It is aadvisable that you send them a notice giving them time period to buy the domain name, failing which you will be constrained to start ur own business on the said domain name since you have spent considerable amount on maintaining the domain name. If they are not buying and you bought for them then they cannot stop u from using for personal benefit.
Issue related to website
I have booked a domain name in the name of one of the largest business persons in the country . He holds big stature of companies . The domian name was registered by me way back in 2004 and now its 11th year , that I am still possessing it with no advantage . I asked by mail and postal correspondence , telephone that if the concerned person wants to buy that domain , but he refused every time I approached his office . My problem is that I have to pay annual charges of around 3,000 Rs to maintain it and till date I have spent around 40,000 Rs . The concerned person is not able to shell the money and I am stuck as I cant do any business in it .If I publicize my business in paper or any such media , I will be stopped . So , what shall I do in this case ? If the company does not want to buy it (though they have no money constraint) then I shall be allowed to do any business in it...?
Asked 9 years ago in Intellectual Property
Ask a question and receive multiple answers in one hour.
Lawyers are available now to answer your questions.
2 Answers
Hello Shaveta ji I want to ask a follow up question . a) The company and the business concerned , one of the big business man offered that he will buy this domain name for 10,000 RS (Ten thousand ruppeess only ) . However , the name is very unique and its price should be much higher than this . Will I be forced to sell this domain name to him , if they are ready to buy as such a small price and can't I raise a higher demand price for them. b) What is the criterion for determining the price , will it be decided by me , by them ...or by any 3rd party . c) How many days notice shall I serve to them . d) Can I hire you to send the notice to them and the follow up case . My mobile number os [deleted] (Ashish)
Asked 9 years ago
Yes u can demand the price as you quote since u are the seller. The criteria can differ. You can add all the prices paid by u for maintaining the website. 30 days notice should be fine.
If u want tohire my services, plz contact me on my mail id. [deleted]