received all complete, correct and current information for refund.

ANNEXURE A
BASE PRICE AND BID INCREMENT FOR PREMIUM DOMAIN NAME

Note: All prices above are in Ringgit Malaysia. The prices above include the applicable first year of registration fee per domain name payable to MYNIC.

ANNEXURE B
REGISTRATION FEE FOR .MY DOMAIN NAME