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ICANN releases new dotcom contract

January 2006

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 important alterations.

They are:

* 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 third-parties.
* Marginally increased control over VeriSign's ability to introduce changes to the existing dotcom business model.

 

 

 

 

 

 

 

 

 

 
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