http://www.thedomains.com/2007/12/28/backing-out-of-a-deal-should-you-call-your-lawyer/ Fri, 19 Mar 2010 06:10:37 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.thedomains.com/2007/12/28/backing-out-of-a-deal-should-you-call-your-lawyer/comment-page-1/#comment-124 Jeff Reynolds Mon, 31 Dec 2007 02:18:35 +0000 http://www.thedomains.com/2007/12/28/backing-out-of-a-deal-should-you-call-your-lawyer/#comment-124 I was the buyer mentioned in Eliot's post. Seller emailed me with a bunch of names. I pick one and ask for price. He names price and I agree. He starts Escrow.com transaction. I agree to terms and submit payment within minutes. An hour later he emails “I was brokering this name for a friend but he does not want to do this deal.” Later he posts his story about two seperate buyers. I got the $80 escrow fee back, but what about my time and what about the domain name I contracted to buy? I’m not one to let little things suck up my valuable time, but perhaps making this guy a poster boy for contract accountability would help clean up this industry a bit. The domaining world is headed in the wrong direction and an infusion of ethics and professionalism in 2008 would help enhance our standing in the business world. I was the buyer mentioned in Eliot’s post. Seller emailed me with a bunch of names. I pick one and ask for price. He names price and I agree. He starts Escrow.com transaction. I agree to terms and submit payment within minutes. An hour later he emails “I was brokering this name for a friend but he does not want to do this deal.” Later he posts his story about two seperate buyers. I got the $80 escrow fee back, but what about my time and what about the domain name I contracted to buy? I’m not one to let little things suck up my valuable time, but perhaps making this guy a poster boy for contract accountability would help clean up this industry a bit. The domaining world is headed in the wrong direction and an infusion of ethics and professionalism in 2008 would help enhance our standing in the business world.

]]> http://www.thedomains.com/2007/12/28/backing-out-of-a-deal-should-you-call-your-lawyer/comment-page-1/#comment-123 Legal Ramifications of Breaking a Deal | DomainBusiness.cc Sun, 30 Dec 2007 08:27:40 +0000 http://www.thedomains.com/2007/12/28/backing-out-of-a-deal-should-you-call-your-lawyer/#comment-123 [...] my friend Mike Berkens discussed the legal aspect of a buyer reneging on a deal. There are many variables that come into [...] [...] my friend Mike Berkens discussed the legal aspect of a buyer reneging on a deal. There are many variables that come into [...]

]]> http://www.thedomains.com/2007/12/28/backing-out-of-a-deal-should-you-call-your-lawyer/comment-page-1/#comment-120 Elliot’s Blog » Blog Archive » Legal Ramifications of Breaking a Deal Sat, 29 Dec 2007 12:56:32 +0000 http://www.thedomains.com/2007/12/28/backing-out-of-a-deal-should-you-call-your-lawyer/#comment-120 [...] my friend Mike Berkens discussed the legal aspect of a buyer reneging on a deal. There are many variables that come into [...] [...] my friend Mike Berkens discussed the legal aspect of a buyer reneging on a deal. There are many variables that come into [...]

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