[attribution removed, as I lost track of who said what]
Do you now. Unfortunately, the plain language of the LRSA does not respect your belief.
ARIN makes only two promises about the application of existing and new ARIN policies to LRSA signatories: "ARIN will take no action to reduce the services provided for Included Number Resources _that are not currently being utilized_ by the Legacy Applicant." (10.b) and "fee shall be $100 per year until the year 2013; no increase per year greater than $25." (6.b)
Except for those exclusions, the LRSA includes "the Policies which are hereby incorporated by reference" (15.d). Those policies are "binding upon Legacy Applicant immediately after they are posted on the Website" (7).
In other words, if the ARIN board adopts a policy that legacy registrants must install some of their addresses on a router on the moon (or perhaps some requirement that's a little less extreme) then failing to is cause for terminating the contract (14.b). Which revokes the IP addresses (14.e.i).
I think that is a rather bizarre and extreme construction of excerpts of the contract language. More rational construction would lead one to believe that the stated intent is to limit ARIN's ability to raise fees and prevent the revocation of legacy addresses absent a failure to pay fees.
You could think this 'bizarre', and you might be right. I read it, however, and was convinced - at least to the point where I would advise a client not to sign such an agreement without additional research. Ritual disclaimer - IAAL, but not a very good one, and this isn't legal advice, and, if you take legal advice from a stranger's internet postings, you have bigger problems than ARIN can throw at you. :-) -- _________________________________________ Nachman Yaakov Ziskind, FSPA, LLM awacs@ziskind.us Attorney and Counselor-at-Law http://ziskind.us Economic Group Pension Services http://egps.com Actuaries and Employee Benefit Consultants