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DOMAINS NAME [2]  

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When you buy a domain name, you are actually leasing the name. It is a lease because there is no way to own a domain name forever. You pay a fee on an annual or bi-annual basis to your registrar to continue using the name. If you stop paying your annual fees, it becomes a lapsed domain name and goes back out on the market where anyone, perhaps even your competition can purchase the domain for their use.


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