What Is In A Consortium Agreement

A consortium is an association of two or more people, companies, organizations or governments (or any combination of these entities) for the purpose of participating in a common activity or pooling their resources to achieve a common goal. In addition, a joint venture is often more relevant when it comes to obtaining funding and project support, as the joint venture is seen as the child of the promoters, while in a consortium, the individual team members retain their identity and, therefore, a consortium agreement is not a sufficiently robust document to obtain such funding. So what should be done to meet the needs of consortium members at an early stage, without having to spend resources and time before there is more clarity on funding? Consortia are often found in the non-profit sector, for example among educational institutions. Educational consortia often pool resources such as libraries, research activities and professors and share them with group members for the benefit of their students. Several groups of North American colleges and universities work as consortia. There are also consortia of for-profit 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. 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 take courses at another partner school at no additional cost.

Other academic consortia include the Quaker Consortium, Claremont Colleges, and the Big Ten Academic Alliance. 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. Your financial support is provided by the institution from which you receive your degree. The school where you will graduate is the “home” institution that must manage a consortium agreement with the other school, also known as a “guest” institution. You must enter into a consortium agreement to confirm that you have met the requirements to receive Title IV and financial support from the government to fund your host school courses. A consortium is a group of two or more people, companies or governments working together to achieve a common goal. Companies participating in a consortium pool their resources, but are otherwise only responsible for the commitments set out in the consortium agreement. .

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