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What does “Prevent my domain from being transfered without my permission” mean under Domain Options?

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What does “Prevent my domain from being transfered without my permission” mean under Domain Options?

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A. Selecting this option adds a special “REGISTRAR-LOCK” flag to your domain name. When this flag is in place, other registrars will not be able to transfer your domain to their service. If you ever decide that you wish to transfer your domain to another registrar, you will first need to contact us so that we can remove to “REGISTRAR-LOCK” flag for you.

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