- Joined
- Sep 3, 2007
- Posts
- 101
- Reaction score
- 19
I did this a few years back with a high XX.XXX Euro Domain.
The Paymentplan went over 9 month or so. All worked fine.
Make sure that you Sedo commission is payable only based on the payments secured and released to you. Sedo should not get the full commission with the first payment.
Further more write in the contract that what happens when buyer is delayed, and when exactly are they delayed, and which steps will be triggered.
it is not enough to write that the name comes back to you, you might end up with 50% of ownership in the domain name.
The best way is that all payments are a rent, then at the end when they paid you 99.999 GBP, they can buy the domain for 1 GBP.
This is the best way to make really sure that you stay owner of the domain if they fail to pay.
The Paymentplan went over 9 month or so. All worked fine.
Make sure that you Sedo commission is payable only based on the payments secured and released to you. Sedo should not get the full commission with the first payment.
Further more write in the contract that what happens when buyer is delayed, and when exactly are they delayed, and which steps will be triggered.
it is not enough to write that the name comes back to you, you might end up with 50% of ownership in the domain name.
The best way is that all payments are a rent, then at the end when they paid you 99.999 GBP, they can buy the domain for 1 GBP.
This is the best way to make really sure that you stay owner of the domain if they fail to pay.
