27 Nov '13, 4pm

Responds To Customer Inquiries On Recent Departures From The Company

A client of mine recently had the opportunity to put the escrow.com terms of service and their domain holding agreement to the test. In short summary, my client had purchased a domain name subject to a payment agreement, under which escrow.com took possession of the domain name during the payment term. Shortly after that, the seller received a higher offer and wanted to back out of the agreement. The seller had a bizarre interpretation of the escrow.com general terms as giving him the right to back out of the deal, notwithstanding the superseding specific terms of the domain holding agreement. Although escrow.com was holding the domain name, the seller believed that my client was somehow obligated to tell escrow.com to transfer the domain name back to the seller, simply because that is what the seller wanted. Needless to say, my client was satisfied with the deal, and did ...

Full article: http://www.thedomains.com/2013/11/27/escrow-com-responds-...

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