Domain I Registered Already a Big Business

[geeiwonder]

Very 'newbie-ish' question perhaps but...

I've registered a memorable, short, dictionary word .Asia domain.

I had thought it would make a fantastic online community site.

I've just found out that there appears to be a big, deep pocketed (it seems) company with the exact name of their Asian leg of the interprise.

In other words, my domain is "nameofdomain.asia" and their enterprise, called "Nameofdomain" operates in Asia as, "Nameofdomain Asia".

I honestly never knew they existed.

I'm in absolute, hungry, urgent need of casharoonie or else frankly nearly losing everything... so would you:

Continue to develop the site as I'd intended?

Inform the business in question that I'd mistakenly bought the domain and be Mr. Nice Guy about it.

Put a decent price on it and offer it to them to buy it from me?

What do forum members think?

 

[Fewski]

Do they have a trademark on their name? If not, I do not believe they can not sue you. But, I would still put a price on it and attempt to sell it to them... who knows, they might buy it and you can run to the bank.

 

[mosilager]

your best bet would be to take some legal advice, I think there is a section here for that, however, from my understanding, if they have no trademark, they cannot justify suing you for registering the name, however, if you park the domain or develop it using similarities to the existing company, they could come back and say you are profiting from their business....

 

[robertjr]

Very 'newbie-ish' question perhaps but...

Is that why you created a second account to post the question? Duplicate accounts are not allowed?

Please check and respond your PM!