Well, in fact, if you will take the time to read the WIPO cases posted on their wesbite, you can really learn a lot on how trademark works as far as domains are concerned.
Many explanations there, the accusation, the defense, then the ruling of the judges, the lessons are very straightforward. You can pick-up ideas on how to maneuver yourself around these trademark issues.
First, disclaimer: I am not a lawyer. If you need legal advice then seek real legal advice. I highly suggest it. Not that that's out of the way.
Agreed, this is the best way to give yourself an informal education on how domain / trademark issues work. I think anyone in the business of owning a good number of domains should familiarize themselves with this. I was like the most of you, just buying domain names and life was great. Until ...
I just went through the process the hard way. I've own domains since 1995 and have built up a decent portfolio of generic domain names. Never have I had to deal with an UDRP complaint until now.
It sucks big time. Due to timing, it really put a lot of stress on me. I got a complaint several days before going on a preplanned family vacation. Long story short, I found a great lawyer to help me out. Now some might say, it's just a domain name is it worth all the trouble. It depends if you could generate over $1k with a domain in a year (affiliate sales, ad revenue, etc), then fight a domain dispute if you can. You don't need a lawyer. You can do it yourself. But trust me, I tried with the lack of sleep and stress. It just wasn't worth it. Which is also why it's not cheap when you get a lawyer in this field.
And here's another tip after having first reviewed at least 30 cases. It's not just trademark infringement that you have to worry about. But there is something also known as common law rights. Just because you did a basic trademark search doesn't mean that someone else didn't have common law rights established way before you registered that domain name. Now you could claim that you didn't know that the other existed. But this crap gets complicated. You are at the mercy of the arbitration panelist(s). Lot's of fun details to deal with. The moral of the story is get a lawyer or not. It all depends what's on the line and is it worth your time and money.
And yet another little gem, if you do not repsond to a UDRP complaint. You (aka the respondent) will be considered in default. Now that doesn't mean you automatically lose the domain name. What happens is that the panel takes that into consideration and makes a ruling. I have seen cases where respondents didn't respond and the panel still ruled in their favor. Can it happen? Yes. Do I recommend it? No, you put yourself at the mercy of the panel. Again, I am just putting it out there. I have seen this happen.
Lastly, don't get a domain name if you know it is part of a trademark or belongs to a well know company. You will most likely lose it in the end. So what was the point in the first place? I could go on. But enough for today. I hope this helps someone.