Some of the issues when buying domain name in partnership include:
- If someone has liquidity needs, the partner may not be willing to sell the domain name at that time for less than its optimal value.
- The partners don’t have the exclusive ability to make a sale decision if a good offer is submitted.
- This is different for most people who own domain names on their own.
- In the event of a partner’s bankruptcy, the domain name may be frozen or otherwise encumbered.
- One partner may have more lax security standards, potentially putting the domain name at risk of theft.
- If a UDRP or lawsuit is filed, there may be disagreements on what lawyer to use and/or how to approach the action.
- Partners may have different ideas about how to monetize the domain name
- In the event of a death, a person’s assets may be frozen. Even if the domain name is available to be sold/transferred, the living partner may not legally be able to decide on a sale.
