The Department of Justice (DOJ) model timing agreement is a tool used by the DOJ to streamline investigations and settlements in antitrust cases. In essence, it is a agreement between the DOJ and the company being investigated that sets out the timeline for the investigation and any potential remedies.
The purpose of the model timing agreement is to provide a clear and predictable timeline for all parties involved in the antitrust investigation. This can help to reduce uncertainty and enable companies to make informed decisions about how to handle the investigation.
The model timing agreement typically includes several key elements. First, it will set out the scope of the investigation, including the products or services under investigation, the relevant markets, and the specific allegations being investigated.
Next, the agreement will establish a timeline for the investigation. This will typically include deadlines for document production, witness interviews, and other key milestones in the investigation process. The timeline may also include deadlines for the DOJ to provide feedback on proposed remedies and for the company to propose its own remedies.
Finally, the model timing agreement will set out the potential remedies for the investigation. These may include divestitures, changes to business practices, or other measures designed to remedy the antitrust violations identified in the investigation.
Overall, the DOJ model timing agreement is an important tool for companies facing antitrust investigations. By establishing a clear and predictable timeline for the investigation process and potential remedies, it can help to reduce uncertainty and enable companies to make informed decisions about how to handle the investigation. As such, it is an important consideration for any company facing antitrust scrutiny from the DOJ.