Why buy the company when only the business name is holder of value?
Register a business name GREAT IDEAS ($70), register the domain name
GREATIDEAS.COM.AU ($125) and sell the business - $1m .


At 07:24 PM 7/04/00 +1000, you wrote:
>To prevent profit-making on domain names, transfers are not permitted.
>Where a person wishes to discontinue the use of a domain name, that name is
>to be released and made available generally.
>
>As a courtesy, a person who lodges an "expressions of interest" in a domain
>name may be advised that the domain name is about to be released.
>
>The rule about transfers is quite clearly a nonsense and easily overcome as
>INWW admits.  Let us say that a domain name is owned by a registered
>company.  And that company has no other assets or liabilities.  Well then,
>in the words of Victor Kiam, the Remington shaver man, "I liked the shaver
>so much I just bought the company".  Neat trick.
>
>And I can advertise the fact.  No rule is broken.  "Company for sale.
>Assets include the valuable domain name NEATIDEA.COM.AU.  Bargain price only
>$10,000."  Of course that pays for the registration cost of the shelf
>company, say $950 the last time I checked.
>
>Worse than that, though, is INWW's inability to understand the law.  Their
>application of the rules treats a Business Name as a legal entity (which it
>is not).  As you may know, a Business Name is registered by a person with
>legal rights and obligations (natural person, company etc.).
>
>But INWW allows the transfer of a domain name provided the same Business
>Name is used.  So I just buy the Business Name which is easy as the Business
>Name was probably set up to register the domain name in the first place.
>
>Patrick Corliss
>patrick§quad.net.au
>QUAD Quality Addressing Pty Ltd
>Tel: 02-9740-9200
>
>
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