Quote:
Originally Posted by glowlite
Paying $200-300 as a one-time fee would be much less costly than recovering a TM domain. It would be a 'no contest' win for the trademark holder but it would still be quite expensive.
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Domain disputes (UDRP) can be bulk filed, which significantly reduces the cost to a trademark holder / complainant. However. if trademark holders file lawsuits for domain disputes instead, U.S. law allows for monetary damages of up to $300,000 per domain plus recovery of reasonable legal fees and costs.
WIPO Schedule of Fees under the UDRP
Quote:
Single Panelist
Number of Domain Names Included in the Complaint | Fee (United States Dollars)
1 to 5 | 1500 [Panelist: 1000; Center: 500]
6 to 10 | 2000 [Panelist: 1300; Center: 700]
More than 10 | To be decided in consultation with the WIPO Arbitration and Mediation Center
Three Panelists
Number of Domain Names Included in the Complaint | Fee (United States Dollars)
1 to 5 | 4000 [Presiding Panelist: 1500; Co-Panelist: 750; Center: 1000]
6 to 10 | 5000 [Presiding Panelist: 1750; Co-Panelist: 1000; Center: 1250]
More than 10 | To be decided in consultation with the WIPO Arbitration and Mediation Center
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Quote:
Originally Posted by glowlite
Seems like a form of extortion by ICM.  |
A strong comparison could be drawn between ICM Registry's scheme to squeeze money out of trademark holders and racketeering with protection money charged to businesses by organized crime syndicates.