Patrick Corliss [patrick§quad.net.au] wrote:
> To prevent profit-making on domain names, transfers are not permitted.

so only MIT are allowed to profit on domain names? that sounds fair. NOT!

Vic

> 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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