Cybersquatting. Scam or reality?
Cybersquatting. Scam or reality?
Not all emails regarding theft of domain names are to be taken seriously. But there are genuine cases when a company may be infringing on someone else’s domain name. At times like this, the company needs to take a call on whether is works out cheaper to buy the domain name or to go to court and fight for the right to use the domain name. It would also depend on how genuine the request is.
Another thing to watch out for is registering your IP in countries other than your home country. You must ensure that your IP is registered in countries like China. When the company decides to expand their business, they may encounter resistance regarding their trademark, patents and copyright. Cybersquatting is something even larger organisations face. Tech giants like Apple and Samsung are often faced with lawsuits from cybersquatters. The financial might of these companies allows them to go to court with these IP cases. But smaller businesses cannot always afford lawsuits.
It is important for businesses to keep all these points in mind while setting up a company. Do a patent search in advance and make sure you are not coming up with an idea that already exists and has been registered. Do sufficient research on trademarks and domain names and ensure you are not infringing on anothers intellectual property. Consult a lawyer and know your rights. It is better to invest time and effort in protecting yourself and your company instead of enduring a lengthy lawsuit.
