ICANN Proposes VeriSign .NET Agreement With 10% Annual Increase

ICANN logoVeriSign logoICANN has posted a proposed draft renewal agreement for the operation of the .NET registry that allows for an increase in the “service fee” for each new .NET registration and each renewal of ten per cent each year for the life of the agreement.

The proposed agreement says “the price to ICANN-accredited registrars for new and renewal domain name registrations and for transferring a domain name registration from one ICANN-accredited registrar to another, shall not exceed a total fee of US$5.40, which fee consists of (A) a Registry Operator service fee (“Service Fee”) equal to US$4.65, and (B) an ICANN fee equal to US$0.75.”

The proposed renewal agreement from Verisign includes modified provisions to bring the .NET agreement into line with other comparable agreements (e.g. BIZ, COM, INFO, ORG), including terms such as traffic data, limitation of liability, indemnification, assignment, and notice provisions.

In addition to the changes to bring .NET into conformance with other agreements, Verisign has requested a change to give more flexibility for the registry to take action to prevent the registration of particular domain names when necessary in order to protect the security and stability of the DNS and the Internet – such as the actions that were taken by Verisign and other registries in coordination with ICANN in order to mitigate the threat from the Conficker virus.

The current .NET Registry Agreement between ICANN and VeriSign is due to expire on 30 June 2011. Public comment may be submitted to net-agreement-renewal@icann.org through 10 May 2011 and viewed at forum.icann.org/lists/net-agreement-renewal.

America Registry logoTo register your .NET domain name, check out America Registry here.