Illegal AcquisitionJul 15, 2023
I was doing my due diligence on my newest acquisition (a piece of digital real estate) and I uncovered something quite interesting…
The property had been built on an expired domain, which is quite common.
However, the original domain owner was actually a large solar parts manufacturer in the EU…
And they went bankrupt a few years ago. 💀
I immediately started sweating this because it’s very common that large companies have trademarks on their brand names.
“Had I just blown 20 grand to acquire an illegally operating piece of DRE?”
I immediately rushed over to the US patent & trademark office (USTPO) and put in the brand name to see if they have trademarks registered in the US…
I saw an entry for the brand name.
I clicked in for more info and I saw this…
It was canceled when they filled for bankruptcy.
Good to know 😇
Just be sure if you ever buy a (or even register a new) domain name, you check for trademarks.
TBH it probably wouldn't even be a problem even if it was trademarked still for 2 main reasons:
- The company is no longer in business (who’s gonna sue me?)
- If the site stays small enough, it won’t even get noticed.
But I don’t even have those constraits so now I can take this solar DRE to the 🌙
See you up there 😎