Comments on this Domain Sale Agreement

[Truthman]

I spent almost all day cooking up this domain sale agreement, for a sale I am involved with at the moment.

The deal will use escrow.com, this is just a backup...

I would love to get some feedback on it...

 

[oldratracer]

I really believe that if you use that you may "turn off" the potential buyer...

If you must use an agreement (I have used agreements in the past and know that they are a a "must" at times)...then this is a good format to use (I've include the "cached" version in html ...easier to view)...

http://72.14.203.104/search?q=cache...+purchase+agreement"&hl=en&gl=us&ct=clnk&cd=1

Remember...this is just an example....

OldRatRacer

 

[Truthman]

Actually, I forgot to mention, I am the buyer
I don't care if the seller is turned off by it... Then he is the one losing out...

 

[oldratracer]

LOL...THAT DOES make ALOT of difference then huh Truthman....In THAT case... GO With It...YOUR IN CHARGE... I've signed worse...

edit: btw: you did a good job on it!

OldRatRacer

 

[primacomputer]

Not a bad start. But for $50M I think you could afford to hire a lawyer

Just a few points:

Perhaps along with all these representations you are asking the seller to make he will want you to make some representations, such as that you will pay him a certain amount of money by a certain time, etc. Not at all unreasonable

A domain doesn't infringe on a trademark, the use of it or intent to use it does.

The clause about the seller making himself available until the end of time to provide information about the name and go to court for you is absurd. I understand what you want here, but don't try to write it yourself.

 

[Truthman]

Thank you

OK, I Have updated the agreement quite a bit, including a time limit as suggested by primacomputer.

Please download the new agreement from the original post. Further comments/feedback are very welcome