normal to sign a contract prior to buying a domain? - GoFuckYourself.com

quiet · 01-25-2004, 04:29 PM

seems a little odd to me - i don't have it in my hands yet, just curious if this is a normal thing in the domain acquisition world.

beemk · 01-25-2004, 04:30 PM

i never heard of that, but cant hurt to be careful.

Juicy D. Links · 01-25-2004, 04:31 PM

KRl prob has the best info on this

IPK · 01-25-2004, 04:35 PM

yeah it's normal as long as it's setting forth the terms of the agreement. get a signed copy. if either one of you tries to fuck the other, the person who got fucked would have a cause of action.

IPK · 01-25-2004, 04:38 PM

if it's for a lot of money, you guys should do it through escrow.com or something

pushpills · 01-25-2004, 04:39 PM

for over a couple hundred bucks or if you just have to make sure you get it, i'd churn out a quick contract (and I have) and fax it over

grab a biz law book if you don't have one, read the contracts section (for this...read the whole book though)

AliSin · 01-25-2004, 04:39 PM

If its going to affect your business why WOULDNT you sign a contract?

quiet · 01-25-2004, 04:40 PM

i'll be paying in full before getting the domain. yet he still wants me to sign a contract, just makes me wonder what sort of limits he might try to put on things. have to wait till tomorrow to look it over.

quiet · 01-25-2004, 04:41 PM

Quote:

Originally posted by Im A Troll
If its going to affect your business why WOULDNT you sign a contract?

affect my business? it's a couple thousand dollars. zero affect on my business.

quiet · 01-25-2004, 04:43 PM

Quote:

Originally posted by pushpills
for over a couple hundred bucks or if you just have to make sure you get it, i'd churn out a quick contract (and I have) and fax it over

grab a biz law book if you don't have one, read the contracts section (for this...read the whole book though)

of course i'll have my lawyer look it over.

pornkitten · 01-25-2004, 04:45 PM

the more money you pay for it the more likely a contract. I bought one of my domain names for $1,500 without a contract but it cant hurt to have one.

magicmike · 01-25-2004, 04:46 PM

Quote:

Originally posted by quiet
i'll be paying in full before getting the domain. yet he still wants me to sign a contract, just makes me wonder what sort of limits he might try to put on things. have to wait till tomorrow to look it over.

Well if you read over the contract, or get your lawyer too, I don't see why it could hurt you at all either.

If he has stupid clauses in there get 'em removed.

I've bought a domain before with a contract, makes me feel better about it anyways.

KRL · 01-25-2004, 04:48 PM

Yes, perfectly normal and expected if its a major domain acquisition.

Rick and I did 28 pages of agreements in total for Men from beginning to the closing date. And there were about 60 pages for the holding company setup. Had custom escrow agreement also.

The lawyers were smiling all the way to the bank during the months it took to get all the wording and terms agreed on.

But on this level you have to cover every possible thing and we did.

It was actually remarkable at one point the deal almost got blown completely over just a sentence or two in the indemnification clauses, with each law firm wanting their wording to be the one used. It was a surreal experience thanks to the lawyers on both sides not wanting to budge and it literally even got to the GFY point a couple times.

smashface · 01-25-2004, 04:50 PM

Quote:

Originally posted by quiet

of course i'll have my lawyer look it over.

Im a paranoid type when it comes to sending money by mail/online.

I would suggest using escrow.com as mentioned above. They make the entire transfer process go smoothly, even with a contract.

SF

detoxed · 01-25-2004, 04:51 PM

I sold a domain to National A-1 advertising a few years ago for $2k. They made me sign a contract.

polish_aristocrat · 01-25-2004, 04:59 PM

From now on I alwas sign up contracts and always use escrow.
I have a contract example if you wish.

ok, not always - I sold a worthless domain for $30 two days ago, but I think you're askign about more valuable domains

polish_aristocrat · 01-25-2004, 05:02 PM

Quote:

Originally posted by detoxed
I sold a domain to National A-1...

Must had been a good domain.

detoxed · 01-25-2004, 05:03 PM

Quote:

Originally posted by polish_aristocrat

Must had been a good domain.

Good word that had an "s" at the end.. correct spelling would have been "es" at the end.

quiet · 01-25-2004, 05:07 PM

thanks for the replies

no big deal, just impatient lol

01-25-2004, 04:29 PM	#1
quiet we'll miss you our friend. RIP Industry Role: Join Date: Sep 2001 Location: Fernie, BC Posts: 25,115	normal to sign a contract prior to buying a domain? seems a little odd to me - i don't have it in my hands yet, just curious if this is a normal thing in the domain acquisition world. __________________ we'll miss you our friend. RIP

01-25-2004, 04:30 PM	#2
beemk CLICK HERE Industry Role: Join Date: Jan 2002 Posts: 20,829	i never heard of that, but cant hurt to be careful. __________________ I host with Vacares

01-25-2004, 04:35 PM	#4
IPK Confirmed User Join Date: Sep 2003 Posts: 4,209	yeah it's normal as long as it's setting forth the terms of the agreement. get a signed copy. if either one of you tries to fuck the other, the person who got fucked would have a cause of action. __________________ DomainerResource.com strategies for monetizing and investing in domain names...

01-25-2004, 04:38 PM	#5
IPK Confirmed User Join Date: Sep 2003 Posts: 4,209	if it's for a lot of money, you guys should do it through escrow.com or something __________________ DomainerResource.com strategies for monetizing and investing in domain names...

01-25-2004, 04:40 PM	#8
quiet we'll miss you our friend. RIP Industry Role: Join Date: Sep 2001 Location: Fernie, BC Posts: 25,115	i'll be paying in full before getting the domain. yet he still wants me to sign a contract, just makes me wonder what sort of limits he might try to put on things. have to wait till tomorrow to look it over. __________________ we'll miss you our friend. RIP

01-25-2004, 04:31 PM	#3
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	KRl prob has the best info on this

01-25-2004, 04:39 PM	#6
pushpills Confirmed User Join Date: Jan 2004 Location: CHICAGO Posts: 3,700	for over a couple hundred bucks or if you just have to make sure you get it, i'd churn out a quick contract (and I have) and fax it over grab a biz law book if you don't have one, read the contracts section (for this...read the whole book though)

01-25-2004, 04:39 PM	#7
AliSin Registered User Join Date: Dec 2003 Posts: 4	If its going to affect your business why WOULDNT you sign a contract?

01-25-2004, 04:45 PM	#11
pornkitten Confirmed User Join Date: Dec 2003 Posts: 1,412	the more money you pay for it the more likely a contract. I bought one of my domain names for $1,500 without a contract but it cant hurt to have one. __________________ too lazy to find advertising for this sig space

01-25-2004, 04:48 PM	#13
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Yes, perfectly normal and expected if its a major domain acquisition. Rick and I did 28 pages of agreements in total for Men from beginning to the closing date. And there were about 60 pages for the holding company setup. Had custom escrow agreement also. The lawyers were smiling all the way to the bank during the months it took to get all the wording and terms agreed on. But on this level you have to cover every possible thing and we did. It was actually remarkable at one point the deal almost got blown completely over just a sentence or two in the indemnification clauses, with each law firm wanting their wording to be the one used. It was a surreal experience thanks to the lawyers on both sides not wanting to budge and it literally even got to the GFY point a couple times. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains Last edited by KRL; 01-25-2004 at 04:55 PM..

01-25-2004, 04:51 PM	#15
detoxed vip member Join Date: Jan 2003 Posts: 17,798	I sold a domain to National A-1 advertising a few years ago for $2k. They made me sign a contract.

01-25-2004, 04:59 PM	#16
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	From now on I alwas sign up contracts and always use escrow. I have a contract example if you wish. ok, not always - I sold a worthless domain for $30 two days ago, but I think you're askign about more valuable domains __________________ I don't use ICQ anymore.

01-25-2004, 05:07 PM	#19
quiet we'll miss you our friend. RIP Industry Role: Join Date: Sep 2001 Location: Fernie, BC Posts: 25,115	thanks for the replies no big deal, just impatient lol __________________ we'll miss you our friend. RIP