Consortium Clause Samples
A Consortium clause defines the arrangement where two or more parties collaborate to undertake a specific project or business activity, typically pooling their resources, expertise, or capabilities. In practice, this clause outlines the roles, responsibilities, and contributions of each consortium member, as well as the decision-making processes and how profits or liabilities are shared. Its core function is to establish a clear framework for cooperation, ensuring that all parties understand their obligations and reducing the risk of disputes during the joint venture.
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Consortium consortium formed by the Manager and the winner of the bidding process for acquisition of the rights of Exploration and Production of Oil and Gas in the Contract Area.
Consortium. A "consortium" is a group of attorneys or law firms that is formed for the sole purpose of providing contract services to persons qualifying for court-appointed legal representation. In addition to participating jointly to provide contract services, Consortium members retain their separate identities and may engage in non-court-appointed legal representation.
Consortium. A group of legal entities in the capacity of Contractor who are jointly and severally liable for the performance of the Assignment.
Consortium. 17.1 This provision only applies insofar as the Contract is concluded with a Consortium of providers.
17.2 The members of the Consortium have full responsibility for carrying out and complying with the terms of the contract. The members of the Consortium are jointly and severally liable. If a member of the Consortium fails to implement its part of the contract, the other members become responsible for the carrying out of the Deliverables, unless the Council expressly relieves them of this obligation.
17.3 In case of breach of contract, where applicable, the Council will claim back the amounts paid but that were not due under the contract. The coordinator of the consortium is fully liable for repaying the debts of the consortium; even if it has not been the final recipient of those amounts.
17.4 The internal roles and responsibilities of the members of the Consortium are divided as follows:
17.4.1 The members of the Consortium must designate a coordinator.
17.4.2 Each member of the Consortium must: inform the coordinator immediately of any events or circumstances likely to affect significantly or delay the performance of the contract, change in legal status or technical, organisational or ownership situation, circumstances affecting the award of the contract or compliance with the requirements of the contract, and if it is in any of the situations listed in article 16.2; submit to the coordinator in good time: - any other documents or information required by the Council under the contract, unless the contract requires the members of the Consortium to submit this information directly; - any information requested by the coordinator in order to verify the state of performance of the Deliverables under the contract, the proper implementation of the contract and compliance with the other obligations under the contract. give the other members of the Consortium access to any pre-existing industrial and intellectual property rights needed for the performance of the contract and compliance with the obligations under the Agreement.
17.4.3 The coordinator must: monitor that the Deliverables are carried out timely and properly, in accordance with the terms of the contract; act as the intermediary for all communications between the Consortium and the Council (in particular, providing the Council with the information described in Article 17.4.2(ii) immediately), unless agreed otherwise by the Parties; request and review any documents or information required by the Counci...
Consortium consortium formed by the Manager, Petrobras, and, when applicable, other companies, under articles 19 to 26 of Law No. 12,351/2010.
Consortium. The NYS Contract Prices and discounts (i.e., Base Item NYS Contract Price, Optional Equipment NYS Contract Prices, Additional Body Section NYS Contract Price, and Additional Options NYS Discount), for each applicable Item, shall be identical for each individual Contractor participating in a Consortium, and each Contractor shall provide the Item(s) under the Contract for the Consortium price. Each Contractor participating in a Consortium shall be responsible for orders of the applicable Item(s) placed under the Contract for the NYS Counties identified in the Contract. OGS reserves the right to cancel all Contracts resulting from a Consortium if one or more of the Contractors cannot fulfill the requirements of their individual Contract.
Consortium. 2.1 The Parties do hereby irrevocably constitute a consortium (the “Consortium”) for the purposes of jointly participating in the Bidding Process for the Project.
2.2 The Parties hereby undertake to participate in the Bidding Process only through this Consortium and not individually and/ or through any other consortium constituted for this Project, either directly or indirectly or through any of their Associates.
Consortium. The group of Consortium Members collaborating to accomplish the objectives of the Agreement, one of which must be a for-profit entity.
Consortium. The Erasmus Mundus Joint Master Degree Programme entitled “
Consortium. The group of universities, other educational institutions and research organizations (which may have multiple sites) and their associated libraries, that have authorized the Licensee to negotiate and execute this License Agreement on their behalf.