Dark Lord was the title of the two most powerful evils in Arda who vowed to take control of all Middle-earth for themselves and enslave the Free People. The first and greater Dark Lord was the Vala (at first) known as Melkor and then as Morgoth; the second and lesser Dark Lord was the Maia, Sauron. Both Dark Lords were very influential in the history of Middle-earth. Eventually the two Dark Lords were overthrown and defeated; Melkor was cast into the Void at the end of the First Age and Sauron was destroyed at the end of the Third Age by Frodo Baggins with the aid of Samwise Gamgee and Gollum by casting the Ring of power in the fires of Mount Doom.
Behind the ScenesEdit
"Dark Lords" became something of a cliché in fantasy novels following the success of JRR Tolkien's The Lord of the Rings with the Dark Lord Sauron.
Later in the Silmarillion it is revealed that Sauron was the second Dark Lord and that the first was Morgoth with Sauron actually being a servant of Morgoth. When Morgoth fell, Sauron took up his throne of influence and vowed to complete what his master initiated.