Liability & Legality

**dogisland** · 09-05-2006, 09:21 AM

Has anyone any experience buying a website that has existing income.

I'm interested in knowing

1. Did you use escrow ?
2. Did you write up a contract ?
3. How did you go about verifying claimed revenue figures ?

Thanks

**007** · 09-07-2006, 06:08 PM

1. Yes
2. No
3. Screenshots of stats and earnings reports over several months of stats.

Also, it doesn't hurt to talk to the person on the phone. Get a feel for who they are and if you feel comfortable doing business with them.

**fkj** · 09-13-2006, 10:43 AM

i concur.
Do your Due Diligence on anything you do. Dont forget to factor in your bandwidth and server costs. Make sure there is no copywriten material before purchasing. All that jazz.