Where Top Level Domains are available for 5 and 10 year terms discounts apply.
On June 27th 2013 ICANN( ICANN link ) released the latest version of its Registrar Accreditation Agreement (RAA)( RAA link ) . The RAA according to ICANN is supposed to enhance and solidify the competition between gTLD registrars while clarifying the responsibilities of the registrar and the rights of the registrants.
The 2013 RAA has brought in a long list of mandated changes that will affect both the registrar and registrant of currently available gTLD domains and the new gTLD names being released.
The biggest change for gTLD domain owners is the Whois( Whois link ) information validation process. ICANN has brought in a requirement that when a gTLD domain is registered, transferred or the contact information is updated the publicly available Whois( Whois link ) information must be validated.
You can read more about the changes and how they affect you here.