When most people launch a web page, they purchase a domain name, which is the name of the website that also serves as the URL, or web address, that users are directed to find it. Examples of domain names are “HowToLoseWeight.com” or “eBay.com”.
These domains aren’t purchased indefinitely. Instead, they are purchased only for a year or two at a time. The original buyers of these domain names typically will be given the first opportunity to renew them after the contracted time has...