30 Nov '12, 1pm

Verisign: .Com Contract Renewed For 6 Years With NO Automatic Price Increases

In what domain holder have to consider a victory, Verisign, Inc. ( NASDAQ : VRSN ) was granted an six year renewal of the .Com registry but losses the ability to automatically raise prices. Verisign’s current pricing of $7.85 per domain name registration will continue for the six-year term of the Agreement. Under the current contract Verisign has to operate the registry which expires today they had the right to raise prices 7% in any 4 of the 6 years of its choice and in fact did elect to raise prices in 4 of 6 years. The term of this contract is term commencing on Dec. 1, 2012 through Nov. 30, 2018 “Price increases are limited to circumstances based on the imposition of new Consensus Policy or extraordinary expenses related to security or stability threats, and now require Commerce Department prior approval. Finally, pricing restrictions may be removed entirely if Verisig...

Full article: http://www.thedomains.com/2012/11/30/verisign-com-contrac...

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