question Buyer needs "purchase agreement" for domain sale

[cillx]

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.

 

[DnFolk]

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.

 

[platey]

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

 

[Beezy]

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

Done.

 

[cillx]

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 as domain sale generally dont have any agreement but sale is done via online marketplace and escrow service.

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.

 

[DnFolk]

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.

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.

 

[DnFolk]

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.

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

 

[urlurl]

you may be able to send an invoice through paypal

 

[Candace]

Domain Sherpa to the rescue

http://www.domainsherpa.com/domain-name-purchase-sale-agreement/

 

[DomainVP]

Domain Sherpa to the rescue

http://www.domainsherpa.com/domain-name-purchase-sale-agreement/

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.

 

[Name Trader]

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

 

[cillx]

Domain Sherpa to the rescue

http://www.domainsherpa.com/domain-name-purchase-sale-agreement/

This one perfectly worked for me. Thank you

 

[Kuffy]

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

 

[daica85]

Noted for later use. Thanks for useful info.