27. Model Contract — Dispute Settlement — Resolution of Discrepancies

• 27.1.  In matters pertaining to proposed and/or approved IRB Transactions, in circumstances where the IRB Authority and the Contractor fail to agree after negotiating in good faith, then the decision of the IRB Authority will prevail.
• 27.2.  In the event that the Contractor fails to agree to the decision rendered by the IRB Authority, then the Contractor may, within twenty-eight (28) calendar days of receipt of Canada's decision, submit a request to the Contracting Authority, for reconsideration of the matter by the IRB Authority. Such a request shall fully describe the issue, all relevant factors and the reasons for the Contractor's disagreement. Industry Canada will, within twenty-eight (28) calendar days of receipt of the request, issue the final determination detailing the reasons for the decision.