Grabbed up some branded domains now what

[onetwotree]

With the recent release of gtlds I was waiting to pick up a .clothing for a client.For some strange reason something came over me and I ended up buying 10 domains of brandname.clothing domains of well know brands. I'm no cybersquatter but just an aspiring SEO and sell these brand's clothing products online.As I learn more about the legal issues I'm wondering what to do

.Do I cancel domains with godaddy? Will I be refunded?

Do I contact rightful owner and offer them the domain at cost?

Can I create a fan site of the products and sell advertising as I seen on many occasions?

So confused what to do?

[onetwotree]

I feel you when it comes to the work load and level of interest.I'm passionate about the clothing industry and SEO so the interest is there plus I have ton of manpower behind me with what I established in the Philippines.I have 70-100 computers in two Internet Cafes in the Philippines and my SEO partner there operates our Internet Marketing team during night shift.The thing is if I just let them sit It may look like bad faith and I want to show these are simply fan sites that promote their brand and prove I'm not holding them hostage and intend to sell fakes or hurt their image.

[TakeshiYoung]

You can get a refund for the domains within 5 days of purchase. Get the domains refunded and stop using GoDaddy.

[94501]

Given the time it takes to get somewhere search-wise, I know for me personally I either need to be paid for the time or be so in love with the idea that work doesn't feel like work. If it falls in neither of those two categories, then for myself, I would just let them sit. Best... Darcy

[godreamvacations]

Really doubt GoDaddy will give you a refund. If you do absolutely nothing with them, I doubt you will be sued just for owning them. I wouldn't bother bringing the issue to the companies attention at all; you may be on their radar then. Personally I'd use them for legitimate purposes like creating fan sites; but would keep advertising and any money-making schemes off the sites for at least several months. Build some social media pages for them and make it like a real fan site. That way it will be less-likely they come after you later on saying you were just trying to make a quick buck. Do not put a phrase on the sites saying "buy this domain name" or anything like that.  Just my 2 cents (* not legal advice)