LegalSuggestionsNeeded ty
New Member
- Jurisdiction
- California
Hello,
I own a domain, and I have a lot of merchandise to sell under that domain. It was an idea I've had for years, but I put it on pause as too much going on in life.
A friend of mine loved the idea. He wants to run my idea or business and take it over 100%, until I decide to take it over, all he wants is part time extra income.
So far, hes been selling my merchandise for about 7 months on social media on his accounts and he takes a percentage on every sale, but he really needs a site to get things going even better.
I have a domain I bought years ago, that's business related. I'd like to transfer my website domain so he can have a better presense and sell more overall with a website. I love the way things are now, he does all the work, hes selling my merchandise under his business, he just sends me a check every two weeks. But my domain name would really help sales and business.
I'd like to transfer my domain to him, but only for a limited time, say 3-5 years. Until my kids are out of school, once they're done with school I'd like to get ownership of my domain again so that he no longer sells my merchandise but I do.
He is completely in agreement with this. He just likes that he can sell my products in the meantime and we both think the website would really help the business. He's willing to transfer ownership of my domain once I decide I want it back or once Im ready to run the business on my own.
I have enough merchandise to keep him busy for years, so I told him even once I run the business, I should still need his help, hes just happy to just be able to have a side gig.
Can I make a contract that he has to transfer domain to me in the future. And in the meantime, have him put it under his name get the business license under that domain name etc.
I don't want to be involved in the business license or anything of that sort for now, just way too much going on. I just like to receive my check every two for my items he sells for me and let him run things 100%. But he really does need my domain to get things really going.
Can I make my own contract without a lawyer. The business is good, but not good enough to be paying for lawyer fees etc. So wondering if I can write a contract myself, if so what would I need to make sure to put on it. Or is there a template I can use.
I did talk to an attorney and right off the bat they mentioned it'd be about $4,500. At this price range I'd be losing money. I'm ok paring a few hundred dollars or maybe up to $400 or $500 but at $4,500 I'd lose money.
I would appreciate any advice.
Thank you
I own a domain, and I have a lot of merchandise to sell under that domain. It was an idea I've had for years, but I put it on pause as too much going on in life.
A friend of mine loved the idea. He wants to run my idea or business and take it over 100%, until I decide to take it over, all he wants is part time extra income.
So far, hes been selling my merchandise for about 7 months on social media on his accounts and he takes a percentage on every sale, but he really needs a site to get things going even better.
I have a domain I bought years ago, that's business related. I'd like to transfer my website domain so he can have a better presense and sell more overall with a website. I love the way things are now, he does all the work, hes selling my merchandise under his business, he just sends me a check every two weeks. But my domain name would really help sales and business.
I'd like to transfer my domain to him, but only for a limited time, say 3-5 years. Until my kids are out of school, once they're done with school I'd like to get ownership of my domain again so that he no longer sells my merchandise but I do.
He is completely in agreement with this. He just likes that he can sell my products in the meantime and we both think the website would really help the business. He's willing to transfer ownership of my domain once I decide I want it back or once Im ready to run the business on my own.
I have enough merchandise to keep him busy for years, so I told him even once I run the business, I should still need his help, hes just happy to just be able to have a side gig.
Can I make a contract that he has to transfer domain to me in the future. And in the meantime, have him put it under his name get the business license under that domain name etc.
I don't want to be involved in the business license or anything of that sort for now, just way too much going on. I just like to receive my check every two for my items he sells for me and let him run things 100%. But he really does need my domain to get things really going.
Can I make my own contract without a lawyer. The business is good, but not good enough to be paying for lawyer fees etc. So wondering if I can write a contract myself, if so what would I need to make sure to put on it. Or is there a template I can use.
I did talk to an attorney and right off the bat they mentioned it'd be about $4,500. At this price range I'd be losing money. I'm ok paring a few hundred dollars or maybe up to $400 or $500 but at $4,500 I'd lose money.
I would appreciate any advice.
Thank you