You have identified a domain registered by a third party that infringes your rights? managed IP will help you find optimal measures to get the domain back.
Depending on the TLD there are various ways to enforce your rights e.g. through a WIPO UDRP (gTLD and many ccTLD) or ADR (.EU) procedure. Or we may contact the registrant directly or send a warning letter.
Each domain registry defines how disputes are handled in their TLD name space as part of their registration rules. This means there is no general approach to a squatted domain - the course of action differs with each case.