Selling my oscommerce site -

[jjackson]

hello everyone... I've been approached by an automotive company to buy my osc Powered site... for $250,000. They have a lot of money and power... if I hold out,could they use some kind of legal manuver to buy oscommerce which would grant them copyright of the software and thus steal my site away from me? What protections do I have?

 

thanks in advance

[mark27uk3]

Omar,

 

You dont have to worry about oscommerce being bought as its open source and no one owns it outright (correct me if I am wrong)

 

Does your site take more than $250,000 a year if not then I would snap their hand off, you can always start another store and pocket the profits off the sale!

 

Mark

[tina_boots]

hello everyone... I've been approached by an automotive company to buy my osc Powered site... for $250,000.  They have a lot of money and power... if I hold out,could they use some kind of legal manuver to buy oscommerce which would grant them copyright of the software and thus steal my site away from me? What protections do I have?

 

thanks in advance

<{POST_SNAPBACK}>

 

Hello,

 

I would assume that its your business they want and the site on the software itself is simply an add on value to the package. Also if they managed to get to the point where they have a lot of money and are powerful, I would assume they are also fairly smart. If they wanted to have a site just like yours all they would need to do is download OSC for free just like everyone else and hire a few gifted developers to build and modify it. Which would cost them much less than $250,000.

 

It sounds to me the real issue you are dealing with here is what many Mom and Pop stores face when the big mega super center moves into their neighborhood, which I refuse to shop at btw. Unfortunately in that situation there is nothing legally you can do.

 

Be well,

 

Tina

[Guest]

Take your yearly revenue and multiply it by 5...that's the amount you should ask for the website. If they don't want to pay that much it's a start to negotiations. Most likely you could wind up with 3.5-4X your yearly revenue.

 

I'm with Mark...take the money and start a new site. Of course, that is provided you will not be forced to sign a non-compete clause.

 

Bobby