Whatever you do, do not enter into any sort of negotiations whatsoever for the sale of the domain name. IF THE DOMAIN IS SIMPLY PARKED, then only ever answer any emails/phonecallsenquiring to buy the domain with, "sorry, the domain is not for sale. A websiteis currently in development".
If the domain already points to a valid website, then you may be ableinto negotiations to buy the website, but at no pointshould you mention selling the 'domain' as the sole purpose of the sale.
Domain squatting is illegal and as such if this guy had prior rights to the name, even if he didn't register it, you will lose it in court if you showed any evidence of holding the domain to sell it.
It's tempting, but do notacceptor negotiate any moneys for anything that has been sent a C&D.
--edit
sorry, but the frikken spacebaris acting up
