Can Someone Else Buy My Domain Name?

Is it illegal to sell domain names?

Probably not.

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..

Who is owner of domain?

Who is the domain owner? Domain names are owned by whoever first registered the web address with an accredited registrar, such as Domain.com. In order for that person to maintain ownership, they have to pay registration fees and ensure that all of their contact details are up to date.

How do I permanently buy a domain name?

How can I buy a domain name permanently? You cannot buy a domain name permanently. Domain name registration is done on a yearly basis. However, you can pre-pay for up to 10 years which guarantees that you will have a domain name for 10 years.

Who gets the money when you buy a domain name?

7 Answers. Simplified answer: You don’t actually buy the domain name, you rent it from your registrar. The price you pay them is for the service of routing the domain name to an actual server.

What to do after I buy a domain?

5 Steps To Take After Buying Your New Domain NameSync Your Domain and Hosting. … Setup a Domain-Specific Email Address. … Secure Matching Social Media Handles. … Create Goals for Your Website. … Start Building Your Website.

Can a person legally own a domain name?

Since the domain names are registered on first come first serve basis and need no prior approval from any authority about the proprietary rights over the trade name. Which means any person can register a domain name without showing ownership of the trademark/name used n the domain name (however popular it may be).

Can someone steal my domain name?

You can get hacked Your domain name is registered with a registrar company, and your account on their website controls your ownership. Hackers steal domain names by obtaining access to this account, or access the e-mail address that “reset password” forms on their websites send emails to.

Do I own my domain name with GoDaddy?

Domain names are relatively cheap to register through an Internet Domain registrar like GoDaddy.com or Register.com, though they must be renewed every year or few years. Anyone can register a domain name, and the name is yours until you stop renewing it.

Is domain name squatting illegal?

Instead of your familiar domain, you’re directed to a page with a domain name identical — or very similar — to the one you use to do business. … Also referred to as cybersquatting, domain squatting has moved from being completely legal to falling in a gray area, permissible in some cases and illegal in others.

How much is a good domain name worth?

Realistically a domain name can be worth any amount but most domain names sell for around $5,000 to $20,000 – premium domains, category killers and short domains however can easily command $100,000 or millions depending on a wide number of reasons.

Can you get sued for having a similar domain name?

Yes you can get sued. The issue is whether your use of the domain name violates the trademark rights of this competitor. Trademarks identify the source of goods and services.