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If they Fedexed you a letter you need to take them seriously. I would transfer the site to another domain and leave r us domain blank. Let them know what you have done and say that you are ready to negotiate the price of the transfer. They are not going to pay you a dime - and if the domain is just something blah blah -they are not going to try to get the domain by another ways. Just let it expire.
I wouldn't like to fight with corporations - if there's no way to squeeze big deal. In most cases, domains are not worth of any fight.
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