It makes the rules, administers the registration process, and maintains the official database of registered Domain Names.
All applications are subject to InterNIC approval.
InterNIC does not screen names for registered trademarks or other rights. Since domain names are registered on a first come, first serve basis, it is best to register Internet business and brand names before they are taken. If you are a manufacturer, you probably need a web site. Having a web site gives you a modern appearance. An email averages around 2.3 seconds and costs nothing.