Domain names, a relatively new form of intellectual property, bear some resemblance to other forms -- like patents or trademarks. Protecting or transferring these rights, however, is far more simple and less costly than with those forms of intellectual property. Accordingly, the enforcement of these rights is less stringent -- domain name owners are generally unable to collect compensatory damages for infringement.
As internet use proliferates, however, the global registration of domain names has become increasingly vital for enterprises operating internationally. It is advisable for such firms to protect their domain name rights using the means available.