Legality of domain grabbing?

Question

I recently purchased a .com months ago, but want a .net that is currently registered to a "graphics company" in the UK which is expiring next month.

I was wondering, if they forget to renew their domain by that period and I am able to grab it, do they have legal grounds to sue me or get their domain back?

If so, what steps should I take in order to ensure that I have the proper rights to own the domain?

Answer 1

If it expires, it expires. They'll have no right to it legally.

Be warned, though, that there is a chance they'll renew the name. If it's popular enough, someone else could already have a "request" in for the name, which you can do yourself.

Just a thought.