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i have a buyer for one of my domain names.
i am unable to divulge details as to who the company is or the name for that matter, however it appears we will be settling on a fixed cash amount PLUS company equity. They are young with a very big, ambitious business plan. it is an international business model that has a lot of moving parts, in return, a lot of ways to fail.. i am willing to gamble.
They have secured funding and have offered the following equity along with the cash:
XXXX buys the XXXX.com domain for $X,000 cash and $50,000 in equity at a $50,000,000 post-money valuation of XXXX (i.e., 0.1% of company).
my main question...
in a deal like this, how does the contract get structured (or is there a contract?)... such as who holds the rights to the domain name?
am i just given the stocks as payment and initiate transfer? is there more to this that i should know or be aware of?
also of note - this is a very respected individual in his profession. one who speaks for TED Talks and has built a previous multi-million dollar company in the past venturing into a new startup.
i could use all the advice i can get here on this topic.
thanks
i am unable to divulge details as to who the company is or the name for that matter, however it appears we will be settling on a fixed cash amount PLUS company equity. They are young with a very big, ambitious business plan. it is an international business model that has a lot of moving parts, in return, a lot of ways to fail.. i am willing to gamble.
They have secured funding and have offered the following equity along with the cash:
XXXX buys the XXXX.com domain for $X,000 cash and $50,000 in equity at a $50,000,000 post-money valuation of XXXX (i.e., 0.1% of company).
my main question...
in a deal like this, how does the contract get structured (or is there a contract?)... such as who holds the rights to the domain name?
am i just given the stocks as payment and initiate transfer? is there more to this that i should know or be aware of?
also of note - this is a very respected individual in his profession. one who speaks for TED Talks and has built a previous multi-million dollar company in the past venturing into a new startup.
i could use all the advice i can get here on this topic.
thanks
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