ICANN Board Approves Renewal Of Verisign Contract To Run .Com for Another 6 Years
The ICANN board just issued a resolution renewing the Contract with Verisign to run the .com registry for another six years.
Under the contract Verisign has the right to increase the wholesale price of .com 7% in any 4 of the six years of the contract.
I appears the Board of ICANN did not adopt any of the suggestions made during the comment period
Here is the resolution:
“Whereas, the current .COM Registry Agreement is due to expire on 30 November 2012.
“Whereas, Section 4.2 of the current .COM Registry Agreement provides that the Agreement shall be renewed upon the expiration of the initial term so long as certain requirements are met, and that upon renewal, in the event that certain terms of this Agreement are not similar to the terms generally in effect in the Registry Agreements of the five largest gTLDs (determined by the number of domain name registrations under management at the time of renewal), renewal shall be upon terms reasonably necessary to render the terms of this Agreement similar to such terms in the Registry Agreements for those other gTLDs.
“Whereas, the proposed .com renewal Registry Agreement includes modified provisions to bring the .com Registry Agreement into line with other comparable agreements (e.g., .BIZ, .INFO, .NET, .ORG), including modifications to terms such as functional and performance specifications, Whois, indemnification, and broad audit provisions.
“Whereas, ICANN commenced a public comment period on the proposed .com renewal Registry Agreement on 27 March 2012 (see, <http://www.icann.org/en/news/public-comment/com-renewal-27mar12-en.htm>) that was closed on 17 May 2012.”
“Whereas, ICANN received 40 comments from 34 different commenters addressing subjects such as rights protection mechanisms, thick Whois, Whois protocol replacement, application of subsequent policies ratified by ICANN, equivalent registry contracts, chief compliance officer, single-character registrations, presumptive renewal and pricing provisions, competitive contract bidding and a summary and analysis of those comments was prepared and provided to the Board.”
“Whereas, no revisions to the proposed .COM renewal Registry Agreement are necessitated after taking into account the thoughtful and carefully considered comments received.”
“Whereas, the proposed .COM renewal Registry Agreement includes significant improvements in security and stability as compared to the current .COM Registry Agreement.”
“Resolved (2012.06.23.20), the proposed renewal .COM Registry Agreement is approved, and the President and CEO and the General Counsel are authorized to take such actions as appropriate to implement the agreement.”