Registering a domain name of another party's trademarked name or famous person's name is called cybersquatting.

Name: Registering a domain name of another party's trademarked name or famous person's name is called cybersquatting.
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Cybersquatting is the practice of registering, trafficking in, or using a domain name that is identical or confusingly similar to a trademark or service mark that is owned by someone else. It is generally considered bad faith behavior and is illegal.

Registering a Domain Name of Another Party's Trademarked Name or Famous