Expert: Dan Pepper - 9/4/2008

Question
I entered an agreement with a company to develop a website business a few years back.  In return for their development skills, I was to split the ownership of a very valuable, one word domain.  Since then, I have added thousands of dollars to the "pot" and we still do not have a working site.  At this point, I just want full ownership of my domain and to walk away.  I have complete control over the domain at this point.  They can keep all the technology that the have "developed" and website content, I just want to walk with my domain.  Any help or ideas here would be appreciated.

Answer
Mark,

Was the agreement you had a written one?  If so, and assuming the other company is amenable and there are no other terms in the agreement that might preclude this, you'd want to create a written amendment to the existing agreement containing the terms you've described.

Ultimately, I would need to see the agreement to fully advise you of all of your options.

Please note that this post is not intended to be legal advice, just general information based upon information you've provided.