Consortium Agreement in English

For example, the Massachusetts Five College Consortium includes the University of Massachusetts Amherst, Mount Holyoke College, Hampshire College, Smith College, and Amherst College as members. Students attending one of these institutions can attend classes at any other partner school at no additional cost. Other academic consortia include the Quaker Consortium, Claremont Colleges, and the Big Ten Academic Alliance. The recipient is responsible for obtaining NIH approval for all actions to be performed by consortium participants that require such prior approval. To illustrate the complexity of such an agreement, Airbus` four partner companies (British Aerospace, Aerospace, Construcciones Aeronáuticas SA and DASA) were both subcontractors and shareholders of the consortium. This agreement led to certain conflicts of interest and inefficiencies, as well as a possible transfer to Airbus SAS in 2001, resulting in a consolidation of the initial members of the consortium and a reduction in overheads. In France, the consortium, which is considered a partial form of joint venture, has significant theoretical and practical importance. The French legal system does not contain a definition and does not explicitly use the term joint venture or consortium (temporary groupings of companies). The consortium agreement in France is a purely contractual cooperation agreement that does not include the constitution of a third party. The Consortium has no personality or legal capacity.

The contract is concluded between two or more natural or legal persons who undertake to carry out certain works in order to carry out a joint project that the members of the consortium have not been able to carry out themselves. The consortium agreement is not expressly regulated by the French legislature, but is admissible under the principle of contractual freedom as interpreted in Articles 6 and 1134 of the French Civil Code. [5] In the United States, video streaming service Hulu is a consortium of major media companies, including Comcast, Time Warner, the Walt Disney Company and 21st Century Fox. Although consortia tend to share resources, they act independently when it comes to day-to-day operations. In a joint venture (JV), two or more parties typically share ownership of a company, as well as risks, profits, losses, and governance. For example, the GENIVI Alliance is a non-profit consortium between different car manufacturers to facilitate the construction of an in-car infotainment system. a provision on the ownership and disposal of data created under the consortium agreement; Unlike a joint venture, consortia act independently in day-to-day business. Such consortia allow various for-profit companies to combine their technical know-how and pool resources to develop something they would not have developed otherwise. A provision that makes inventions and patent policy applicable to each consortium participant and its employees to ensure that the rights of the parties to the consortium agreement are protected and that the recipient can fulfill its obligations to the NIH; You can also have a consortium that can form a separate legal entity to achieve the consortium`s goal. There are also for-profit consortia owned by companies, but they are less common.

One of the best-known for-profit consortia is the airline manufacturer Airbus Industrie GIE. European aircraft manufacturers are working together in the consortium to produce and sell commercial aircraft. Consortium agreements generally stipulate that one of the colleges or universities where a student enrolled at the same time is responsible for managing the state`s financial aid. The Tornado was developed and built by panavia Aircraft GmbH, a trinational consortium consisting of British Aerospace (formerly British Aircraft Corporation), MBB of West Germany and Aeritalia of Italy. [Citation needed] The Recipient, as the direct and primary recipient of the National Institutes of Health (NIH) grant funds, is accountable to the NIH for the implementation of the project, the appropriate expenditure of the grant funds by all parties, and any other obligations of the recipient as specified in this policy statement. . . .