Changes

In 2005, 1 & 1 Internet, through its domain expert [[Eric Schaetzlein]], led a group of 30 registrars in objecting the draft proposal by [[ICANN]] to give [[Verisign]] exclusive control to manage the [[.com]] [[gTLD]]. Schaetzlein argued that under the new proposed agreement, Verisign is given the authority to raise domain fees as much as 7 percent per year without any justification. According to him it would negatively affect the competition within the Internet industry and domain registrants worldwide.

In 2005, 1 & 1 Internet, through its domain expert [[Eric Schaetzlein]], led a group of 30 registrars in objecting the draft proposal by [[ICANN]] to give [[Verisign]] exclusive control to manage the [[.com]] [[gTLD]]. Schaetzlein argued that under the new proposed agreement, Verisign is given the authority to raise domain fees as much as 7 percent per year without any justification. According to him it would negatively affect the competition within the Internet industry and domain registrants worldwide.

In a statement Schaetzlein said, "The current draft of the agreement practically assigns .com to VeriSign forever. This contradicts ICANN’s core mission to promote competition in the Internet industry, which was established in its own by-laws and in the [[MoU|Memorandum of Understanding]] with the U.S. [[DOC|Department of Commerce]]." <ref>[http://press.1and1.com/xml/article?article_id=231 1&1 Leads Opposition of ICANN/VeriSign Draft Proposal for .com Domain Administration]</ref>

In a statement Schaetzlein said, "The current draft of the agreement practically assigns .com to Verisign forever. This contradicts ICANN’s core mission to promote competition in the Internet industry, which was established in its own by-laws and in the [[MoU|Memorandum of Understanding]] with the U.S. [[DOC|Department of Commerce]]." <ref>[http://press.1and1.com/xml/article?article_id=231 1&1 Leads Opposition of ICANN/VeriSign Draft Proposal for .com Domain Administration]</ref>

Schaetzlin, also pointed out that based on the existing agreement between Verisign and ICANN, which was set to end in 2007, it is clearly stipulated that Verisign must justify any price-increase and it requires approval from ICANN. The opposing registrars described the wording of the newly proposed agreement as a major step backwards and speculated that the draft contract of the .com administration may be part the settlement between ICANN and Verisign's legal battle.

Schaetzlin, also pointed out that based on the existing agreement between Verisign and ICANN, which was set to end in 2007, it is clearly stipulated that Verisign must justify any price-increase and it requires approval from ICANN. The opposing registrars described the wording of the newly proposed agreement as a major step backwards and speculated that the draft contract of the .com administration may be part the settlement between ICANN and Verisign's legal battle.

The opposing registrars asked the [[ICANN Board]] to make necessary changes on its draft proposal agreement with Verisign and to review its settlement proposal with the company. In addition, the registrars also  asked ICANN to hold a public hearing for the Internet community to express their concerns regarding the issue.

The opposing registrars asked the [[ICANN Board]] to make necessary changes on its draft proposal agreement with Verisign and to review its settlement proposal with the company. In addition, the registrars also  asked ICANN to hold a public hearing for the Internet community to express their concerns regarding the issue.

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