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→Relationship with ICANN
== Relationship with ICANN ==
== Relationship with ICANN ==
Verisign existed before ICANN, and thus with the establishment of the Internet's oversight body, Verisign was in a place of sustained recognition as the registry of many of the Internet's most important [[TLD]]s. While it has given up some of its original TLD oversight, it continues to manage the Internet's most important extension, [[.com]], and others.
===Sponsorship===
===Sponsorship===
Verisign is consistently one of the largest sponsors of [[ICANN]]'s meetings; they sponsored at the Platinum level or above for all 2011 meetings.<ref>[http://dakar42.icann.org/ Dakar42.ICANN.org]</ref><ref>[http://singapore41.icann.org/ Singapore41.ICANN.org]</ref><ref>[http://svsf40.icann.org/ SVSF40.ICANN.org]</ref> Some commentators attributed the ability of ICANN to secure former U.S. President, [[Bill Clinton]], to speak at [[ICANN 40]] to the especially high level at which Verisign sponsored that meeting.<ref>[http://domainincite.com/verisign-drops-150000-on-icann-singapore/ Verisign Drops 150,000 on ICANN Singapore, DomainIncite.com]</ref><ref>[http://www.tldmagazine.com/bill-clinton-to-address-icann-san-francisco-meeting.html Bill Clinto to Address ICANN San Francisco Meeting, TLDmagazing.com]</ref>
Verisign is consistently one of the largest sponsors of [[ICANN]]'s meetings; they sponsored at the Platinum level or above for all 2011 meetings.<ref>[http://dakar42.icann.org/ Dakar42.ICANN.org]</ref><ref>[http://singapore41.icann.org/ Singapore41.ICANN.org]</ref><ref>[http://svsf40.icann.org/ SVSF40.ICANN.org]</ref> Some commentators attributed the ability of ICANN to secure former U.S. President, [[Bill Clinton]], to speak at [[ICANN 40]] to the especially high level at which Verisign sponsored that meeting.<ref>[http://domainincite.com/verisign-drops-150000-on-icann-singapore/ Verisign Drops 150,000 on ICANN Singapore, DomainIncite.com]</ref><ref>[http://www.tldmagazine.com/bill-clinton-to-address-icann-san-francisco-meeting.html Bill Clinto to Address ICANN San Francisco Meeting, TLDmagazing.com]</ref>
In February 2004, Verisign sued [[ICANN]] claiming it had unlawfully been prevented from adding new features to [[.com]] and [[.net]].<ref>[http://news.cnet.com/2100-1038-5165982.html CNet News]</ref>. In August 2004, the claim was moved from federal to California state court. <ref>[http://www.icann.org/en/general/litigation-verisign.htm ICANN.org]</ref> Eventually, in late 2005, Verisign and [[ICANN]] announced a proposed settlement introducing terms for new registry services in the [[.com]] registry. The documents of these agreements are publicly available at [[ICANN]]'s official website and can be viewed [http://www.icann.org/tlds/agreements/verisign/settlement-agreements.htm here].
In February 2004, Verisign sued [[ICANN]] claiming it had unlawfully been prevented from adding new features to [[.com]] and [[.net]].<ref>[http://news.cnet.com/2100-1038-5165982.html CNet News]</ref>. In August 2004, the claim was moved from federal to California state court. <ref>[http://www.icann.org/en/general/litigation-verisign.htm ICANN.org]</ref> Eventually, in late 2005, Verisign and [[ICANN]] announced a proposed settlement introducing terms for new registry services in the [[.com]] registry. The documents of these agreements are publicly available at [[ICANN]]'s official website and can be viewed [http://www.icann.org/tlds/agreements/verisign/settlement-agreements.htm here].
===.com Renewals===
The dropping of the aforemetioned litigation between Verisign and ICANN seems to have cleared the way for the renewal of the [[.com]] registry agreement from 2005 through 2012.<ref>[http://www.theregister.co.uk/2005/10/25/verisign_icann_deal/ Verisign ICANN deal, TheRegister.co.uk]</ref>
===.net Renewals===
===.net Renewals===
Also, in other domain name negotiations with [[ICANN]], Verisign traded the [[.org]] [[TLD]] in return for continued rights over [[.com]]. In mid 2005, when Verisign's contract for operation with [[.net]] expired, Verisign and 5 other companies bid for it. Verisign was supported by renowned IT companies like Microsoft, [[IBM]], [[Sun Microsystems]], and [[MCI]]. On June 8, 2005, [[ICANN]] announced that Verisign had been approved to operate [[.net]] until 2011.<ref>[http://www.icann.org/en/tlds/dotnet-reassignment/dotnet-general.htm]</ref> These agreements have presumptive right of renewal clauses that encourage the registry operators to invest in critical Internet infrastructure. They were subsequently approved to operate the .net registry through 2017.<ref>[http://www.internetnews.com/infra/icann-renews-verisigns-.net-contract.html ICANN Renews Verisign .net Contract, InternetNews.com]</ref>
Also, in other domain name negotiations with [[ICANN]], Verisign traded the [[.org]] [[TLD]] in return for continued rights over [[.com]]. In mid 2005, when Verisign's contract for operation with [[.net]] expired, Verisign and 5 other companies bid for it. Verisign was supported by renowned IT companies like Microsoft, [[IBM]], [[Sun Microsystems]], and [[MCI]]. On June 8, 2005, [[ICANN]] announced that Verisign had been approved to operate [[.net]] until 2011.<ref>[http://www.icann.org/en/tlds/dotnet-reassignment/dotnet-general.htm]</ref> These agreements have presumptive right of renewal clauses that encourage the registry operators to invest in critical Internet infrastructure. They were subsequently approved to operate the .net registry through 2017.<ref>[http://www.internetnews.com/infra/icann-renews-verisigns-.net-contract.html ICANN Renews Verisign .net Contract, InternetNews.com]</ref>