UDRPlaw - The Uniform Domain Name Dispute Resolution Policy Legal Information Site

Wednesday, October 26, 2005

ICANN-Verisign Settlement

On Monday October 24 ICANN and Verisign announced an end to their long simmering legal dispute and reached a settlement that will allow Verisign to retain maintenance of the .com TLD through 2012. Commenting on the proposed agreement, Paul Twomey, President and CEO of ICANN said: "This proposed agreement settles many of the long-standing points of tension between ICANN and VeriSign. The settlement opens the way for a constructive and productive relationship between ICANN and VeriSign that will benefit the global Internet community, and further illustrates the benefits of a multi-stakeholder approach."

A copy of the press release from ICANN is available here. A link to the proposed settlement agreements is here. The .com Registry Agreement is here. Link to Bret Fausett's podcast on the settlement is here.