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buying a website

What Do You Own When You Buy A Website?

By Website Lawyer, Website Legal Documents

What Do You Own When You Buy A WebsitePaul borrowed against his 401k account to buy a website that sold accounting software.

But after the deal closed, Paul had no idea what he owned. Because he didn’t get the right website legal protection.

Common Website Ownership Issues

In fact, Paul received an email from a stock photo agency demanding $5,000.

Why? Because the seller had been posting images on the site without licensing the right to use them.

Then it got worse…

Paul discovered the accounting app sold on his site was a re-branded version of someone else’s application.

  • He didn’t know if he had the legal right to sell the software.
  • And if he did, there were hundreds of competitors selling the same application.

When you buy a site, it’s important to know what you’re purchasing. Otherwise, you’ll overpay.

In some cases, you’re buying a headache…or even a lawsuit!

Where To Get Help When You Buy A Website

An experienced Website Lawyer can help you avoid these problems before you buy a site.

Now if you’re thinking about purchasing a site, it’s time to talk with Internet Attorney Mike Young.

3 things you must know when buying or selling a website

By Internet Lawyer

If you want to buy or sell a website, here are a few things you’ll want to consider…

1. Will there be a broker involved? Website brokers can put buyers and sellers together but there will be a commission for doing so. Know who the broker is representing (you or the other side).

2. Will the website’s assets be sold (e.g. domain name, client list, etc.) or will the entity (e.g. corporation or limited liability company) that owns the website be sold? There are different liability issues depending upon how the sale is structured.

3. If only part of the purchase price is being paid up front, how will the intellectual property (e.g. domain name, copyrights, etc.) be protected if payments stop? Who will own it? The buyer or the seller?

It’s a great time to buy websites if you’re looking to own your own business. It’s also a nice time to sell websites because many downsized employees are looking to own their own business.

Just be careful when structuring the transaction so that you’re not getting burned in the process.

TIP: A great way to pick up some websites related to what you’re already doing online is to search for a keyword/key phrase in your business on Google. Find some aged sites with stale content that are still ranking on pages 2 or 3 of the search results for your keyword or phrase, and make the website owner a lowball offer for the site.