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ClickIt
Joined: Jul 31, 2000
# Posts: 742
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Posted: 2003-Jun-11 00:32
Had an odd proposal today and I wanted to get some ideas on how it might work out.
The owner of a local direcory wants someone (me) to take over the management of the directory. The site in question is the name of a small city in the L.A. area. There are only about 6-7 thousand residents and only a couple hundred of businesses.
Anyone have any experience running a directory you don't actually own? What sort of "franchise fee" would the owner get? We tenatively have agreed (should this deal go through) that there will be: no porn on the site, will list local businesses, have a lot of content (news, events and such) with a 3-5 year management contract. Anyone have any ideas on how such management contract would work? This is outside of my direct experience and I would very much like to hear what you folks have to say. How could this come back to bite me? Please advise. Thanks.
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yellowwing
Joined: May 21, 2002
# Posts: 2526
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Posted: 2003-Jun-13 06:49
Forgive me for trying to read between the lines. It sounds like the owner has just given up. If the directory was making good money, then he would be a lot more interested in the project.
The bite may come when the thing starts making a lot of money. Paying a lawyer $150 now to look things over may help you avoid months of headaches later on.
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ClickIt
Joined: Jul 31, 2000
# Posts: 742
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Posted: 2003-Jun-13 19:46
You are correct; the owner has let it go stale. The owner has another business which he is working at. The direcetory was a side project for him.
Agreed;a lawyer will be asked to review the paperwork before any contracts get signed.
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