Oldantiques
New Member
- Jurisdiction
- California
My friend is starting a business for a few years only, then he wants out. I own a website or catchy domain name, that he would like to use the website for a few years to get his business started and I like the business idea.
He said he is willing to just walkaway from the business in a few years. And he is willing to give me back the website and customer leads etc. But for now, its his inventory, his products and I think its best if he is owner of the website and domain and thats what we both prefer, so when people or customers look up the site, he shows up as the owner, not me. So basically I would give him my domain and website so he can put under his name.
In several years, I want the website back. Im not interested in his products, clients etc. I just want the website back as he will make improvements on it and he will pay to market the site for several years. But in a few years (5 years) I want him to return my domain name or website, because by then hopefully hes grown the traffic since currently the website is doing nothing,
So how can I give him my website or domain name and in a 5 years he is obligated to return the website to me? My main desire is the domain name, its a good domain and thats why he likes my site also, mainly because of the domain name. So he will put money in marketing the site while he is running it. And in 5 years I want full control of it. He is ok with this as he plans to retire from the business by then.
Thank you
He said he is willing to just walkaway from the business in a few years. And he is willing to give me back the website and customer leads etc. But for now, its his inventory, his products and I think its best if he is owner of the website and domain and thats what we both prefer, so when people or customers look up the site, he shows up as the owner, not me. So basically I would give him my domain and website so he can put under his name.
In several years, I want the website back. Im not interested in his products, clients etc. I just want the website back as he will make improvements on it and he will pay to market the site for several years. But in a few years (5 years) I want him to return my domain name or website, because by then hopefully hes grown the traffic since currently the website is doing nothing,
So how can I give him my website or domain name and in a 5 years he is obligated to return the website to me? My main desire is the domain name, its a good domain and thats why he likes my site also, mainly because of the domain name. So he will put money in marketing the site while he is running it. And in 5 years I want full control of it. He is ok with this as he plans to retire from the business by then.
Thank you