The document discusses domain name registration. It explains that domain names make it easier for users to navigate the internet by providing familiar names like www.example.com instead of long IP addresses. Domain names ending in .com, .net, etc. can be registered through competing registrars who will submit the registration information to a central registry and enter a registration contract. Registrations last 1 year initially but can be renewed for up to 10 years total. The cost of registration varies by registrar and registrars may offer discounts or free registration with other services like web hosting. Registrants can change registrars 60 days after initial registration.