Selling your game on Gamehaap involves the following steps:
1. Sign up and create a profile
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- Register on the Gamehaap website using your email.
- Complete your profile with the necessary details.
2. Complete seller verification
- Navigate to the "Seller Verification" section.
- Submit identification documents for verification.
3. List your game
- Access the Deal Room and create a game listing.
- Provide detailed information about your game.
4. Set your price
- Use valuation tools to determine a fair market price.
- Set your selling price.
5. NDA (Non-Disclosure Agreement)
- Purpose: An NDA protects confidential information shared between the seller and potential buyer during the evaluation process. It ensures that sensitive details about the game are not disclosed to third parties or misused.
- Gamehaap customer support will facilitate the signing of an NDA between you and potential buyers.
6. Buyer inquiries and requests
- Gamehaap customer support will handle inquiries from potential buyers and communicate with you.
7. LOI (Letter of Intent)
- Purpose: An LOI is a document outlining the preliminary understanding between the buyer and seller regarding the terms of the potential acquisition. It indicates the buyer's serious interest and serves as a basis for further negotiations.
- Receive a Letter of Intent from interested buyers through Gamehaap customer support.
8. Due diligence
- Purpose: Due diligence is the process where the buyer thoroughly evaluates the game’s financials, performance metrics, legal standing, and other relevant aspects. This step ensures that the buyer is fully informed before finalizing the acquisition.
- Participate in the due diligence process facilitated by Gamehaap customer support.
9. Negotiate terms
- Finalize terms with the help of Gamehaap’s expert assistance.
10. Draft sales agreement
- Purpose: A Sales Agreement is a legally binding document that finalizes the terms and conditions of the sale, including the purchase price, payment method, and any contingencies. It formalizes the transaction and protects the interests of both parties.
- Use the provided templates to draft a sales agreement.
11. Escrow
- Purpose: An escrow service ensures that funds are securely held by a neutral third party until all terms of the sale are fulfilled. This protects both the buyer and seller by ensuring that the payment is made only after the agreed conditions are met.
- Use Gamehaap’s partner Escrow.com secure payment services to complete the transaction through escrow.
12. Transfer game ownership
- Transfer the game’s assets to the buyer and confirm the completion of the sale.
By following these steps, you can efficiently list and sell your game on Gamehaap, ensuring a smooth and successful transaction. Detailed explanations of each step will be provided in the subsequent parts of this section.