I think the better way to go, would be to set up a transaction at Escrow.com where you would be the "broker". This will guarantee you get paid, regardless of where the seller is located.
Well Biggie gave you a perfectly workable way of forming a contract. If you want added security, print the email and have both parties sign it physically.
This is a pretty informal industry that works on gentlemen agreements. When that is said any contract that lays out the specific terms and is agreed upon by all parties is valid. Even if its written on a napkin.
I broker domain names, but the only contracts I do are made as Biggie lays out.
I've done plenty of business by handshake over the years but when there is a fair amount of money involved, you really cannot go my faith . No, it's not rocket science and no, I'm not looking to make things more complicated than they should be but things can get ugly too quickly.
And, as I mentioned, the other party wants something a little more formal. I thought this might be the best place to ask. Anyhow, guess I've asked in the wrong place. I'll find my solution on the net or through a lawyer then.
Just create a LibreOffice or Word document in the manner that was mentioned above if you want it to be "more formal".
The landlord I work for pretty much does it in this manner. Nobody knows the difference. Nobody cares. It looks "formal".
If you want, create Bold and/or bigger font sizes for the domain name and italics for certain places where you see fit. Use the underscore for the line to sign on.
As I read it you want a nice letterhead and legal speak in your contract. Then you probably need to pay someone in the legal industry to try and convolute your contract for you. We can not offer you a cut and paste one.
My point (and others as well) was that a self made contract is just as valid as one with legal jargon in it.
Got it and thanks to all for the feedback. I'll just make something up based on the basics that we should agree on etc. It should be pretty straight forward but wondered if someone might have something already to make sure I don't miss any vital points that could become argument later.