[At-Large] Sonoma Valley Hospital loses 3-letter domain name to hijackers

[bzs at theworld.com]

On August 23, 2019 at 08:32 karl at cavebear.com (Karl Auerbach) wrote:
 > One has to wonder - why is it still ICANN policy to limit domain name contract
 > terms to a maximum of ten years?
 > 

It doesn't sound like the problem was an expired domain name but
reading the articles details are sketchy.

Multi-year fees can get a little tricky in terms of accounting and
liability.

When I was involved in a membership organization we were advised to
not do this or not for more than two years.

For example going bankrupt (either legally or just ceasing operations)
with outstanding active, multi-year membership fees can be construed
as criminal fraud if you can't return the outstanding fees.

You basically have to pro-rate the fees and escrow them so if you
cease operations you can return the pro-rata.

Not rocket surgery but a consideration particularly as an acquired
liability in case of registrar/registry transfer of ownership.

-- 
        -Barry Shein

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