Enjoy unlimited access to all forum features for FREE! Optional upgrade available for extra perks.
Domain summit 2024

cctld Domain name registration interests are property - call your lawyer and accountant!

Status
Not open for further replies.

msn

Level 8
Legacy Exclusive Member
Joined
Aug 16, 2004
Messages
1,239
Reaction score
36
Feedback: 27 / 0 / 0
As a direct result of the decision at the Ontario Court of Appeal for Tucows over the domain name renner.com that domain name registrations can constitute property, and thus leaving the domain with Tucows, the UDRP process has been weakened and registrants have a clearer path to retain their registrations.

You can read a good article about it here.

The decision is helpful to domain name registration holders, but it may have implications as well for how you now account for domain name registrations on your books as well. Ask your account to go over the situation with you.
 
Domain summit 2024

katherine

Country hopper
Legacy Exclusive Member
Joined
Jul 9, 2005
Messages
8,428
Reaction score
1,290
Feedback: 65 / 0 / 0
Asset or property ? Both terms are used in the article excerpt.
 

msn

Level 8
Legacy Exclusive Member
Joined
Aug 16, 2004
Messages
1,239
Reaction score
36
Feedback: 27 / 0 / 0
Asset or property ? Both terms are used in the article excerpt.

In the decision it was deemed that the intangible asset as the domain name registration constitutes personal property.

Let me oversimplify a bit:

At the tender age of 18 you open a shop in a small storefront on a street in a less-frequented part of your town, and sign a 20 year lease with the owner of the building for the space.

Five years later, many new businesses move into the neighbourhood and things really go well for you with many new customers.

After another five years, things are going so well, and the area has become so very popular that more shops and restaurants want to have a location on your street than there is available space. One such business comes to you and offers to buy your interest in your lease for twenty times what your annual profits are, and you happily agree to the deal.

Even though you do not own the building, and even though you can only remain there as long as you renew your lease and continue to pay the agreed amounts, you have an intangible interest there with your shop which takes form in the rights you have from having the lease, which is a nice parallel to domain name registrations.

The court, having recognized this, has codified what many of us have long believed and thereby set a foundation stone for the maturation of this industry.
 
Status
Not open for further replies.

The Rule #1

Do not insult any other member. Be polite and do business. Thank you!

Sedo - it.com Premiums

IT.com

Premium Members

AucDom
UKBackorder
Be a Squirrel
MariaBuy

New Threads

Our Mods' Businesses

UrlPick.com
Free QR Code Generator by MerchArts

*the exceptional businesses of our esteemed moderators

Top Bottom