On August 23, 2019 at 08:32 karl@cavebear.com (Karl Auerbach) wrote:
One has to wonder - why is it still ICANN policy to limit domain name contract terms to a maximum of ten years?
It doesn't sound like the problem was an expired domain name but reading the articles details are sketchy. Multi-year fees can get a little tricky in terms of accounting and liability. When I was involved in a membership organization we were advised to not do this or not for more than two years. For example going bankrupt (either legally or just ceasing operations) with outstanding active, multi-year membership fees can be construed as criminal fraud if you can't return the outstanding fees. You basically have to pro-rate the fees and escrow them so if you cease operations you can return the pro-rata. Not rocket surgery but a consideration particularly as an acquired liability in case of registrar/registry transfer of ownership. -- -Barry Shein Software Tool & Die | bzs@TheWorld.com | http://www.TheWorld.com Purveyors to the Trade | Voice: +1 617-STD-WRLD | 800-THE-WRLD The World: Since 1989 | A Public Information Utility | *oo*