Domain Registration Related News
ICANN releases new dotcom contract
Internet overseeing body ICANN has released a revised contract for
all dotcoms which it hopes will finally end a huge legal fight at the
heart of the internet.
Significant changes have been made to the deal - which will hand
control of all dotcom domains to current owner VeriSign until 2012 -
following widespread criticism from the Internet industry.
The new agreement, hailed back in October as bringing in a "new era"
for the Internet by ICANN head Paul Twomey,- contains several
* Removal of a transaction fee that would have been charged to all
companies selling a dotcom domain.
* A new direct contribution that VeriSign pays to ICANN direct.
* Some limits on VeriSign's price-rising powers.
* Reduced scope for VeriSign to sell personalised data to
* Marginally increased control over VeriSign's ability to introduce
changes to the existing dotcom business model.