Cybersquatting (also called domain squatting) involves
|“||the registration as domain names of well-known trademarks by non-trademark holders who then try to sell the names back to the trademark owners. Since domain name registrars do not check to see whether a domain name request is related to existing trademarks, it has been simple and inexpensive for any person to register as domain names the marks of established companies. This prevents use of the domain name by the mark owners, who not infrequently have been willing to pay "ransom" in order to get "their names" back.||”|
- ↑ Sporty's Farm L.L.C. v. Sportsman's Market, Inc., 202 F.3d 489, 493, 53 U.S.P.Q.2d (BNA) 1570 (2d Cir. 2000) (full-text).