This morning, I wrote about Univision’s acquisition of the TUDN.com domain name. One thing I noticed just now is that Univision had filed for a trademark on TUDN in October of 2018. I think it is a good idea to look at trademark filings before negotiating the sale of a domain name. There are probably more than just a couple of reasons to look for a trademark before negotiating the sale of a domain name, but I will share two:
As you may have heard, a company called Close acquired the Close.com domain name after operating on Close.io since its inception. The company detailed how it acquired Close.com in a blog post, and I shared some of my thoughts about the company’s acquisition of Close.com.
I think there was one additional valuable takeaway from the story that I don’t think anyone really discussed. Despite the fact that the former owner had the awesome Close.com domain name before selling it, that startup ended up not being as successfully as originally hoped. From the Close blog post detailing the purchase:
This morning, I woke up to a long (and thoughtful) email asking me an extensive question related to buying a domain name when there are associated trademarks. The person used one of my domain names as an example but told me he was interested in buying a different domain name that he thought had a similar issue.
My response to him was “That is a better question suited for a lawyer with trademark expertise.”
Rick Schwartz shared some advice on Twitter that I agree with completely. When you close a deal, make sure all aspects of the deal are memorialized in an email:
Here is my #1 tip
Don’t do business over the phone!
Do 99.9% of business via email.
Make sure everything that is agreed on is memorialized in an email if u do talk by phone. Do it ASAP & make sure 2 get a confirmation back.
It prevents Convenient Memories 100%#Domains
— Rick Schwartz Domain👑King® (@DomainKing) April 24, 2019
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