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A consortium agreement is a legal contract between multiple parties or organizations that come together to collaborate on a specific project or venture. This agreement outlines the terms and conditions of the consortium, including the roles and responsibilities of each member, resource contributions, decision-making processes, profit or cost-sharing arrangements, and other relevant provisions. It serves as a framework for effective collaboration and coordination among the consortium members.
A Consortium Agreement is crucial for your business when collaborating with others. It legally outlines terms, roles, and responsibilities in the partnership, ensuring clarity and regulating the collaborative efforts.
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