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Cybersquatting (also known as domain squatting), according to the United States federal law known as the Anticybersquatting Consumer Protection Act, is registering, trafficking in, or using a domain name with bad faith. The intent is to profit from the goodwill of a trademark belonging to someone else. The cybersquatter offers to sell the domain to the person who owns a trademark contained within the name at an inflated price. Sounds like the wrong thing to do.
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