Please read Chapter 7 in the textbook and complete the contributing to this disc

Question

Please read Chapter 7 in the textbook and complete the contributing to this discussion. homework over that chapter before Should cybersquatting be illegal? It is considered perfectly acceptable to speculate in land (real property) For example, it would be considered good business sense for a company to 1) purchase land at a low price in a rundown neighborhood just to sell said land after the community has been gentrified: or 2) purchase land the right to mine that coal to another company. It is equally acceptable with goods (personal property). Wholesalers purchase products from manufacturers and then sell those identical products to retailers at a marked-up price. Why would it be different with domain names? that has coal undermeath it and then license

Explanation / Answer

Answer:

Yes, Cybersquatting is illegal. Cybersquatting is defined as a criminal act that entails the illegal and unlawful holding of a domain name in an unethical fashion. Typically, Cyber-squatters, those who engage in the act of Cybersquatting, do so with the intent of bullying prospective purchasers who require a domain name into meeting the financial demands expressed by the cyber-squatter. This is done in lieu of a productive and ethical commercial endeavor in which the domain name owned is used for commercial value.

Cybersquatting, the practice of buying up a domain in order to profit from a trademarked name, is prohibited under the 1999 Anticybersquatting Consumer Protection Act as well as a set of international guidelines called the Uniform Domain-Name Dispute-Resolution Policy. (Disputes are usually mediated by the National Arbitration Forum or the U.N.'s World Intellectual Property Organization.) Both systems were created to protect companies, celebrities, and even Joe Schmoes from having their names exploited online for commercial purposes. To sue someone for cybersquatting, you have to show that they acted in "bad faith," meaning they deliberately registered a certain domain in order to profit off your name. For example, if someone buys JenniferLopez.com and puts ads up to generate income from random visitors, that's considered bad faith. Same with trying to sell the site back to its rightful owner for a hefty profit.

The Anti-Cybersquatting Consumer Protection Act (ACPA) allows trademark owners to sue alleged cybersquatters in federal court. And if you win, you can obtain a court order requiring the cybersquatter to transfer the domain name to you and, in some situations, possibly some monetary damages as well.

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