- Joined
- May 28, 2008
- Messages
- 207
- Reaction score
- 34
I perfectly understand going to sleep once a verbal agreement is reached, especially at 4am. Imagine working on a deal over a couple days, with all the adrenaline involved, and finally concluding it and coming to agreement at 4am. Then the guy says he'll send the paperwork. Maybe I have a breakfast appointment in a few hours. I would get some sleep, unless he clearly said the deal is non-binding until the paperwork is signed. Then I would suffer another couple hours.
The questions is whether Domain Holdings made clear that it was non-binding. My first questions to William would be this: Are you sure they did not tell you it was non-binding? Or maybe they told you, but it was poorly communicated (there is a slight language barrier)?
It's fine to give yourself an out to a verbal agreement, I do all the time - especially after a night of drinking. ("I'll just have to clear it with my accountant/boss/wife/partner") The question is, did Domain Holdings have such an out? William hasn't clearly said that they didn't. If the entire negotiation took place by chat, then it should be easily resolved by posting the conversation before the deal went south. If some of it took place by phone, then it's more difficult.
The questions is whether Domain Holdings made clear that it was non-binding. My first questions to William would be this: Are you sure they did not tell you it was non-binding? Or maybe they told you, but it was poorly communicated (there is a slight language barrier)?
It's fine to give yourself an out to a verbal agreement, I do all the time - especially after a night of drinking. ("I'll just have to clear it with my accountant/boss/wife/partner") The question is, did Domain Holdings have such an out? William hasn't clearly said that they didn't. If the entire negotiation took place by chat, then it should be easily resolved by posting the conversation before the deal went south. If some of it took place by phone, then it's more difficult.