This latest version of the Registry Agreement (RA) "is the result of several months of negotiations, formal community feedback during a public comment forum initiated on 5 February 2013, and meetings with various stakeholders and communities," ICANN states.
Despite the work that went into it, many applicants hope that this version will not be the last.
The RA features a number of updates and changes - including revisions to the amendment process, a new confidentiality provision, and revisions to registry owners’ rights and obligations on reserved names.
But much work remains.
ICANN’s process for amending the RA - after registries sign it - is still the object of intense debate. Many argue this top-down approach is antithetical to ICANN's consensus-building, multi-stakeholder process, but ICANN has shown little to no inclination to budge on this point. Brand stakeholders also remain concerned about insufficient trademark protections in the event a registry fails.
The Registry Agreement Negotiating Team (RA-NT) - an informal group with no decisional authority that nevertheless worked with ICANN on the redraft - issued a statement making clear it expects additional changes upon closure of the public comment period, over a month away.
For now, we eagerly anticipate reaction from the ICANN community and the ICANN board and wonder whether the board will accept the community's feedback before final terms are approved.