0 the situation in which someone pays for a famous name as an internet address, so that they can later sell it for a high price to the person or organization with that name
1 a situation in which someone pays to officially take a famous name as an internet address, so that they can later sell it for a high price to the person or organization with that name:
The lawsuit claims both cybersquatting and trademark infringement.
A common motive for cybersquatting is the intention to sell the domain name back to the trademark owner or to attract web traffic to unrelated commercial offers.
Sometime they fail to do it by a very simple scenario - the domain is not paid for in time and becomes a trophy of cybersquatting.
This practice, called domain tasting, resulted in cybersquatting on various trademarked names.
Trademark owners initially responded by filing cybersquatting lawsuits against registrants to enforce their trademark rights.
Other forms of guerrilla communication include adbusting, graffiti, hacktivism (notably cybersquatting), and reclaiming.
However, as the number of cybersquatting incidents grew, trademark owners noticed that registrants would often settle their cases rather than litigate.
It also fails to provide any remedies for victims of attempted reverse cybersquatting.
Defendants moved to dismiss the claims for contributory cybersquatting and contributory dilution, arguing that such causes of action are not recognized under law.
