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A consortium is a group made up of two or more individuals, companies, or governments that work together to achieving a common objective. Entities that participate in a consortium pool resources but are otherwise only responsible for the obligations that are set out in the consortium's agreement.
Each party shall keep such information confidential and cannot disclose any related information without the other party's prior written consent, but the following information shall not subject to such confidentiality: (a)information that is or will be generally known to the public (provided that such information does
The obligations of confidentiality and limitation of use described in this Article 9 shall survive the expiration and termination of the Agreement for a period of two (2) years (or such longer period as may be required by law).
Confidentiality agreements can run indefinitely, covering the parties' disclosures of confidential information at any time, or can terminate on a certain date or event. Whether or not the overall agreement has a definite term, the parties' nondisclosure obligations can be stated to survive for a set period.
A consortium agreement is a type of agreement where two or more business entities, individuals, or organizations combine their resources, capacities and knowledge to achieve a common goal or objective.
A consortium agreement is a written contract that enables students to pursue coursework at two institutions simultaneously. Under such an agreement, a student may receive financial aid based on total hours of enrollment at both institutions.
Each Consortium Agreement should attach a copy of the extract of the charter documents and documents such as resolution / Power of Attorney in favour of the person executing this Agreement for the delegation of power and authority to execute this Agreement on behalf of the Consortium Member.
Tips to build a winning consortiumStart on time with finding your partners. Getting the right people on board is a lengthy and challenging process.Envision your perfect team.Establish a core consortium with high excellence.Develop your innovative idea.Bring in the rest of the partners.
Two accrued obligations that are most commonly recognised by the courts as surviving termination are: The obligation to pay money due under a contract; and. The obligation to pay compensation/damages.
way confidentiality agreement (also known as a 'unilateral nondisclosure agreement') covers situations where only one party is disclosing confidential information, with the other party receiving it.