Help with Domain name purchase and rental

[redbird]

If it is personally owned by a director you may want to consider the following that could happen in the future without some safeguards being in place.

What if the director ceases to be involved with the company, does the lease agreement continue? or could the director decide to terminate the agreement and leas the domain to another company instead in the future (maybe even one he sets up on his own). Consider the impact to the existing company if that were to happen.

The most secure (and I would also say logical) way is for the company to own the domain. If that isn't possible then setting up some legally enforceable safeguards would in my opinion seem a sensible course of action at the very least.

 

[humble pie]

I think he deserves a pat on the back for being proactive and having the bollocks to get the name the company really needs to take it forward. £300 pm is nowt really long term, don't know what the fuss is about. I can see it is a bit maverick-esq but its the right decision.