(I am not a lawyer, I do not play one on TV nor do I look like one)
Your chances of having any legal action against you right now are minimal. You said it is not parked or developed (make sure it is not parked by your Hosting company, if it is, just throw up a page with the domain name or something very basic (even a blank white page).
The ethical thing to do is notify the company that you registered the domain and offer it to them for free (asking any money might start a case against you).
If you don't want to do that, you can just drop the name. Most registrars will allow you to immediately drop a domain.






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you should be OK.






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