Domain NDAs : Make sure they expire, eventually

If there’s one thing I regret about certain private domain sales, is that the NDA – non disclosure agreement – involved, does not expire.

I’d love to share some notable domain sales, as I often do when the buyer has secured their business launch and/or other TLDs. In the case of domain sales tied to an NDA, that’s virtually impossible.

Despite using as the primary handler of funds during a domain sale, utilizing the services of an attorney is a very prudent choice.

Attorneys specializing in contracts can draft an NDA agreement, handle the funds and take care of a domain sale’s particulars at nominal rates.

When the service is requested, if the terms of an NDA are negotiable, it’d be great to add an expiration date to the NDA itself. Setting a timeframe, such as one year or two years, is a way of ensuring that eventually, one can disclose all or partial details about a sizable domain sale.

After all, the domain community does benefit from the knowledge of comparable sales, even if they aren’t always indicative of future results.

It’s understandable, however, that many domain buyers aren’t too fond of such non-disclosures expiring, and one might face resistance in securing such closed-end terms.

However, like everything else in life, it doesn’t hurt to ask.

Happy holidays.

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