sentences:  It is incumbent on registrants to be proactive in managing their name registrations and to be good stewards of their domain names.By law there are no perpetual rights to domain names after payment of registration fees lapses, aside from trademark rights granted by common law or statute.The Redemption Grace Period is an addition to ICANN's Registrar Accreditation Agreement (RAA) which allows a registrant to reclaim their domain name for a number of days after it has expired.