Legally binding offer removed

[mrcurly]

Hi,

I cannot say what domain I am talking about but I have had a high $x,xxx offer come through Afternic on one of my domains, a domain broker then came through buydomains to say would I sell the domain for the amount submitted and I agreed. The broker has now removed the legally binding offer through afternic and has told me that he has sent the potential buyer a "buy it now" link and checkout.

If this buyer does not respond to the brokers email then I have nothing to fall back on as the offer submitted through afternic has been removed by the broker, is this the norm? or a mistake on the brokers behalf?

Any fast response would be appreciated as I am in contact with the broker now.

 

[biggie]

did you read Afternic's and BD's broker TOS?

 

[mrcurly]

did you read Afternic's and BD's broker TOS?

no, but it seem's very strange to remove an offer that is legally binding, and now I have to hope that they buy it through a link

 

[biggie]

no, but it seem's very strange to remove an offer that is legally binding, and now I have to hope that they buy it through a link

:talk:

if you didn't read it....

then how do you know that the "binding agreement" is binding or if it is binding only under certain circumstances or if brokers or you, have authorization to remove or edit the agreement.

knowledge is key!


imo...

 

[DU]

:talk:

if you didn't read it....

then how do you know that the "binding agreement" is binding or if it is binding only under certain circumstances or if brokers or you, have authorization to remove or edit the agreement.

knowledge is key!


imo...

Because everyone assumes everything is legally binding.. and even if it is they assume that the law will make it easy to rectify.

Nothing is typically binding until you get offer, terms including method of payment and transfer etc. etc.

I'm not sure how a Brit sues an Indonesian over a domain bought through a US listing agency- for example - without risking far more $$ than it's worth.

 

[mrcurly]

then how do you know that the "binding agreement" is binding or if it is binding

I though the process was the same everywhere, I know that when you make an offer through Sedo they let you know that your offer is binding before you submit.

It would come across a bit silly if an offer was binding at Sedo, not at Afternic, and maybe at Go-daddy ??

The broker at BD has contacted me today saying the potential buyer should be wrapping things up soon and buying it through the link (instead of me accepting the maybe binding offer through Afternic that has been deleted)..........we shall see..

Appreciate the comments guys, and the pm's with advice.

Cheers

Stu

 

[Ronald Regging]

Honestly, I fail to see how contracts are legally binding, EVER... Don't get me wrong... I can read a contract and understand it... But, 99% of people either don't bother reading it or even if they do, have absolutely no idea what it means... I think the "full disclosure" gets lost in the details.