Well, NSI subsequently rewrote their contract to include words like "you don't
own the domain name, no ifs ands or buts" (something like that), and it was
eventually upheld in one legal decision:
http://davezan.com/sizevsnsi.txt
Register.com's contract has similar wording on that part and was upheld, too.
This topic's one of those beaten-to-death ones. Needless to say, the domain
name is going to stay registered until either: a) it expires and goes through its
usual process with the registrar, or b) someone gains access to it before a in
whatever way possible.
Depending on how one will go about B, it might be easy or impossible.
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