Cyber Squatt Bare It Or Bear It
CYBER SQUATT– "BARE IT OR BEAR IT"
Introduction
"CYBER SQUATT" a new crime has crop up, although the crime emergence is few years back but it came in to limelight recently, due to which according to some jurist it has taken birth now only .With the advent of the Internet, the world today is witnessing a revolutionary change in the field of communications Everybody, who is somebody, seems to have something to do with the Internet. Wide spectrums of delinquencies like cyber-squatt come under the umbrella term of 'cyber crime'
The term cyber squat may be defined as:
"Cyber squatting occurs when domain names bearing a resemblance to famous trademarks are registered by persons hoping to sell the registration to the corresponding trademark holder. Typically, in such cases, persons who have absolutely nothing to do with the name, virtually pirate the name by obtaining a SLD registration with the .com TLD of a well-known company or brand'' [1]
The term derives from SQUATTING and refers to the act of reserving a particular internet domain name for the purpose of selling it at higher price later. Common examples of cyber squatting include the reservation of sites that include the names of celebrities or companies.
This guarantees the cyber squatters a profit whenever a celebrity or company decides to set up an official Web site and need that domain this requires registration of a particular domain name and web site under the domain name system (DNS). However, this practice has spawned a new industry in valuable domain names. [2]
Courts on cyber squatting
These practices include the deliberate bad faith registration as domain of well-known trademarks in the hope of being able to sell the domain to the owners of those marks (or rivals owners) or simply to take unfair advantage of...
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