Make Sure The Seller Can Legally Sell You a Domain Name
After a few weeks of back and forth negotiations with the Whois contact on a great domain name, I came to terms and agreed to buy the name in a five figure deal. The price was more than I initially wanted to spend, but I felt it was still going to be a very good deal with enough upside to take the risk. All was going well, but he needed to wait to pull the trigger until his wife’s website could be moved to an alternate domain name.
Fast forward a couple of weeks, and I hadn’t heard anything back regarding the domain name. I called the domain owner, and apparently there was some “family discord” about selling the domain name and relocating the website. The wife, who owns the website, was not happy at all that the husband, who has ownership of the domain name, had agreed to sell the domain name.
Luckily for me, this happened before the deal actually transpired. Had I bought the domain name and the woman had an issue after the deal, I could have been in a legal murky area. Although the domain name was registered to the husband, the wife may have had some say over the domain sale, and that could have been problematic, especially since it seems that she owns the actual business.
When you’re buying a domain name, it’s important to ensure that the domain name registrant has the authority to sell a particular domain name. You can do research to see if he/she owns the company or is a domain manager. If the later, you better check with company management before you execute your deal. Yes, it may actually kill your deal, but it will certainly save you trouble if the deal wasn’t legit.
I am still hoping the husband can convince his wife to sell the domain name, but I am glad it didn’t get tangled in personal issues.
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