I almost registered a name through Go Daddy, but my head started to spin with all of the options available and all of the legalese involved.

Can someone give me the rundown on this?

My company website was created through FreeWebs.com.

I used their domain name registering process. It was really simple, the name took effect in something like 3 days, and the fee was cheap.

Thanks Bimmer.

All of the gobbledygook on Go Daddy kinda spooked me.

My idea will keep until I have a better understanding of this.

Anyone else have some input for me?

I use http://www.cheapdomainnames.com/ for the websites I control. If nothing else, you can "park" a domain name so someone else can't take the name. That is something I recommend doing if you have a specific name in mind.

"parking" is exactly what I had in mind.

Thanks!