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If a company submits an IP Claim, does it still need to submit an application for the .biz domain name?

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If a company submits an IP Claim, does it still need to submit an application for the .biz domain name?

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Yes. Submission of an IP Claim Form does not create any special rights with respect to registering a particular domain name. Any claimant wishing to register a domain name must also submit a separate domain name application.

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