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Buyer needs "purchase agreement" for domain sale

Labeled as question in General Domain Discussion, started by cillx, Oct 21, 2016

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  1. cillx

    cillx Established Member

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    Hi,

    I'm middle of domain sale with one big American company and they need a "purchase agreement" from me. Can somebody explain me what is purchase agreement? and how to obtain one? Do you think its really necessary to have one? If it's not necessary how to communicate it to buyer? Please help.
     
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  2. DnFolk

    DnFolk Top Member Epik.com Staff VIP

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    I recently sold a domain to one indian company and they also had asked me for sale agreement at first i also was apprehensive but since i am also from india. it was easy to buy indian stamp paper and got agreement signed by lawyer about domain sale with every detail like price mode of payment name and details of buyer seller etc and i took its xerox and sent its print out online to the company via email. they were satisfied and made the payment, and later as per the deal i sent the original papers to them via courier. so it worked for me fine. i think more or less it can work out for you in a similar pattern. only thing here the buyer company is american so ask them that how they want the sale agreement to work out.
     
    Last edited: Oct 21, 2016
  3. platey

    platey Top Contributor VIP

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    Very handy info to remember not heard of that being required before tho
     
  4. Beezy

    Beezy Top Contributor VIP

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    Just type "free invoice maker" on google - edit any of those to look like a semi pro invoice. Save as pdf. send it.

    Done.
     
  5. cillx

    cillx Established Member

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    Many thanks for the reply. Did you send it prior to payment?. In my case this American company owns trademark of this name and i'm afraid to send them purchase agreement to them.
     
  6. DnFolk

    DnFolk Top Member Epik.com Staff VIP

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    Yes prior to the payment i sent them the photocopy of the agreement i also attached the quote on printout that payment is pending for a safe side. also since i was directly in contact with their MD of the company. i didnt feel any risk. It all worked out smoothly.
     
  7. DnFolk

    DnFolk Top Member Epik.com Staff VIP

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    You can attach a quote on the printout of the agreement that payment is pending.
     
  8. urlurl

    urlurl Top Contributor VIP ★★★★★★★★★★

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    you may be able to send an invoice through paypal
     
  9. Candace

    Candace Broker at Starfire Holdings Starfire Holdings PRO VIP

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  10. DomainVP

    DomainVP DomainVP.com VIP

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    I've seen some companies not okay with purchase agreements in this format.

    You know what they say, you get what you pay for.

    Hire an attorney to draw up a proper agreement for a few hundred dollars. That is the best way to go, especially if you are dealing with American companies.
     
  11. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    @DomainVP - What stands out to you about this agreement?
     
  12. cillx

    cillx Established Member

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    Last edited: Nov 23, 2016
  13. Kuffy

    Kuffy Name Stag VIP

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    A sales agreement and an invoice are not the same thing.
     
  14. daica85

    daica85 Owner of NameCab.com VIP ★★★★★★★★★★

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    Noted for later use. Thanks for useful info.
     

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