Consortium Agreement
/kənˈsɔːrʃiəm əˈɡriːmənt/
Definitions
- (n.) A formal contract between multiple parties to collaborate on a joint project or venture, outlining rights, duties, and governance.
The companies drafted a consortium agreement to develop the new technology together.
Forms
- consortium agreement
- consortium agreements
Related terms
See also
Commentary
Consortium agreements often address intellectual property rights and resource sharing; clarity in roles and dispute resolution is crucial.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.