nomis5 - 8:01 pm on Mar 11, 2010 (gmt 0)
Not sure, dithering back again. Please pick lots of holes in this sequence of events! I've taken on board your comments and think I can protect myself as described below. First, I've decided that the code of the website is not that valuable on its own. What is valuable is the code plus the domain name, or even the domain name on its own.
Here's what my partner has come up with.
I give the buyer a copy of the code two days before he receives the domain name. He examines the code for two days and lets me know if it's OK. If he says no then sure, he has the code but that will always be the case whatever option is used.
Then I transfer the domain to him and give him ftp access.
Then he does the following in 24 hours:
1. Verify the domain name has been transferred
2. Verify that the code on the server is the same as I supplied two days earlier
3. He tells the lawyers to transfer the funds
If anything outside that happens I cancel the deal and secure the domain name and the ftp access back to me?