This is the type of answer that the ICANN sends to applicants. I modified company names and .BRANDs concerned:
Re: Notice of Registry Operator Request for Termination of Registry Agreement - .BRAND Top-Level Domain
On 09 January 2020, BRAND notified ICANN org of its intent to terminate the .brand Registry Agreement entered into on 23 July 2015. Pursuant to Section 4.4(b) of the Registry Agreement, Registry Operator may terminate the Registry Agreement for any reason upon one hundred eighty (180) calendar day advance notice.
Pursuant to the terms of Section 4.5 of the Registry Agreement, as modified by Section 6 of the Specification 13 (.Brand TLD Provisions), ICANN org consulted with BRAND to assess whether to transition operation of the .brand top-level domain (TLD) to a successor Registry Operator.
Subject to an ongoing evaluation, ICANN org has made a preliminary determination that operation of the .brand TLD need not be transitioned to a successor Registry Operator. ICANN org’s review and determinations regarding transition to a successor registry are subject to Section 4.5 of the Registry Agreement (as modified for a .Brand TLD).
ICANN org’s preliminary determination to not transition the TLD to a successor Registry Operator is based on the following rationale:
- .brand qualifies as a .Brand TLD.
- Transitioning the TLD is not necessary to protect the public interest.
Before releasing its final determination, ICANN org will consider input provided by interested parties via email at email@example.com. The deadline to submit input is 28 March 2020 – 23:59 UTC.
Signed by President and Chief Executive Officer Internet Corporation for Assigned Names and Numbers (ICANN).