Deals falling apart

[lincolndsp]

All of the domainers, do not ever care what end-users might think or say bad about us.


In many cases they are not true to their own word.

Recently had this just another case when in negotiations, end-user made offer , I accepted but then nothing - they do do not honor the sale and come up with some nonsense.

It does not matter who if it is a CEO or VP of Marketing, big company or small, USA or whatever, they all can say one thing on one day and forget it the next day.

/angry rant

Happy business and wish you serious end-users only!

 

[FPForum]

I hate when that happens. Just like I hate when someone does a Buy it Now through Sedo and then three days later you get an email saying Sedo has cancelled the transaction :\

You just have to remember..Don't buy that expensive bottle of vodka until the name has been pushed and the money is in your account, lol.

 

[lincolndsp]

^^ yeah, so true, so hard to restrain that feel though

 

[htmlindex]

In the end of the day, if they agree to purchase the name and you both come to an agreement to go ahead then they back out & you have it in your email communications, I believe you could take legal action against them or threaten them with this. But in the end of the day it comes down to the dollar amount of the deal & if they are located in the same country as you.

 

[alien51]

In the end of the day, if they agree to purchase the name and you both come to an agreement to go ahead then they back out & you have it in your email communications, I believe you could take legal action against them or threaten them with this.

Email chit-chats are not exactly legally binding.

 

[lincolndsp]

^^ i'm not an american

i'm a handshake man. if it is ok in their business ethics books, good bye then.
I plan to develop my shitmail.com domain sometime in the future and then if shit happens I will be forwarding them to it so that they would contact anyone in business matters from a @shitmail.com account and save their reputation. what do you think? lol

---------- Post added at 01:12 AM ---------- Previous post was at 01:02 AM ----------

Email chit-chats are not exactly legally binding.

totally identifiable chaps with email sigs, job titles etc. can hit a publish email button on a number of websites and they'd have to spend much more than the domain's agreed price on online rep management :bingo:
or they can explain to their customers/partners that what they say or write has not power unless it is a signed contract. who'd want to do business with such reliable folks then?

 

[twomoon]

Got one enduser who without any problems agreed on my price expectations (mid x,xxx for 3 names), we even "talked" about the process of buying/purchasing (BTW he own about 300+ domains and know how Sedo, Tdnam looks like). But than - silence.

He didn't reply on 2 my emails and yesterday I sent him an email asking if it was a joke or what - with no reply of course.

 

[lincolndsp]

 

[GiftedDomains]

I too hate those time and money wasters.
But you never know what happened at the other end of the line. So i don't judge too fast, until the explanation comes.

However, there are people who think that online behind their PC everything is allowed and that this is a game and they can click on "buy" and decide later if they want to pay and buy or not. No mercy for those time wasters! They need to learn a lesson. Had this with ebayers and i thought them that lesson.

 

[Domainace]

It's not exclusively an online thing. People regularly don't show up for reservations at fully booked restaurants, for example. They think nothing of it, though it causes a loss to the restaurant.
Just a part of life. And certainly, there's no way on this planet you can take legal action to force someone to buy something (unless you are the government, or unless you can demonstrate a loss caused by their broken promise).

 

[alien51]

It's not exclusively an online thing. People regularly don't show up for reservations at fully booked restaurants, for example. They think nothing of it, though it causes a loss to the restaurant.
Just a part of life. And certainly, there's no way on this planet you can take legal action to force someone to buy something (unless you are the government, or unless you can demonstrate a loss caused by their broken promise).

I agree with this. It happens in many other businesses. It's not an exclusive issue to Domaining.

This is why they coined the term "Money Talks".

Talk is cheap. But once you put some DOWNPAYMENT on any discussion, that's the only time things kick into high gear.

No money, No Honey.

 

[lincolndsp]

^^ good idea then to have a universal shitlist, restaurant owners for example could have some online database and charge the credit card by phone to those who are on that shitlist. win-win

 

[infmoney]

I've already had this happen with at least 10 different domains and end-users who had agreed on price then give me some bs excuse or never answer back.

 

[alien51]

^^ good idea then to have a universal shitlist, restaurant owners for example could have some online database and charge the credit card by phone to those who are on that shitlist. win-win

If it's a FREE MARKET, you can do whatever you want, as long as it is not illegal.

 

[mwzd]

It's not restricted to just email. We accepted a $10k offer on a domain at Afternic and then the buyer backed out claiming they were 'mistaken' on the extension.

My Afternic exec, though polite, actually said "You can't force anyone to pay", really? Then why do they charge commission?

And as far as Afternic goes, this wasn't my first such experience with them either...

 

[Domainace]

^^ good idea then to have a universal shitlist, restaurant owners for example could have some online database and charge the credit card by phone to those who are on that shitlist. win-win

I have heard of restaurants requiring a credit card number, and even deposits that way, before taking reservations.

Likewise, there is a service for domainers (the name's not coming to me now) that requires $10 from the person making the bid. It would certainly weed out the unserious bidders, but possibly a fair number of serious bidders as well.

 

[htmlindex]

Email chit-chats are not exactly legally binding.

Email general chat-chats might not be, but if a buyer & seller come to an agreement to buy/sell something via email, if that email address is sent from the company's email address & has their signature, I believe an email is as legally binding as any signed physical documentation. Correct me if I'm wrong....

 

[lennco]

This has happen to me Twice in the last two weeks and it can really piss you off.

I had a deal for $250 and another deal for $2000 for two different domains and they both flaked on me.

Both of them contacted me first and a deal was reached and I then sent them both an invoice for them to pay and the $250 guy never paid me so I canceled on him and the $2000 guy said he had to now think about it after he agreed on price.

I hate flakes

 

[holyroller]

Email general chat-chats might not be, but if a buyer & seller come to an agreement to buy/sell something via email, if that email address is sent from the company's email address & has their signature, I believe an email is as legally binding as any signed physical documentation. Correct me if I'm wrong....

You are correct, emails can and have been used legally to prove an agreement or contract. In fact a lot of business is done via email.

Be careful what you agree in an email, because it can and will be used in a legal dispute.

The difficult can come from different laws in different countries and Jurisdictions.

For example, in the UK although an email might be legally binding, but distance selling laws gives the potential buyer a certain period of time to withdraw from the sale. The same may also infact apply to other transactions via the internet also.

 

[DU]

Got one enduser who without any problems agreed on my price expectations (mid x,xxx for 3 names), we even "talked" about the process of buying/purchasing (BTW he own about 300+ domains and know how Sedo, Tdnam looks like). But than - silence.

He didn't reply on 2 my emails and yesterday I sent him an email asking if it was a joke or what - with no reply of course.

Not sure of the time-frame here but be aware I know of people in different parts of the country who have been out of office for over a week with a bad flu thing. You don't get their health status updates. Seattle & Omaha.

They may also need board approval on such a purchase which means someone else's absence may be an issue. Frankly, you may not be their priority.

Just ssying maintain good relations might be better - not asking if its a joke