Hi, I could able to see lot of websites with domain names like nokiareviews.[extn] bestsamsungdeals.extn] bestmotorolaphones.[extn] Is it legal? or what will be the penalties?
Possible trademark issues, it really depends whether the company wants to enforce their trademark and take the domain from you. The only way to be sure is to ask first and see what they tell you.
Ok, what is the case, if they found that the live website violates the copy right rules, what kind of action they will take? if the site was owned by an induvidual, then only seizing the website or any other further actions?
Any of the following: 1. They send you a "cease and desist" letter asking (or even demanding) you give the domain name to them. 2. They file an administrative proceeding to seize or cancel the domain name. 3. They sue you under any applicable law. 4. They might do whatever boggles the mind. It depends on who you're dealing with. It's up to you to decide.
If you monetize the domain in any way, you will likely be cybersquatting. Penalties include up to $100,000 in damages per domain name under the Anti-Cybersquatting Consumer Protection Act. Not worth the risk from my point of view.
It is always profitable to stay on the safer side. Many of these Fortune 500/global companies don't really care about their names being attached to a domain. But a website could run into trouble if the site copies contents from the company sites.
I disagree. The bigger the company, the more likely you'll hear from them - and taking content from their site is copyright, not trademark infringement. Trademark holders have a legal obligation to protect their trademarks - or risk losing it. Some of the larger gaming companies are an exception and aren't very aggressive, but they could certainly take action if they want to.
How are you going to use the domain names? Cybersquatting requires a showing of bad faith. If you are going to use the domains in good faith for customer reviews of product sales, you may be on solid legal footing.