DomRev – Domain Names

Domain Name Trap?

I was contacted by a domain broker in the US (I’m in UK), and was given a very generous offer for a .com domain. After initiating a sell/buy via SEDO, I was sent a sale agreement by the broker. The agreement was a generic type, and specifies that both seller/buyer has the right to expect compliance with the agreement within a reasonable time.

Problem – I’ve signed and sent back the agreement, and SEDO have invoiced the buyer for escrow payment. That was 17 days ago. With such a time delay, I’ve contacted the buyer several times to enquire if they are still interested in the domain name, and why the payment has not arrived at SEDO. They fail to respond to all emails, though before contacting them was easy.

Problem – Am I legally bound to sell the domain name to them, no matter how long they intend to hold-back payment (weeks, months, years!), or is there a ‘reasonable time’ factor involved with such things? Have I been duped?

BTW – I’ve yet to receive their signed agreement.

Thanks

sorry but you have been conned!!
put it down to experiance.
if you want a domain name and someone you trust that hosts it then go with yahoo
http://smallbusiness.yahoo.com/

Posted in Generic Domain Names