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Domain Name In Intellectual Property. The first commercial user of a trademark owns it in case of a legal conflict with a later user. If a domain name is an intellectual property right then it can only be an intangible asset the expression of which can only be the words or string of characters which may or may not direct a user to that particular server space containing further information.
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Domain names are digital assets that offer global opportunities. These are unique internet addresses and are often used to find websites. And the registered domain name is being used in bad faith.
Trademark owners can apply to court for injunction against such registration and seek compensation for loss suffered as a result of the infringement of intellectual property rights.
As you know each domain name has a registration period of 1 year or more some domains can be registered for 10 years like the unique inc domains. The right to use a domain name is a contractual right created by a series of multiple contracts between the domain user the registrar or domain name seller the registry of the top-level domain the manager for the database for the top level domain and the Internet Corporation of Assigned Names and Numbers ICANN a non-profit organization entrusted with the security stability and interoperability of the domain name system DNS. Domain name disputes arise largely from the practice of cybersquatting which involves the pre-emptive registration of trademarks by. Now its important to say that the domain name is your property for a paid period.
