Every website has a unique and distinctive Internet Protocol Address. This IP Address comprises of a set of numerals. The Domain Names System allocates an easy to remember name to the numerals and these are the domain names. Thus these alphanumeric identities are used to reach an IP address. Usually a domain name consists of two or more parts separated by dots, the right most part called the top-level domain and the left, a subdomain.
As the Internet has become the platform of transaction of business, domain names have acquired the value and status of a trademark of a company. The significance of domain names lies in the fact that it plays the same role and hence has a similar value as that of a trademark. The company may use the domain names to conduct its business or for advertisement of its products and services. A domain name, thus serves the dual purpose of an address on the Net and a distinctive mark to identify products and services, and hence constitutes the intellectual
