new agreement

[Mark Page <mpage@xxxxxxxxxxxxxxxxxx>]

To the ICANN Board,

The proposed TLD Registry Renewal Contracts for .info, .biz, and .org 
domains have a seriously flawed component whereby a registrar will be 
able to set arbitrary rates without price caps at whatever the market 
will bear. This will create a financially devasting impact on the 
business models of millions of domain and web site owners worldwide.
The impact will be especially damaging to .org and .info domain owners 
and site operators who for the most part use .org and .info domains for 
non-profit, charitable organizations, and educational purposes.
Hundreds of billions of dollars have been invested into the core domain 
name infrasctructure of the Internet with the secured expectation that 
acquiring, owning and maintaining domains would always be affordable and 
make economic sense for a long term investment.
To enable and facilitate a way for registrars to financially exploit and 
gouge the marketplace would not only be a business tragedy, but it goes 
against the grain of all the base principles upon which the Internet was 
conceived. It would certainly deter new entrepreneurs from considering 
venturing onto the Net if there is no certainty what their site's URL 
location will be costing them each year they renew. And the vast 
multitude of current domain owners and web site operators would close up 
shop if their costs of doing business skyrocketed on every domain they own.
Even more importantly, this flaw would give an unfair economic advantage 
to individuals and corporations who have substantial capital resources 
who could outbid less fortunate and startup entrepreneurs with limited 
capital.
And inevitably, there would be a tidal wave of costly and time consuming 
lawsuits and litigation that ICANN itself would have to deal with from 
the millions of impacted domain owners.
Thus, I respectfully request that you reconsider and reconstruct the 
contracts and remove this no price caps clause completely.

Sincerely,
Mark Page