Extras! Extras! Get Your Trademark Infringed Upon!
While catching up on the domaining news over the past few days, I read an interesting article on Domain Name Wire. Basically, a woman by the name of Lorie Price is suing Oversee.net and DomainSponsor for picking up a domain name in 2008, that she dropped in 2007. When I first read this, my original opinion was what could this woman possibly be thinking? Once I got thinking, I realized she wasn’t that crazy. She’s actually using some very interesting business techniques.
My belief is that this was planned. When someone infringes upon your trademark, you can sue them for your damages. Price is claiming the loss of her domain name put her out of business. That could allow her to collect a huge amount in damages. Sometimes courts award the plaintiff double or triple the amount of damages. It varies from case to case. But Price probably figured if her company gets run into the ground, she can blame it on a domain name she trademarked, and sue for a large sum of money.
Believe it or not, this is actually an entire industry. People buy trademarks from others and find people who are infringing upon them. They then go and sue those people, and make a good amount of profit.
Price got smart and decided to do this with her own trademark. It’s amazing what some people will do for money these days. But as I said, Price is using an interesting technique.
Keep in mind this is an opinionated article. I’d love to hear your comments, so make sure to submit them below!
“Keep in mind this is an opinionated article.”
“Price got smart and decided to do this with her own trademark.”
It might be better if you said “In my opinion, Price got smart…”
or
“It’s possible Price got smart…”
Written as is it makes it look like a fact.
I know a few lines later you state this is an opinion article.
But you are assuming everyone will read your entire post.
Anyway, that’s just my opinion.
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I know someone else mentioned this to you before but please fix your comment box.
If you click the mouse in the box all content disappears.
It’s very frustrating.
Fixing the comment box is on my list to do this week. I apologize for the temporary inconvenience. And yes, if you don’t read my entire post you won’t be able to get a good sense of what I’m talking about. You also won’t understand most of my articles. I’m very detailed oriented and that’s how I divide my articles. So there is a new or correlating detail when each new paragraph starts. So it’s important to read my full article.