By Nick Leeson ( June 10, 2020, 2:05 PM EDT) -- Impact and benefit agreements (IBAs) have emerged as the primary mechanism for Indigenous participation in resource development projects. So, what are IBAs exactly? What do they achieve for industry, and which types of benefits do they typically provide to Indigenous peoples? In what circumstances do they arise? What are the critical considerations in their negotiation? And what are the steps that follow their conclusion? I’ll answer this and more below....