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advice Defunct Company Domain

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domaincor

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Straightforward question
Is it legal and worth to buy a domain of a a defunct/renamed services company operating on international market. During my industry research project I found a domain belonging to a defunct company which had a strong and good reputation among their clients. Now, I am thinking to buy such domain and develop my own "brand" under this domain. Anyone willing to share his/her idea, pros & cons appreciated.
 
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I've sold domain names despite trademark issues...the caveat being they were registered beforehand.
 
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