Recently, select generic top level domain names (gTLDs) have begun selling for millions of dollars. There are domain name purchases of single gTLDs exceeding $5 million. Even in smaller transactions, the buyer of the domain may be very concerned with remitting the purchase price before receiving the domain name. Our attorneys can act as escrow agents in these transactions, escrowing the purchase price from the buyer in trust until the domain name is transfered before finally remitting payment to the seller. We typically charge 0.5 to 1% of the sale price as a fee. |