Domain Name Sales Receipt / Contract - GoFuckYourself.com

mkx · 11-12-2004, 02:10 AM

I put a deposit on a domain name today so I have a couple months to pay for it before it gets transferred. Does anyone know any sites or have any legal templates, contracts, or receipts written up for domain transfers and purchases?

WickedVenus · 11-12-2004, 02:27 AM

umm How much was your domian name that you had to put a deposit on it?

xclusive · 11-12-2004, 02:29 AM

Just write the terms of the contract down and both sign it and that should do the trick...

mkx · 11-12-2004, 02:32 AM

Let's say $20,000 with a $5000 deposit to be on the safe side. It somewhere along those lines.

A contract is more intimidating when in lawyer terms. Writing something like I agree to sell this guy this domain for this amount will work but a lawyer template is more professional, secure, and usually free.

SomeCreep · 11-12-2004, 02:35 AM

Quote:

Originally posted by raulph
I put a deposit on a domain name today so I have a couple months to pay for it before it gets transferred. Does anyone know any sites or have any legal templates, contracts, or receipts written up for domain transfers and purchases?

escrow.com

European Lee · 11-12-2004, 05:08 AM

Quote:

Originally posted by raulph
I put a deposit on a domain name today so I have a couple months to pay for it before it gets transferred. Does anyone know any sites or have any legal templates, contracts, or receipts written up for domain transfers and purchases?

If you have already pt a deposit down having a contract is pointless.

Getting a contract should be done PRIOR to paying the deposit. If the current owner decides to screw you over.. you are shit outta luck

Regards,

Lee

arg · 11-12-2004, 07:48 AM

Better to get a contract signed now if you can than to not get one at all. The guy may have no intention of screwing you over, but maybe someone will come at him with a $50k offer, and he'd sell it for the 50k and return your deposit or something.

Personally I'd go with the handwritten contract as well. Just be clear about details, describing the entire transaction (including your down payment), rules like he can't back out and sell to someone else, when and how you're supposed to pay him the remainder (wiring is best, with wiring details in the contract, so he can't say "never got the check), what happens if you're late in paying him, what happens if a domain hijacker steals it during the two month period, and so on.

You might want to add a sentence saying that in the event of a dispute, parties agree to abide by binding arbitration by a licensed arbitrator of the (sellers?/buyers?) choosing in the state of X. Keeps legal fees down in the unlikely event things get nasty.

And throw on one of those "If any part of this contract should be disallowed or made void, the parties agree that the remainder of this contract shall continue to be in full force and effect" clauses.

DomBuyer · 11-12-2004, 07:56 AM

Deposits on domains is really tricky over time.

Owner has admin contact--any offers they get in an appreciating domain market can challenge your deposit. If the market depreciates, you're stuck.

The seller wins under this arrangement. Makes more sense to buy it out for less.

pussyluver · 11-12-2004, 08:02 AM

Never buy a domain name over time. A cash transaction or move on to something else. If it's big bucks a legal contract is smart.

Maybe KRL will jump in with advice? He knows the ropes for sure!

Looks like a perscription for a rip-off?

mkx · 11-12-2004, 08:53 AM

I usually pay everything upfront. However, since it was a large dollar amount and I needed the funds for some better investments and to get me through, I made the offer of paying a deposit now and the rest within a few months.

I understand that his email and phone number will always be in the whois database and if someone calls him and offers him $50,000 he would be likely to think about screwing me over. That is the reason I don't want a contract saying:

"I sold this guy this domain for this amount and he gave me this as a deposit and i will give him the domain when i get the rest, signed bobby"

I am sure there are legal templates used out there by domain traders when they are purchasing or selling high cost domain names.

Since I already have somewhat of a paid paypal deposit request with a couple lines of explanation of the transaction, I don't think the seller will bail out of signing a more detailed receipt or contract since it only plays the smallest role in court and acts as a bit more intimidation.

The only way I can lose out in this deal is greed. I know that this seller is not going to just take my money and run but I know that if most people were in this position and got an offer for 10, 20, 30, or 40 thousand dollars more, they would consider screwing a customer they don't know since it will be a civil case and not criminal.

mkx · 11-15-2004, 12:02 AM

KRL · 11-15-2004, 01:00 AM

I've got a contract that covers everything for this type of transaction.

You should have posted prior to the initial deposit.

I can't give it to you for free since it cost me a lot of legal fees and several attorneys to develop to my exact customized needs.

But I'll provide it to you for a nominal amount that would be far less than if you went out and hired a law firm to do it.

[email protected]

mkx · 11-15-2004, 09:18 AM

Quote:

Originally posted by KRL
I've got a contract that covers everything for this type of transaction.

You should have posted prior to the initial deposit.

I can't give it to you for free since it cost me a lot of legal fees and several attorneys to develop to my exact customized needs.

But I'll provide it to you for a nominal amount that would be far less than if you went out and hired a law firm to do it.

[email protected]

Ok I sent you an email. Not looking to spend to much but if its decent than sure. I didn't have time to write up a contract before sale as it was up on auction and ending shortly and I made a private offer so nothing prevents another person from coming a long an hour later and doing the same

11-12-2004, 02:10 AM	#1
mkx Confirmed User Industry Role: Join Date: Nov 2003 Location: Toronto Posts: 4,001	Domain Name Sales Receipt / Contract I put a deposit on a domain name today so I have a couple months to pay for it before it gets transferred. Does anyone know any sites or have any legal templates, contracts, or receipts written up for domain transfers and purchases?

11-12-2004, 02:27 AM	#2
WickedVenus Confirmed User Join Date: Aug 2004 Location: ICQ: 309691342 ---- Yahoo Messenger: wickedvenus_acv Posts: 3,877	umm How much was your domian name that you had to put a deposit on it? __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60. Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.

11-12-2004, 02:29 AM	#3
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	Just write the terms of the contract down and both sign it and that should do the trick... __________________ I support MediumPimpin.com / Shemp's Outlawtgp.com /

11-15-2004, 12:02 AM	#11
mkx Confirmed User Industry Role: Join Date: Nov 2003 Location: Toronto Posts: 4,001	bump

11-15-2004, 01:00 AM	#12
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	I've got a contract that covers everything for this type of transaction. You should have posted prior to the initial deposit. I can't give it to you for free since it cost me a lot of legal fees and several attorneys to develop to my exact customized needs. But I'll provide it to you for a nominal amount that would be far less than if you went out and hired a law firm to do it. [email protected] __________________ 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

11-12-2004, 02:32 AM	#4
mkx Confirmed User Industry Role: Join Date: Nov 2003 Location: Toronto Posts: 4,001	Let's say $20,000 with a $5000 deposit to be on the safe side. It somewhere along those lines. A contract is more intimidating when in lawyer terms. Writing something like I agree to sell this guy this domain for this amount will work but a lawyer template is more professional, secure, and usually free.

11-12-2004, 07:48 AM	#7
arg Confirmed User Join Date: Feb 2003 Posts: 1,164	Better to get a contract signed now if you can than to not get one at all. The guy may have no intention of screwing you over, but maybe someone will come at him with a $50k offer, and he'd sell it for the 50k and return your deposit or something. Personally I'd go with the handwritten contract as well. Just be clear about details, describing the entire transaction (including your down payment), rules like he can't back out and sell to someone else, when and how you're supposed to pay him the remainder (wiring is best, with wiring details in the contract, so he can't say "never got the check), what happens if you're late in paying him, what happens if a domain hijacker steals it during the two month period, and so on. You might want to add a sentence saying that in the event of a dispute, parties agree to abide by binding arbitration by a licensed arbitrator of the (sellers?/buyers?) choosing in the state of X. Keeps legal fees down in the unlikely event things get nasty. And throw on one of those "If any part of this contract should be disallowed or made void, the parties agree that the remainder of this contract shall continue to be in full force and effect" clauses.

11-12-2004, 07:56 AM	#8
DomBuyer Confirmed User Join Date: Sep 2002 Location: Amalfi Coast Posts: 2,595	Deposits on domains is really tricky over time. Owner has admin contact--any offers they get in an appreciating domain market can challenge your deposit. If the market depreciates, you're stuck. The seller wins under this arrangement. Makes more sense to buy it out for less.

11-12-2004, 08:02 AM	#9
pussyluver Clueless OleMan Join Date: Mar 2003 Location: ICQ - 169903487 Posts: 11,009	Never buy a domain name over time. A cash transaction or move on to something else. If it's big bucks a legal contract is smart. Maybe KRL will jump in with advice? He knows the ropes for sure! Looks like a perscription for a rip-off?

11-12-2004, 08:53 AM	#10
mkx Confirmed User Industry Role: Join Date: Nov 2003 Location: Toronto Posts: 4,001	I usually pay everything upfront. However, since it was a large dollar amount and I needed the funds for some better investments and to get me through, I made the offer of paying a deposit now and the rest within a few months. I understand that his email and phone number will always be in the whois database and if someone calls him and offers him $50,000 he would be likely to think about screwing me over. That is the reason I don't want a contract saying: "I sold this guy this domain for this amount and he gave me this as a deposit and i will give him the domain when i get the rest, signed bobby" I am sure there are legal templates used out there by domain traders when they are purchasing or selling high cost domain names. Since I already have somewhat of a paid paypal deposit request with a couple lines of explanation of the transaction, I don't think the seller will bail out of signing a more detailed receipt or contract since it only plays the smallest role in court and acts as a bit more intimidation. The only way I can lose out in this deal is greed. I know that this seller is not going to just take my money and run but I know that if most people were in this position and got an offer for 10, 20, 30, or 40 thousand dollars more, they would consider screwing a customer they don't know since it will be a civil case and not criminal.