Sample Contract to sell your website

Tips on How to Transfer Your Website Once it's Sold.

We get allot of inquiries about how to properly transfer a website to a new owner, so we have written this article to help you out.

Legal Notice: BuySellWebsite^tm is not providing you with legal advice, the following is only a summary of some of our transaction experience in the past. We are not a licensed Business Broker or Attorney. You must make your own decisions and come to your own conclusions about how to proceed with your transaction.

Normally the transfer of a website is completed in steps with the buyer sending a deposit to take if off the market and a final payment to complete the sale of the business.

There are a number of ways to accept payment if you are the selling party. The fastest would be an online payment method such as PayPal.com but other acceptable methods would be Western Union or postal mailing a cashiers check.

We recommend using the fastest possible means because deals invariably stall out or fall apart the longer it takes to complete the transaction.

Once final payment is received all login information should be passed to the new owner and the domain name officially transferred to the new owner. The person who registered the domain name will need to go to the website they originally registered it with and login and change to the new owners information. Two of the largest domain name registration websites are NetSol.com and GoDaddy.com

A great way to ensure a smooth transfer between parties is to use an Escrow service like GreatDomains.com for the domain name. It can really ease tensions to have a third-part involved.

Although all transaction are unique, many have some of the same characteristics. Below is a sample contract.

You can copy and paste this into an email and ask for an I agree or I disagree or you can print it out and fax or postal mail.

Side Note: This contract method is normally used for businesses under $100,000. However, it may be used for any business value. It should be at your discretion of when to use a lawyer to draw up a contract.

Sample Contract:

Bill of Sale for samplewebsite.com

Buyer: John Doe 1324 Ridding Lane Miami, FL 32556

Seller: Jane Doe 4321 Driving Rd. New York, NY 11002

Date: MM/DD/YYYY

The bill of sale normally includes at least three to four paragraphs describing what is being transferred such as images, text, copyrights, trademarks, domain name, non-competition and any support provided by the seller.

It is normally written in plain English so both parties can easily understand and should be as concise and to the point as possible, trying to stay away from too much legal language. Just describe what is included in the sale.

Then describe the terms of the payment. Many times this is 10% down, which is non-refundable, this takes the website off the market and then is immediately followed by a lump sum payment or sometimes a lump sum plus some additional payments stretched out over a year. When payment is completed ownership is officially transferred to the new owner.

We recommend using a service like PayPal.com to send the 10% non-refundable deposit and then using FedEx to receive a Cashiers' Check or Money Order for the remaining balance.

There are so many different payment scenarios it's not appropriate to list them all, so you'll need to decide what is right for your particular transaction.

(It is normally ended like this.)

SampleWebsite.com is a debt free business in good standing.

This sale is final.

Todays Date: MM/DD/YY

Buyer: Signature

Seller: Signature

BuySellWebsite^tm is not providing you with advice, this is only a summary of some of our transaction experience in the past. We are not a licensed Business Broker or Attorney. You must make your own decisions and come to your own conclusions about how to proceed with your transaction. BuySellWebsite^tm is not responsible for any transactions.