- Joined
- Apr 11, 2005
- Messages
- 555
- Reaction score
- 45
There's some drama over a non-paying buyer on DNF right now. If you have been selling domains for any period of time you have surely had someone make a bid or use BIN on a domain through a marketplace such as Sedo or Afternic, that ended up backing out. I know I have had probably dozens. I have also had several sellers back out of deals; some never had the name in the first place, while others claimed the BIN price was a mistake. My question is this:
On marketplace website where a bid or offer is "legally binding", has anyone ever successfully gone after the non-performing party to enforce the agreement or to recoup damages?
Bonus follow up questions: If not, how "binding" are these bids and offers, really? Has anyone ever enforced a Domain Sales Agreement that was privately entered and actually signed by the parties, which one party later backed out of?
On marketplace website where a bid or offer is "legally binding", has anyone ever successfully gone after the non-performing party to enforce the agreement or to recoup damages?
Bonus follow up questions: If not, how "binding" are these bids and offers, really? Has anyone ever enforced a Domain Sales Agreement that was privately entered and actually signed by the parties, which one party later backed out of?
