Exploring Number Brokering: Legal Insights and Definitions
Definition & meaning
Number brokering refers to the practice of a private entity selling toll-free numbers for a fee. This process is regulated under federal law, specifically 47 C.F.R. § 52.107(a). Toll-free numbers are telephone numbers that allow callers to reach businesses without incurring charges, as the business pays for the call. Number brokering can be an important service for businesses seeking to establish a presence or enhance their marketing efforts.
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Number brokering is primarily relevant in telecommunications law. It involves the transfer of toll-free numbers, which may include legal considerations regarding ownership and usage rights. Businesses may engage in number brokering to acquire unique or memorable toll-free numbers that can enhance customer outreach. Users can manage related forms and agreements through legal templates available from services like US Legal Forms.
Key Legal Elements
Real-World Examples
Here are a couple of examples of abatement:
For instance, a company may wish to acquire the toll-free number 1-800-FLOWERS for its floral delivery service. They might engage a number broker who specializes in finding and negotiating the purchase of such numbers. (Hypothetical example).
Relevant Laws & Statutes
Key regulation governing number brokering includes:
47 C.F.R. § 52.107(a) - Outlines the definition and regulations surrounding toll-free number brokering.
Comparison with Related Terms
Term
Definition
Key Differences
Number Portability
The ability to transfer a phone number from one service provider to another.
Number brokering involves the sale of numbers, while portability focuses on retaining numbers across providers.
Toll-Free Number
A phone number that allows callers to reach a business without incurring charges.
Toll-free numbers are the subject of brokering, not the act itself.
Common Misunderstandings
What to Do If This Term Applies to You
If you are considering buying or selling a toll-free number, ensure that you understand the regulatory requirements. It may be beneficial to consult with a legal professional to navigate the complexities of number brokering. Additionally, US Legal Forms offers templates that can assist in drafting agreements related to number brokering.
Quick Facts
Typical fees for number brokering can vary widely based on the number's desirability.
Jurisdiction: Federal regulation under the FCC.
Possible penalties for non-compliance with regulations include fines or revocation of number rights.
Key Takeaways
FAQs
A toll-free number is a phone number that allows callers to reach a business without incurring charges.
Yes, number brokering is legal as long as it complies with federal regulations.
You can acquire a toll-free number through a number broker or directly from telecommunications providers.
