Hi everybody,
I own a .com domain and have received an offer for it.
Can anybody point to any pre-made registration agreement that I can use?
How does this work, do the buyer and I sign physical agreements?
Any idea on how such transactions are taxed?
Can I insist that the buyer also take transfer of any possible legal liability or copyright that someone else may (no one has) claim over it?
Since the OP will receive many opinions on legal matters, I’ve moved this from General Questions to IMHO.
samclem, moderator
anyone?
I’m not sure why an entire agreement is needed. Isn’t it a pretty simple transaction? The buyer sends you a check and you tell the domain registrar the buyer can have the domain.
If you really think there could be some liability down the road, I guess you could say:
In return for consideration of $______ , Seller agrees to take all necessary steps to transfer ownership of _____.com to Buyer. Buyer agrees to indemnify and hold harmless Seller from all future claims of liability or infringement related to the registration or use of this domain name.
Thanks for the reply Mr. Downtown,
The price being offered by the buyer is xx,xxx.
Wouldn’t that price range necessitate some kind of formal agreement?
The indemnity stuff cos there’s no way I can return that amount on a dime if there’s any future claim on it.
That kind of change and you’re asking a message board?
a) talk to a real lawyer
b) most domain registerys deal with this everyday and likely have boilerplate available for when a domain changes hand for any consideration
c) you choose to transfer it - it becomes the other persons, how could there be a ‘new’ claim on it that could come back to you? This is not real estate or even a physical thing.