Sedo Contracts ??

[laskoslaskos is verified member.]

Hi.

I have recently agreed a price on a domain on sedo, but the buyer has requested a contact to be signed ? Can anyone tell me why would someone want this ? and also has anyone done this before, and is it all above board.

I can understand if it was a £10,000 sale but for £800 ??? seems a bit silly to me.

Hope someone can put my mind at rest.

Thanks

Laskos

 

[dotti]

One reason someone might want this is if it is a company buying the domain. They are more likely to want something on paper. I wouldn't be too worried about it, especially if the money has already been paid to sedo.

 

[seeker]

yes, espcially if a company wants to write it off for tax reasons as an investmant...etc...

 

[SedoCoUk]

Hi Laskos.

It used to be the case that ALL transfers at Sedo had the written contract as mandatory. This changed around December last year / January of this year with the introduction of the new bidding systems and the online contract. In some cases, for example some Asian customers, a written contract is necessary for them to be able to send an international wire transfer - this is true of India as I have had several different clients cite this as a reason for needing the contract.

Justin.