Section 74.131 — Competition Act: Consent agreement — parties to a private action

If a person granted leave under section 103.1 makes an application to the Tribunal for an order under section 74.1 and the terms of the order are agreed to by the person in respect of whom the order is sought and consistent with the provisions of this Act, a consent agreement may be filed with the Tribunal for registration. On filing the consent agreement with the Tribunal for registration, the parties shall serve a copy of it on the Commissioner without delay. The consent agreement must be published without delay in the Canada Gazette . The consent agreement must be registered within 30 days after its publication unless a third party makes an application to the Tribunal before then to cancel the agreement or replace it with an order of the Tribunal. On registration, the consent agreement has the same force and effect, and proceedings may be taken, as if it were an order of the Tribunal. On application by the Commissioner, the Tribunal may vary or rescind a registered consent agreement if it finds that the agreement is not in conformity with the purposes of this Part. The Commissioner must give notice of an application under subsection (6) to the parties to the consent agreement.