Cybersquatting Is Illegal Only If a Domain Name Is Identical

question 54

True/False

Cybersquatting is illegal only if a domain name is identical to the trademark of another, not if the name is merely confusingly similar.

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Definitions:

Franchise

A business model that allows individuals or entities to operate a business under an established brand and business system in exchange for fees and adherence to certain standards.

Equipment

Tangible property used in operations, such as machinery or computers, that has a useful life beyond a single reporting period.

Depreciation

The process of allocating the cost of a tangible asset over its useful life.

Straight-Line Basis

An accounting method of depreciation where the value of an asset is reduced evenly over its useful life.