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If you choose a domain  name that  conflict with any one of the millions of commercial names that already exist, you risk  losing it.  And if you've  put  money  and sweat  into  marketing  your website and then are forced to give the domain name up, your Web-based business is likely  to suffer a  damaging,  if not  fatal, blow. With fears of corporate identity theft on the rise, more and more companies are trade  marking their domain names. While this step isn't essential, it can offer an additional level of security to your business's online presence.
 
The rule for  understanding whether a legal  conflict exists comes from trademark law. Here are the basics you need to understand:
 
 
 
Names that identify the source of products or services in the marketplace are trademarks.  
 
Trademarks that are clever, memorable or suggestive are protected under federal and state law.  
 
Trademarks that are descriptive and have achieved distinction through sales and advertising can be protected under federal and state law.  
 
One trademark legally conflicts with another when the use of both trademarks is likely to confuse customers about the products or services, or their source.  
 
In case of a legal conflict with a later user, the first commercial user of a trademark owns it.  
 
If a legal conflict is found to exist, the later user will probably have to stop using the mark and may even have to pay the trademark owner damages  
       
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