The practice of warehousing potentially lucrative internet domain names, long rife in the US, is now hitting the UK. The latest victim, reports the Financial Times, is Tower Records, which had to pay 1,200 pounds to Internet company UKIP for the name tower.co.uk. UKIP apparently owns the rights to hundreds of generic domain names, such as fun.co.uk and wine.co.uk. It is a breach of copyright to register the rights of corporate names for speculative purposes, and a speculator who registered the name harrods.co.uk had to hand it over to the department store for free.
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