Shared ownership domain, how to do it legally

[Forest.com]

Hi there!

I am the owner of a domain with an estimated value of $250.000 USD and would like to sell 50% of the ownership rights to a company in a difrent country then me.

The second party would like to work via an agreement.

Does anyone on this forum has an advice how the agreement should be setup or where I could buy/download agreements etc.?

Best Regards,
Jan Jaap

 

[Spade]

Hi there!

I am the owner of a domain with an estimated value of $250.000 USD and would like to sell 50% of the ownership rights to a company in a difrent country then me.

The second party would like to work via an agreement.

Does anyone on this forum has an advice how the agreement should be setup or where I could buy/download agreements etc.?

Best Regards,
Jan Jaap

Did you get the appraisal from Leapfish? j/k - is it the same domain that is your Nick?

 

[RJ]

For a transaction of that size, you should hire a lawyer to handle the contract. I wouldn't rely on an example one from the web. Have they mentioned would will be holding the domain name?

 

[DNQuest.com]

Seriously, why come here to ask for opinions? lol With that amount, go directly to a contract lawyer and bypass us. But make sure that ownership is clearly spelled out in the agreement, leave nothing to trust. Good luck to you...

 

[ofclean]

Looks like a scam... go to the site.

 

[smartpc]

When it comes to large amounts of money and partnerships trust nothing but professional advice....saves hassle in the end....

 

[Chicken]

Looks like a scam... go to the site.

A web page saying it is for 50% sale looks like a scam? Why would he come here looking to make a contract if he was going to scam someone?

 

[AdoptableDomains]

First, as others have said, use a lawyer for a transaction that size.

Opinion, not legal advice:
If I were doing this, I would want more than just a contract. I would create a legal entity or Trust to hold the name with the parties being stockholders, partners (in the legal sense), or Trustees. This way the domain would technically not be listed as owned by either party, but by a legal entity in which both parties have legal ownership. I would also want the entity and entity/contract subject to the laws of the country in which I resided if at all possible.

 

[Dave_Z]

Looks like a scam

My feminine side was also telling me that before I pressed Submit Reply. But...
I'm giving the OP the benefit of the doubt.

Given the potential complexities of two parties in opposite sides of the globe
working on a possible agreement, being able to enforce any of its terms poses
serious challenges.

 

[labrocca]

Contact Lawyer.

 

[Ronald Regging]

I would first contact a lawyer. Secondly, do what Adoptable suggested, thats probably the best way to go about the whole process. And Thirdly, I would try to find a partner that resides within your country, that way you can be assured that everyone is operating under the same laws and the venue for a dispute will be relatively close to home.

 

[.Andy]

Contact lawyer. However if you can not afford one here's what I would do:
(Now my legal advise disclaimer: I am not an attorney nor do I play one. I'm very smart and taking business legal in my high school but my knowledge stops there) I would suggest you find a register that lets you make sub accounts (like registerfly did before the ICANN problems ect.) Then give them limited access to the domain so they can change the site and maybe the name servers (in case of any problems) but not the whois information which would be your own details.

This is once again just what I would of done. USE AT YOUR OWN RISK