olebean said:Interesting argument, I would suggest that you go look at many "software" developers anual accounts, there you will see intangible assets...An intangible does have asset, whether that is good will, TM, Copyright etc etc each can be sold as "assets" as a single entity.
Are you resident in the UK? I only ask because I cannot change the Law of the Land or how the Courts in England have thus far viewed domain names. Interestingly enough, the Official Receiver (in England) does not view a domain name as an asset when a Limited Company goes bust (bankrupt).
olebean said:Equally it is interesting that you suggest English does not recognise them as property, that is only a matter of time, it would be far more prudent for nominet to recognise this as inevitable and make approriate steps towards this rather than being reactionist
Nominet is bound by Company Law and it is obliged to work within the boundaries set by English Law. Here's an interesting point for your consideration. If domain names were indeed regarded as property, each and every argument would probably end up in the Courts which would cost thousands and probably tens of thousands. Court cases are notoriously expensive. The One in a Million judgement which set much of the precedent on domain names in English Law, cost the loser a lot of money. The Defendants were ordered to pay the Plaintiff its costs of £10,000 and that was over and above their own costs. That was in 1997. I would suspect the costs could easily be doubled in today's world.
All in all, you guys talk opinion (and you have every right to) but when I am trying to give you the facts and look for solutions based on those facts, it feels like you all want to shoot the messenger!
Regards
James Conaghan
[PAB Member]
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