I going to be purchasing a domain from a domainer. He wants $xx,xxx.
My question is. How to best present a proposal when I dont have that kind of cash at the moment but really want/need the domain. I would like to propose paying a deposit of 10 or 20 percent then setting a time frame to pay the remainder. Just to take it off the market while i go forward with a related domain. If the site is successfull I will be paying remainder within 3 to 6 months, if not then he can keep deposit and put it back on the market.
This is entirely up to him, if he would accept such a proposal. But lets say he does. What kind of paperwork should we get drawn up to to state that he cannot sell it to anyone else before the expiry date of our agreement? Similar to a Purchase and Sale contract when buying a home. Pay a deposit and set a closing date for later.
I will ask my lawyer, but wanted some guidance from some experienced people first.
My question is. How to best present a proposal when I dont have that kind of cash at the moment but really want/need the domain. I would like to propose paying a deposit of 10 or 20 percent then setting a time frame to pay the remainder. Just to take it off the market while i go forward with a related domain. If the site is successfull I will be paying remainder within 3 to 6 months, if not then he can keep deposit and put it back on the market.
This is entirely up to him, if he would accept such a proposal. But lets say he does. What kind of paperwork should we get drawn up to to state that he cannot sell it to anyone else before the expiry date of our agreement? Similar to a Purchase and Sale contract when buying a home. Pay a deposit and set a closing date for later.
I will ask my lawyer, but wanted some guidance from some experienced people first.