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Old 07-01-2009, 12:07 PM   #9 (permalink)
randomo
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Quote:
Originally Posted by Focus View Post
Some initial advice I can give is to make sure ALL your potential qualified buyers are fully aware the name is for sale and to be in touch with the actual decision makers themselves. Expect to do alot of waiting and back and forth negotiating. You also need to make sure your domain asset is well protected by a well drafted sales contract from a domain name lawyer. (Like John Berryhill or Zak Muscovitch) Offering payment terms with a good down payment can make a very expensive domain name much more affordable and within the reach of more buyers to allow for making a deal with an interested party that may not be able to make full payment up-front. Make sure that no ownership interest is granted in the name until it's paid in full. If in default during the payment period you would keep any payments made and the domain.
I just want to recognize Focus for sharing some really valuable information here. This is the kind of thing that makes forums worthwhile!
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