I don't understand the legal mumbo-jumbo. It says the following...

"The term of this agreement shall continue in full force and effect as long as You have any domain name registered through Go Daddy. You agree that You will not transfer any domain name registered through Go Daddy to another domain name registrar during the first sixty (60) days from its initial registration date."

Does this mean I can't transfer the domain to another hosting site or does it have to do with just the name only?

I just want to buy the domain through GoDaddy and then have someone else host it...and I don't wanna wait 60 days to do it.

It means you can host it anywhere you want, you just can't transfer the name in the first 60 days. :D

No it says that you can not push (transfer) the name to someone else for only the first 60 days. You can change the nameservers and host it with any hosting you choose. Good luck :)
Note: edited after the comments below.

MaiaHost forgot to specify that you can't transfer it for only the first 60 days. It's sort of like ISPs that have a contract that makes you stay with them for 12 months, and after that you can ditch them.

In more simple terms, you can not move the registration of this domain from GoDaddy to another company that registers domains, like RegisterFly.com. You're free to host this domain anywhere you'd like by changing its nameserves, but the registration must stay with GoDaddy for 60 days after registering it.

This isn't unique to GoDaddy, either, as all registrars must abide by the rule.

Thanks. But why would anyone want to move their registrar from one company to another?

Thanks. But why would anyone want to move their registrar from one company to another?

3 possible reasons:

1. The person is not happy with his/her current registrar for any reason/s.

2. The other registrar offers things the current one isn't able to give.

3. Specific to #2, price.

If you feel you're happy with Go Daddy, stay with them. If you're eventually not
comfy with them for whatever reason, you can transfer your domain registration to
another domain registrar (e.g. Network Solutions, Enom, Moniker, etc.) after sixty
(60) days from the domain name's initial creation date.

More info straight from the source:

http://www.icann.org/transfers/policy-12jul04.htm

This is not something that unique to GoDaddy itself, as ICANN & Registry regulations prohibit the transfer of domain names that have been registered or previously transferred within the last 60 Days.

Also If your domain expired with any Registrar and you renewed it with them, then if you Transfer it within 45 days of the previous expiry date, it will not add 1 more year to your domain name, and you will lose out on the Renewal fees paid to the older Registrar.

Hope this helps :)

Thanks. But why would anyone want to move their registrar from one company to another?

If you haven't already: Don't register with godaddy.
Choose someone who doesn't have a track record of stealing domains from users (yes, stealing domains from users) as well as 'shutting down' ones they disagree with the content on.

A few alternatives:

www.namecheap.com -- my favourite.
www.enom.com

^ True, at $8.88 + free WhoisGuard, it's a no-brainer to go with namechep.com (http://www.namecheap.com/).

Thanks. But why would anyone want to move their registrar from one company to another?

http://www.utropicmedia.net/blog/4-things-to-look-for-when-choosing-a-domain-registrar

:)


Regards,