Section V.C. has been replaced in its entirety several times. The most recent September 2006 modifications to the JPA replaced it with much simpler language nothing about IP. Dealing with IP may have been ICANN's job ten years ago when he was on the board, but it isn't now and hasn't been at least since 2006.
It has never been ICANN's job, but as a coordinating body is not out of the scope for ICANN to, in a collaborative fashion gather recommendations and participate in the development of a plan and processes that consider property rights in the potential introduction of new gTLDs. IMHO, and grabbing a concept from new ICANN's CEO's book "The Starfish and The Spider", as soon as you embed property rights into ICANN's role, that will be the demise of the organization. My .02 Jorge