"This domain is free to anyone who will develop it into something. All that is required is that they feature a link to my other project/site %s for the first year."
"This domain is free to anyone who will develop it into something. All that is required is that they feature a link to my other project/site %s for the first year."
I'll mention to you what I mentioned to him : if you have hearts desire, you can afford $10 for a reg fee the SECOND you think of that domain name. (This is why I routinely buy them for weekend projects.)
But I am a softie for small software companies, so I made him a deal: I'd keep the domain pointed at his DNS servers for a year, meaning he gets 100% practical use out of the domain. If, at the end of the year, he had a software company active on the site, I'd transfer it to him gratis. If not, I'd keep it.
I think that everyone wins for that, except my weekend project. (Sure, I could technically screw him over, but I value my reputation far more than my domain names, even a pretty nice one.)
Well, if I knew the domain holder personally, fine for them to keep the reins, but if I didn't, I prob wouldn't/couldn't take the getting-held-to-ransom risk if things took off. I don't have investors, but I bet people who do would say the same thing, only more emphatically
Its probably a 1 page contract, even. The real issue is trying to enforce it if someone defaults on that contract - it could get impossible/expensive if they are out of the country.