Sorry, rubbish title...
Basically I'm wondering about the ways a company can get hold of a domain name that is being sat on by a squatting firm.
Say i have just renamed my company "ABC" and want the .com address "abc".com, however one of the squatting companies owns it and has just a holding page with adverts. Obviously I can approach them and ask to buy it (stupid sums alert), however I remember there being the potential to have it confiscated due to some kind of lack of use. Am I talking out my ****?
It's irrelevant now for my companies situation but I'm intrigued as to what can be done in situations like this (we did approach the company that own it and they wanted tens of thousands, so we chose a different domain name.).
Basically I'm wondering about the ways a company can get hold of a domain name that is being sat on by a squatting firm.
Say i have just renamed my company "ABC" and want the .com address "abc".com, however one of the squatting companies owns it and has just a holding page with adverts. Obviously I can approach them and ask to buy it (stupid sums alert), however I remember there being the potential to have it confiscated due to some kind of lack of use. Am I talking out my ****?
It's irrelevant now for my companies situation but I'm intrigued as to what can be done in situations like this (we did approach the company that own it and they wanted tens of thousands, so we chose a different domain name.).