What Is The Purpose Of A Consortium Agreement


[6] Unlike a joint venture, consortia act independently in their day-to-day operations. Sometimes a student wants to enroll in the EOU and another quarterly college at the same time, and the student wants to combine the hours at both institutions for financial support purposes. In these circumstances, it is possible to receive financial support as long as certain conditions are met: In Germany, the prevailing opinion is that the consortium is a kind of national civil partnership (§ 705-740 BGB). In external relations, the members of the consortium may decide on joint and several liability under § 421 BGB, while internally there is a partial exemption from this liability. Joint ventures often include credit consortia, securities issuances, including mainly issuing consortia, construction consortia, also known as investment consortia, and earnings pools. A consortium is an association of two or more individuals, 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. .