Has anyone ever done this?

[ScottJ]

Just curious really, I made a post today on the possibility of writing into a sale a % of the 2nd sale if the domain was resold later on, does anyone know of any deals done like this or have any of you tried it for really top end domains where perhaps your valuation doesn't match the buyer but you both want to do a deal.

 

[GreyWing]

Trouble is mate that they could sell the name to their wife or husband at a loss and then wouldn't owe you anything, the wife then sells to another person at a genuine price.

Just seems a few pitfalls to be had.

 

[bb99]

I asked about this back in 2005:

http://www.acorndomains.co.uk/sold-domains/1327-selling-domains-contract-sale.html

And nobody seemed to care :mrgreen:

 

[stevebrowne]

kind of like football players when they have a sell-on clause?

 

[FC Domains]

And a lot (most?) of the high sales prices are works of marketing.
And you only paid Nominet £5, are you going to cut them in?

 

[rob]

I have done similar but more on a trust/informal basis.

As above, unless its tighter than tight its hard to enforce. Ltd owning the name and then you sell 90% of shares or the like could be a way of doing similar but then miniority shareholding causing issues....

 

[ScottJ]

I asked about this back in 2005:

http://www.acorndomains.co.uk/sold-domains/1327-selling-domains-contract-sale.html

And nobody seemed to care :mrgreen:

Great minds....!

Nothing much has changed there in the last couple of years then,
I can see the pitfalls for sure, not really easy to implement and see through and could be open to abuse, still an interesting concept.

 

[Takwa]

wasn't there a company that was a topic here, that was letting you sell shares for a domain name, I think that would work better I guess, since you can't really trust people to find a loophole.

 

[rob]

Fido / Fusu that type of thing. Not really a flyer for domains IMHO as outlined in the thread if anyone finds it

 

[ScottJ]

I wouldn't be talking about split ownership, more a % on a 2nd sale, it looks like that is what Rick was alluding to with his sale of property.com

Like with all other numbers, I am scared to even put in print what I believe the TOTAL value of this deal to be. It's a big number that will grow and grow and someday can get a 2nd payday if this is sold, that is even bigger than this one.

 

[bensd]

There are similar things done in the property world:

1. Some New Homes developers keep a 25% share of the property when the sell it, so whenever the property is sold on the take 25% of the sale price.

2. Sometimes when land is sold without planning permission and is then sold again or the new owner gains planning permission the previous owner recieves a cut.

-Ben

 

[paymatters]

Trouble is mate that they could sell the name to their wife or husband at a loss and then wouldn't owe you anything, the wife then sells to another person at a genuine price.

Just seems a few pitfalls to be had.

You could add a clause that you get first refusal to match any offers for the domain.