Sample Letter of Understanding -LOU:
If you find yourself in the position of purchasing a website, it’s content and the domain name or URL, this sample template will give you an idea of some specific points you will want to cover to ensure you are avoiding any potential misunderstandings. Also, keep in mind you can tailor this template for other LOU requirements.
SAMPLE LETTER OF UNDERSTANDING for acquisition of [www.domainname[dot]com]
June 22, 2014[name] [street address] [city, state and zip]
This letter summarizes the understanding we have reached regarding the terms and conditions of sale of the website or (domain name) [________________]. To be certain this letter accurately reflects our understanding, please review the items below and indicate your understanding and agreement by signing on the signature line below.
Terms and Conditions of Sale
A. The agreement covers the outright sale of the domain and website content for http://www.[________________ ]for the price of U$[__________]. Sale price was based on revenue of approximately $100.00 per calendar month. Price includes free push (transfer) at[_____________] and all paid up domain registration fees.
This template in its entirety is included in both the Premium and Mega Pack downloads in the margin. Once purchased, it is sent over immediately by way of digital download.