Explain Uniform Domain-Name Dispute-Resolution Policy (UDRP).
The Uniform Domain-Name Dispute-Resolution Policy (UDRP) is a set of guidelines and procedures established by the Internet Corporation for Assigned Names and Numbers (ICANN) to provide a faster and less expensive alternative to resolving domain name disputes, particularly those related to cybersquatting. Cybersquatting is the act of registering, trafficking in, or using a domain name with the intent of profiting from the goodwill of someone else's trademark. The UDRP provides a legal mechanism for trademark owners to challenge such domain name registrations and seek their transfer or cancellation.
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