Hello All, For the purposes of considering PDP-Dec05 (new gTLDs) and PDP-Feb06 (policy guiding contractual terms for gTLDs), we should consider that over the lifetime of a gTLD that there may be different parties operating that TLD. For existing TLDs, we have seen one example of a TLD transferred from one party to another - ie .org used to be operated by Verisign, and is now operated by PIR. In future a gTLD operator may decide that that no longer wish to operate a gTLD, and the ICANN Board could decide to allocate that TLD to another party. PDP-Dec05 is considering policy issues around new gTLDs - including what contractual terms are appropriate. PDP-Feb06 is considering policy that can affect contract terms of agreements for the existing TLDs. However new policy in this area may only affect a future operator of an existing TLD rather than an existing operator (unless that operator agrees) of an existing TLD, as policies in this area may fall outside of the "Consensus Policy" definition in the existing contracts. The outcomes of PDP-FGeb06 can affect a contract renegotiation. For example if an existing operator has a term of 4 years, and the new ICANN policy requires a term of 1 year, than the existing operator would not be able to negotiate for a term longer than 4 years but could keep their current term of four years. Regards, Bruce Tonkin