Buying domain names with a partner

domainking131

Forum Leader
Staff member
Some of the issues that can come up when buying a domain name in partnership, includes:

  • If someone has liquidity needs, the partner may not be willing to sell the domain name at that time for less than its optimal value.
  • The partners don’t have the exclusive ability to make a sale decision if a good offer is submitted.
  • This is different for most people who own domain names on their own.
  • In the event of a partner’s bankruptcy, the domain name may be frozen or otherwise encumbered.
  • One partner may have more lax security standards, potentially putting the domain name at risk of theft.
  • If a UDRP or lawsuit is filed, there may be disagreements on what lawyer to use and/or how to approach the action.
  • Partners may have different ideas about how to monetize the domain name
  • In the event of a death, a person’s assets may be frozen. Even if the domain name is available to be sold/transferred, the living partner may not legally be able to decide on a sale.
Source
 
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