I was looking on the sell website section a few days back and noticed some legal docs sellers make buyers agree to and sign. My question is how in depth does this doc have to be. Should i get a legal adviser to write one up or could i do it myself. The reason why im asking this is because i have a site making me $2-$3k a month and im in some debt with creditcards and a real business i own is not doing so well. Im in need of serious money but dont want to take out more loans and was thinking of selling my website. The thing with my website making 3k a month is that anyone could copy and sell the idea again as im not getting any search engine traffic its all bought traffic that i generate this huge return. I dont want everyone and there mom taking my idea and using it so hard it wont work for me. How hard would it be to sue someone after they sign the agreement and dont follow the terms. In general im just trying to find out if its worth selling this website and if someone does go against my terms how hard will it be to legally sue and reclaim and legal rights if any.
Sounds like it would be the buyer who would want you to sign a non-compete, so that you don't start another similar website after selling this one. The problem you'll run into is the ones who don't buy your website, but just rip the idea once they see it for sale.
It would be virtually impossible to enforce. What's to stop someone from having a friend set up a competing business in their name? How do you prove who gave them the information? You would probably has no legal recourse against someone given the information by someone else, and they aren't likely to tell you the source of the information. Selling arbitrage sites with no natural traffic can be very difficult - and usually don't command nearly as much money.
yeah....i guess i should just keep it......if you ask me this is better than a organic search site...cause google can drop you like a rock unless the site has been around since like 97 then you are in a good position. but newer sites go up and down like crazy i rather own this arbitrage site any day. Because there are no real worries i just set it and forget it. Thanks for the help though everyone i guess ill just make a loan and ride out it out....hope i come out on top.