If the buyer doesn't pay

.co.uk · 18-06-2011, 10:04:37 PM

Hi all, I've recently been made an offer for a domain via Sedo which I've accepted. It's been a few days now and I was just wondering if the buyer doesn't pay is the agreement really enforceable? They say it'a legally binding agreement but does that mean I'd have to sue the buyer if payment wasn't followed through? It's not a major amount of money so I won't bother chasing it up if it will be left to me to sue the buyer.

Anyone any experience of this?

Edwin · 18-06-2011, 10:20:18 PM

Quote:

Originally Posted by .co.uk

Hi all, I've recently been made an offer for a domain via Sedo which I've accepted. It's been a few days now and I was just wondering if the buyer doesn't pay is the agreement really enforceable? They say it'a legally binding agreement but does that mean I'd have to sue the buyer if payment wasn't followed through? It's not a major amount of money so I won't bother chasing it up if it will be left to me to sue the buyer.

No, it's not enforceable. Or more accurately, it is, but it's 100% up to you to take the legal action so in practice it generally won't be worth it. Sedo will limit themselves to providing the buyer's contact information, if you're lucky!

.co.uk · 18-06-2011, 10:36:24 PM

That's for that Edwin. Thought as much! No biggy....I'll just sit on it a bit longer!

Bailey · 19-06-2011, 12:16:06 AM

Yep - Sedo do employ a lot of strong words for their 'Middle-man' stance. But, certainly nothing enforceabale or to my knowledge applied.

websaway · 19-06-2011, 10:22:12 AM

It happened to me recently and the buyer who failed to pay was

But these are flats in London and the chance of chasing him successfully would be risky.

websaway · 20-06-2011, 08:30:21 AM

Quote:

Originally Posted by websaway

It happened to me recently and the buyer who failed to pay was

But these are flats in London and the chance of chasing him successfully would be risky.

Hi Paulas
I notice you've removed details of the sedo non payer.
Isn't it possible to name and possibly shame hoax buyers from sedo ?

tifosi · 20-06-2011, 08:54:50 AM

No, it's a worthless contract in those terms. All sedo will do is open up the buyers details, which may or may not be useful. It's up to you to follow it up.

Happened too many times, amongst other issues with sedo, so I didched them over a year ago.

S

websaway · 20-06-2011, 09:15:53 AM

Quote:

Originally Posted by tifosi

No, it's a worthless contract in those terms. All sedo will do is open up the buyers details, which may or may not be useful. It's up to you to follow it up.

Happened too many times, amongst other issues with sedo, so I didched them over a year ago.

S

I posted the name and address of an individual who reneged on a purchase above. but it was removed. Is it sedo or acorn who objected to his details being published.

tifosi · 20-06-2011, 09:20:00 AM

More likely the AD moderators covering Alan's back.

What data sedo give you is for your use, and not for displaying publicly.

S

websaway · 20-06-2011, 09:44:12 AM

Quote:

Originally Posted by tifosi

More likely the AD moderators covering Alan's back.

What data sedo give you is for your use, and not for displaying publicly.

S

So do you think sedo ban the non payer from bidding on domains in the future ?

18-06-2011, 10:04:37 PM	#1 (permalink)
.co.uk Join Date: Nov 2004 Posts: 260 No Classified Ratings Domain Trader Rating: (100% / 3)	If the buyer doesn't pay Hi all, I've recently been made an offer for a domain via Sedo which I've accepted. It's been a few days now and I was just wondering if the buyer doesn't pay is the agreement really enforceable? They say it'a legally binding agreement but does that mean I'd have to sue the buyer if payment wasn't followed through? It's not a major amount of money so I won't bother chasing it up if it will be left to me to sue the buyer. Anyone any experience of this?

19-06-2011, 12:16:06 AM	#4 (permalink)
Bailey Join Date: Apr 2009 Location: Essex UK Posts: 1,619 No Classified Ratings Domain Trader Rating: (100% / 4)	Yep - Sedo do employ a lot of strong words for their 'Middle-man' stance. But, certainly nothing enforceabale or to my knowledge applied. __________________ TheDon dot Com

19-06-2011, 10:22:12 AM	#5 (permalink)
websaway Join Date: Mar 2007 Posts: 1,525 No Classified Ratings Domain Trader Rating: (100% / 2)	It happened to me recently and the buyer who failed to pay was But these are flats in London and the chance of chasing him successfully would be risky. Last edited by SecNam; 19-06-2011 at 10:34:25 AM. Reason: personal info removed by request

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18-06-2011, 10:36:24 PM	#3 (permalink)
.co.uk Join Date: Nov 2004 Posts: 260 No Classified Ratings Domain Trader Rating: (100% / 3)	That's for that Edwin. Thought as much! No biggy....I'll just sit on it a bit longer!

20-06-2011, 08:54:50 AM	#7 (permalink)
tifosi Join Date: Oct 2004 Location: Lancashire Posts: 1,907 No Classified Ratings Domain Trader Rating: (100% / 9)	No, it's a worthless contract in those terms. All sedo will do is open up the buyers details, which may or may not be useful. It's up to you to follow it up. Happened too many times, amongst other issues with sedo, so I didched them over a year ago. S

20-06-2011, 09:20:00 AM	#9 (permalink)
tifosi Join Date: Oct 2004 Location: Lancashire Posts: 1,907 No Classified Ratings Domain Trader Rating: (100% / 9)	More likely the AD moderators covering Alan's back. What data sedo give you is for your use, and not for displaying publicly. S