Internet Scams, Cybersquatters
Is your trademark being held hostage by a cybersquatter? You are if you own a trademark and someone else is holding a domain name that is the same and wanting to charge you money.
The practice that’s come to be known as cybersquatting originated at a time when most businesses were not savvy about the commercial opportunities on the Internet.
Cybersquatting is registering, selling or using a domain name with the intent of profiting from the goodwill of someone else’s trademark. It generally refers to the practice of buying up domain names that use the names of existing businesses with the intent to sell the names for a profit to those businesses.
They could register YourDomainName.org, and do the same thing with YourDomainName.biz, therefore contacting you and try to sell you those names at advanced prices.
If that fails, they may urge a competitor to get a domain similar to yours, and facilitate the theft of your traffic, business, and clients.
You can sue cybersquatters if they go as far as ti infringe on trademarks or if they in any way make you or your company libel for their actions. But domain-related lawsuits can take years and cost dearly. While it may be effective, arbitration can also be expensive and time-consuming.
Prevention is cheaper and easier. It is not only inexpensive and easy it is the smart also very smart for you to register common variations of your domain yourself, this will help to prevent others from doing so therefore preventing any possible damage that can be done.
Fill in a form that locks in authorized entities of your claim of other domain names. You can buy these names and keep them under your roof. Go through your domain name registrar, it will provide you information to include, such as contact information, who should be contacted if someone wants to register your domain.
You have a small window to accomplish filling out an authorized entry form. Failure to enter a claim during a certain time frame means the registering entities will not check to see if there is an equivalent com, net or org name. They will not check the IP Claim Service database. Meaning, you could lose your .info or .net version of your domain name.
Opportunities for cybersquatters are rapidly diminishing, because most businesses now know that nailing down domain names is a high priority.
Dont let cyber squatters shake you down and ruin what you have built up on the net. Your domain names are an investment in more than just your Web site. Get the rights and the authorization to similar or like names to your main domain name! And don’t let them expire or be compromised, it can cost you much more.
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