NameCheap and SpaceShip Clauses - Holding me back

[Charac]

Evaluating these two low cost registrars. Other than this, everything looks good:

With SpaceShip in essence founded by NameCheap, the agreements ready similar. Paraphrased, state that if they become threatened with a lawsuit the customer will either get a performance bond Or deposit with them an amount equal to a years anticipated expenses for a year. That is, in advance.

In the case of SpaceShip, they have spelled out this condition even for the event of an "administrative proceeding".

While I think the odds for this are low for the names I register, you never really know. Can anyone help shed some light on this?

 

[SixFigures.ltd]

Just follow basic common sense like avoiding copyright infringement etc. and relax.

 

[Charac]

Just follow basic common sense like avoiding copyright infringement etc. and relax.

Oh I do. I run USPTO searches. That doesn't mean someone won't come out from the fringes...

 

[forge]

like avoiding copyright infringement etc.

I think you mean trademark law/rights, rather than copyright matters.

 

[SixFigures.ltd]

I think you mean trademark law/rights, rather than copyright matters.

Yeah, my bad

 

[enetwork]

Evaluating these two low cost registrars. Other than this, everything looks good:

With SpaceShip in essence founded by NameCheap, the agreements ready similar. Paraphrased, state that if they become threatened with a lawsuit the customer will either get a performance bond Or deposit with them an amount equal to a years anticipated expenses for a year. That is, in advance.

In the case of SpaceShip, they have spelled out this condition even for the event of an "administrative proceeding".

While I think the odds for this are low for the names I register, you never really know. Can anyone help shed some light on this?

We've been doing business for almost 25 years with tens of millions of domains sold and managed and we have never once activated this clause.

 

[Charac]

We've been doing business for almost 25 years with tens of millions of domains sold and managed and we have never once activated this clause.

That helps enormously. Hopefully clarifies for many. Great service-vibes. Thanks.

 

[NameGroove]

We've been doing business for almost 25 years with tens of millions of domains sold and managed and we have never once activated this clause.

This sort of response misleads. The part of the answer you didn't say is... "until we do." If it is something you never will do, remove the clause. Oh, so you don't want to remove the clause? Then we must assume you will activate the clause at all times.

I'm not picking on your company, but this sort of response happens all the times from lawyers in a variety of industries. They refuse to remove the clauses (and perhaps for good reason). But the business people go around saying, we never used it. Those two things are at odds. The day will come when it will be used. If it wasn't to be used, the lawyers would remove it.

 

[falez]

We've been doing business for almost 25 years with tens of millions of domains sold and managed and we have never once activated this clause.

Do you mind sharing the exact clause here considering the OP's paraphrasing did not seem too great?