Short answer, it can cause problems if they can demonstrate trademark rights.

To the term.

Woof!..

Ok ask yourself...why have you parked it just now, after finding out...and why are you surprised that it gets traffic...they have a business with that name?...regardless of you have this domain registered before they had the .net....UNPARK IT!!!...it could hurt you in the long run because you are showing bad faith now.......my 2cent.....

Cheers,.

Frank.

Btw, I am not a big dog - I just use common sense :-)..

"common sense"???? then you are in the wrong field LOLOL.

Yes, unpark the domain. If it can be proven you road their TM for commercial gain, that could hurt you. As far as approaching them, make darn sure they were not in existance before you registered the domain. But always tread lightly...

Yes I agree with dvdrip, if they really want .com surely they will contact you...

Thanks Everyone! I unparked it.

The reason I parked it was to see if and what kind of traffic I would get. I am new to parking and I parked 3 domains a little over a week ago. I got some hits so now I am looking at other domains I own. I will not contact them.

As always I appreciate the advice...

LOL, that made my day.....you are so right :-).

Cheers,.

Frank..

Edit your post and remove the domain name. That's my first advice.

Next...unpark and develop if possible...but that's ALWAYS my advice to domainers...

Thanks everyone! Yeah, I need to start developing.

But if I develop could I not run into the same problems?..

Only if you compete with them, if the term is a trademarkable one. If it is a generic term, well it would be best to dev it in a different direction than them any way you look at it...

You can if the term turns out to be used in commerce by more than one guy..

Unfortunately various decisions have essentially placed the burden on us to.

Ensure how we use those domain names don't infringe someone's IP rights...