10 Jan '12, 10pm

ICANN On Threat Of Litigation On New gTLD’s To Applicants: You Take The Risk

ICANN just held as phone meeting with the press on its new gTLD program today. Based off a question asked by Andrew Allemann from DomainNameWire.com and a follow up question by myself on the behalf of TheDomains.com . it appears ICANN is NOT willing to give any assurance to applicants who put down their $185,000 application fee that any special refund would be available in the event a court orders ICANN to stopped or delay the new gTLD program. “We will only offer refunds that are laid out in the Applicant Guide Book.” “The Guidebook does not specifically talk about a refund based on court action.” “The only refunds provided under the Guidebook are: If the Gac issues an early waring and applicant withdraws its application they get 80%back Applicant withdraws before initial evaluation 70%. After initial evaluation if the applicant withdraws they get 20% back.” So ICANN is c...

Full article: http://www.thedomains.com/2012/01/10/icann-on-threat-of-l...

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