I've got a little domain name issue

I've got a little domain name issue


I would like to hear your comments.
Last year I registered an awesome domain name (so I think).

I was amazed it was available and built a little mainstream portal on it.

to explain: the domain is like this:
keyword1-keyword2.ext

a very nice combo.


I called an hour ago the owner of
keyword1keyword2.ext (notice no dash)

I said I understand that it is my fault that I didn't register my name a few years ago... but I also said I want to own his name. I offered him to pay his "business expenses" and a little more. I was a little whiny and shit...

Would like to know what you'd do. As far as my legal knowledge tells me he has no legal rights to own this domainname... so should I let it go?

Lemme hear your comments/thoughts.