Ok I have a question about a domain but it has a bit of story behind it...
I build sites for a living for a company and recently started a LLC to begin building sites for some smaller business people and such. I was approached by a company that just patented a product and is most likely going to be a multimillion dollar business. He wanted a quote on a site so I scheduled a meeting and he sent a sales person to it. I gave them a quote roughly 10x lower than their next closest, because really I wanted the job for the business profile. They have a copyrighted name and product. They told me about the product showed me some filers they had printed and business cards with a domain name already printed. After the meeting I went home to find in amazement that it was not registered. I waited 24 hours then purchased it. 5 days later one of the owners called, using vulgar language, demanded I give him "his" domain. Told me there was no way I was building anything for them and he wanted the domain. I offered to sell it to him, he gave no offer, before hanging up I told him he could give an offer through daddy. About 7 days ago I got a call from the sales guy I met with at the meeting. He apologizes for the owner and says they are willing to offer $50. I advise them the domain is worth more...told him I'm not trying to milk the company but want a "fair" offer.
so that brings us to now. I get a call from the guys saying good news and bad. Says they still offer $50...bad news is if I don't take it they will bring me to court. That I hijacked their domain and holding it for a "ransom" that they own the domain because they have a copyright on the name and product.
so my questions are these..:can they really take legal action? Did I do anything legaly wrong? What would you do in this situation??? If I sold it say this weekend to some other party could I still be in trouble legaly?? Any help or suggestions please!!! I have 24 hour to respond to this said company.
I build sites for a living for a company and recently started a LLC to begin building sites for some smaller business people and such. I was approached by a company that just patented a product and is most likely going to be a multimillion dollar business. He wanted a quote on a site so I scheduled a meeting and he sent a sales person to it. I gave them a quote roughly 10x lower than their next closest, because really I wanted the job for the business profile. They have a copyrighted name and product. They told me about the product showed me some filers they had printed and business cards with a domain name already printed. After the meeting I went home to find in amazement that it was not registered. I waited 24 hours then purchased it. 5 days later one of the owners called, using vulgar language, demanded I give him "his" domain. Told me there was no way I was building anything for them and he wanted the domain. I offered to sell it to him, he gave no offer, before hanging up I told him he could give an offer through daddy. About 7 days ago I got a call from the sales guy I met with at the meeting. He apologizes for the owner and says they are willing to offer $50. I advise them the domain is worth more...told him I'm not trying to milk the company but want a "fair" offer.
so that brings us to now. I get a call from the guys saying good news and bad. Says they still offer $50...bad news is if I don't take it they will bring me to court. That I hijacked their domain and holding it for a "ransom" that they own the domain because they have a copyright on the name and product.
so my questions are these..:can they really take legal action? Did I do anything legaly wrong? What would you do in this situation??? If I sold it say this weekend to some other party could I still be in trouble legaly?? Any help or suggestions please!!! I have 24 hour to respond to this said company.
