Long story Short:
I have negotiated a domain that is a premium five-letter placename that is a popular holiday destination for just short of 80K USD. The name is premium. Never had a site up, registered since 96.
I have not the funds to support such a sale atm and I am setting up a partnership. He is mostly a black hat seo/webmaster/domainer so I believe that this will be a good white-hat project for him to embark on.
Basically the deal is 50% profit share, he owns the domain and we split the profit on sale 50% after his intial outlay is removed. The domain has a lot of latent value and potential we can unlock fairly quickly.
He supplies hosting and pagerank and I develop (build, seo, link build) the domain. I have a lot of contacts and other sites that rank in this particular region's serps so it will be a very strong project.
Due to the fact I grew up in this region and it is in my favourite niche I would like to secure the domain and have the first option to buy out the domain when a sale arises.
Does this sound like a fair deal? What securities should I seek for security for my development? How can I ensure the domain price is fair for me to buy out and get the fairest price for the domain?
Fwiw, we both get along well and have a good mutual trust. I am thinking maybe a long-term arrangement where I buy back 50% of the domain and we are both shared owners.
Ideas/ help welcomed guys (I have only about 6 days left)!
[edited by: Bennie at 1:42 am (utc) on July 17, 2007]