consortium agreements

A consortium agreement is a formal contract between multiple organizations that decide to collaborate on a specific project or initiative. It outlines each member's roles, responsibilities, resources, and contributions to ensure clear expectations and coordination. Such agreements are common in research, development, or large-scale ventures, helping prevent misunderstandings and ensuring everyone works towards a shared goal effectively. This legal document provides a framework for cooperation, sharing of benefits, and handling of any disputes that might arise during the partnership.