For special purposes, such as network testing, documentation, and other applications, IANA also reserves a set of special-use domain names.[15] This list contains domain names such as example, local, localhost, and test. Other top-level domain names containing trade marks are registered for corporate use. Cases include brands such as BMW, Google, and Canon.[16]

Keep in mind, however, that free domain names are usually free only for one or two years, after which the registrar will bill you for the annual or biennial fee. In other words, the provider of the free domain name pays only for the first billing from the registrar. Also take note of whether or not the provider charges a fee for setting up a domain name. Most services offer to transfer an existing domain name to their servers at no cost, but sometimes you'll find a setup fee over and above the registrar's fee.
The U.S. Congress passed the Combating Online Infringement and Counterfeits Act in 2010. Consumer Electronics Association vice president Michael Petricone was worried that seizure was a blunt instrument that could harm legitimate businesses.[29][30] After a joint operation in February 15, 2011, the DOJ and the Department of Homeland Security claimed to have seized ten domains of websites involved in advertising and distributing child pornography, but also mistakenly seized the domain name of a large DNS provider, temporarily replacing 84,000 websites with seizure notices.[31]

A handful of domains will have restrictions on them, which means you can only purchase them if you meet certain criteria or have authorization (some examples are .gov, .edu. and .mil). But most extensions are available to everyone. In fact, most country code Top Level Domains (ccTLDs) are available for anyone to purchase, even if you don’t reside in the country in question.

The top ten was rounded out by #8 Ecig.co.uk ($6,613 at DomainLore.co.uk) and two more Sedo sales - #9 Wallace .co at $5,999 and #10 Poianabrasov.ro at $5,632. Sedo went on to sweep 16 of 20 chart entries overall. UnicDomains filled three spots with sales they made on the Above.com Marketplace with their marquee sale of #4 AR.ca ($25,000) joined by #12 (tie) Playground.ca ($5,000) and #20 BlackMarket.ca at $3,500. 
While numbers like the ones seen above are impressive, most domains sell for significantly less extravagant prices and are generally in the two or three-digit range. Not long ago, those who were able to secure general terms (like icecream.com or pizza.com) not protected by trademark rights often found themselves sitting on virtual gold mines. The glory days of this boom have long since passed, and those looking for a profit in today’s market need a keen sense for coming trends.

Administrative contact. A registrant usually designates an administrative contact to manage the domain name. The administrative contact usually has the highest level of control over a domain. Management functions delegated to the administrative contacts may include management of all business information, such as name of record, postal address, and contact information of the official registrant of the domain and the obligation to conform to the requirements of the domain registry in order to retain the right to use a domain name. Furthermore, the administrative contact installs additional contact information for technical and billing functions.
Absolutely. Owning 'yourname.com' (as well as related domains such as yourname.tech or yourname.me) is a great way to brand yourself and retain control over your name's online presence. With a personal domain name, you can set up a portfolio, blog, or hobby site that’s associated with your own personal life. You can also set up a custom email address like john@johnsmith.com allowing your visitors an easy and memorable way to reach you. So even if you have no immediate use for yourname.com, it's wise to register a personal domain to ensure that you (and not some stranger) control your name online.
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