If you have or are about to purchase a domain name, YOU could be in trouble and you don't even know it yet...
See, what domain sellers won't tell you is that domain name you are purchasing or have purchased can possibly infringe on trademark rights and you can lose that domain name or even worse.
Trademark and servicemark laws apply not only off-line but on-line as well and they even apply to domain names.
Now, a trademark generally applies to goods where as a servicemark applies to services. For purpose of this article I will refer to trademarks as same rules apply.
A trademark can be a word, name, symbol, or device and it is used to distinguish and indentify goods and services from one person or company from that of another.
The purpose of a trademark is to prevent confusion in eyes of consumer relating to particular goods and services. Basically, they are in place to prevent unfair competition.
So with that said, just because you purchased a particular domain name it does not necessarily mean you have exclusive rights to it.
If there is a trademark in your domain name, mark owner has a legal right to send you a "cease and desist" letter and possibly take that domain name away from you.
If you don't believe a word I've said so far then I offer myself as proof because it happened to me. I recently lost one of my domain names under this exact same circumstance.
For legal reasons I can't tell you domain name as I agreed to make no further references to it, but there were two words in my domain name that were associated with a trademark.
Now, I wasn't aware of this when I purchased domain name. And I definitely wasn't aware of trademark laws.