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Expired Domain Name – Can I Run The Site Like It Was?





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Ok, going to give a little scenario to help out :D
name.com was running a really good site which i really loved and enjoyed. He suddenly closed the site and has has it go to error cant be found page ever since (about 9 months).
The domain “name.com” (example) has just now expired and i am thinking of buying it when the grace period is over.
Will i be able to take on the domain and reboot the site using a similar design and ideas – for example, if they concentrated on on the Simpson’s, would i be able to?
Is they any backlash with this? once a domain has been bought by someone else, does the old owner have no legal feet to stand on and cant tell me that ive copied ideas etc.
Thanks for your help.

Rocket Spanish