Domain Names and Cybersquatting
I work in a office with many other companies. Last month one of the companies was explaining how they were trying to acquire a web domain from another individual but had no luck. I introduced myself and said I was a good negotiator and I would be happy to negotiate the domain on their behalf. We agreed upon $11,500 to acquire the domain. Meaning, regardless of what it cost me to get the domain, they would pay $11,500.
I wrote them an email to confirm our meeting to which they never responded. This is the email I sent word for word:
"Hey David,
I want to get XXXXXXXXXXXX.com for you. Can we agree on $11,500 for me to obtain the website for you? The difference will be my profit. Does that sound fair?"
5 days later they responded, changing their mind:
"We are not interested in the domain anymore. It's worth $0 to us"
I decided to still purchase the domain and I currently own it. A few days ago they asked me to give them the domain. They said if I didn't that I was guilty of cybersquatting and that my email was their proof.
One last bit of information. Their trademark is exactly my domain:
I.E. Their company name is Fat Huskies, the domain I bought is FatHuskies.com
The site is currently displaying a Youtube video as a tribute site to a movie character.
Am I cybersquatting?