IAN Clause Samples

The IAN (Independent Accountant Notification) clause establishes the process for appointing an independent accountant to resolve specific financial disputes or calculations between parties. Typically, this clause outlines how the accountant is selected, the scope of their review—such as verifying financial statements or determining adjustment amounts—and the binding nature of their findings. Its core practical function is to provide a neutral, expert mechanism for resolving complex accounting disagreements, thereby reducing the potential for prolonged disputes and ensuring objective resolution.