Common use of Implementation of the Report Clause in Contracts

Implementation of the Report. 1. The responding Party shall promptly comply with the final report of an Arbitral Panel, or, if this is not practicable, within a reasonable period of time. 2. Unless the Parties agree otherwise, within 30 days after the date of receipt of the final report, the responding Party shall notify the complaining Party in writing of actions it proposes to take to implement the final report of the Arbitral Panel. 3. If the responding Party considers that prompt compliance with the final report of the Arbitral Panel is impracticable, the Parties shall immediately enter into consultations with a view to mutually determining a reasonable period of time to implement the final report. 4. Where the Parties fail to agree on the reasonable period of time within 45 days after the date of issuance of the final report of the Arbitral Panel, either Party may request in writing the original Arbitral Panel to determine such matter. Such request shall be notified to the other Party. 5. Unless the Parties agree otherwise, the Arbitral Panel shall issue its determination on the extent of the reasonable period of time for compliance to the Parties within 40 days after the date of the submission of the request. 6. In the event that any member of the original Arbitral Panel is no longer available, the procedures set out in Articles 13.5 (Establishment of an Arbitral Panel) and 13.7 (Composition of Arbitral Panels) shall apply. 7. The reasonable period of time may only be extended by mutual agreement of the Parties.

Appears in 2 contracts

Sources: Free Trade Agreement, Dispute Settlement Agreement