Domain Names are owned by registering the name through an accredited Registrar or reputable authorized agent of an accredited Registrar by the year. We are an authorized agents. All registrars are governed by ICANN.
"Domain Names (also known as Web Address, URL, Namespace or Universal Resource Locater) are a series of alphanumeric strings separated by periods. such as www.urlurl.com or www.iisnc.net. they are the address of a computer network resource or connection that identifies the owner of the address." Disputes regarding your domain name, ownership, unauthorized transfer from one Registrar to another are handled by InterNIC.
"The Internet Corporation for Assigned Names and Numbers is a nonprofit organization that is responsible for coordinating the maintenance and methodologies of several databases, with unique identifiers, related to the namespaces of the Internet - and thereby, ensuring the network's stable and secure operation."
"The Network Information Center, also known as InterNIC from 1993 until 1998, was the internet governing body primarily responsible for domain name allocations and X.500 directory services. From its inception in 1972 until October 1, 1991, it was run by the Stanford Research Institute, and led by Jake Feinler. From October 1991 until September 18, 1998, it was run by Network Solutions. Thereafter, the responsibility was assumed by the Internet Corporation for Assigned Names and Numbers."