¶¶Òõ¶ÌÊÓƵ

All Countries
Mergers & Acquisitions
Consortium Agreement Between Companies

Consortium Agreement Between Companies Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Consortium Agreement Between Companies

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Consortium Agreement Between Companies

"I need a Consortium Agreement Between Companies for three IT companies in Bangalore forming a consortium to bid on a government cybersecurity project, with specific emphasis on data protection compliance and profit sharing arrangements to be effective from March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Consortium Agreement Between Companies is a crucial legal instrument in the Indian business landscape, particularly utilized when multiple organizations need to combine their expertise, resources, and capabilities for large-scale projects or complex business ventures. This document becomes essential in scenarios where individual companies lack the complete capability or capacity to undertake major projects independently. Governed by Indian law, including the Indian Contract Act, 1872, and the Companies Act, 2013, the agreement defines the consortium's structure, member responsibilities, profit-sharing mechanisms, and risk allocation. It's particularly relevant in sectors such as infrastructure, technology, and large-scale industrial projects where pooling of resources and expertise is necessary. The agreement must comply with Indian competition laws while protecting the interests of all participating entities through clear governance mechanisms and dispute resolution procedures.
Suggested Sections

1. Parties: Identification and details of all consortium members, including registered addresses and company information

2. Background: Context of the consortium formation, including the project or purpose for which it is being formed

3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules for interpreting the agreement

4. Scope and Objectives: Detailed description of the consortium's purpose, goals, and scope of activities

5. Duration: Term of the consortium agreement, including commencement date and conditions for extension

6. Contributions and Resources: Details of what each member will contribute (financial, technical, human resources, etc.)

7. Roles and Responsibilities: Specific roles, duties, and responsibilities of each consortium member

8. Management Structure: Governance framework, decision-making processes, and management hierarchy

9. Financial Arrangements: Cost sharing, profit distribution, accounting procedures, and financial management

10. Intellectual Property Rights: Ownership and usage rights of pre-existing and newly created IP

11. Confidentiality: Protection and handling of confidential information shared within the consortium

12. Liability and Indemnification: Joint and several liability provisions, indemnification obligations

13. Default and Termination: Events of default, consequences, and termination procedures

14. Dispute Resolution: Mechanism for resolving disputes, including arbitration provisions

15. Governing Law: Applicable law and jurisdiction governing the agreement

16. General Provisions: Standard boilerplate clauses including notices, amendments, entire agreement, etc.

Optional Sections

1. Competition Compliance: Specific provisions ensuring compliance with competition laws, used when the consortium operates in sensitive markets

2. Insurance: Insurance requirements and obligations, included when specific insurance coverage is crucial

3. Force Majeure: Provisions for unforeseen circumstances, particularly relevant for long-term or high-risk projects

4. Step-in Rights: Rights of members to step in if another member defaults, used in complex project-based consortiums

5. Environmental Compliance: Environmental obligations and compliance requirements, necessary for projects with environmental impact

6. Technology Transfer: Provisions regarding technology sharing and transfer, used when technical collaboration is involved

7. Local Content Requirements: Provisions ensuring compliance with local content laws, relevant for government projects or regulated sectors

8. Bank Guarantees: Requirements for performance guarantees or financial security, used in high-value projects

9. Change in Control: Procedures for handling ownership changes in member companies, important for long-term consortiums

10. Anti-Corruption Compliance: Specific anti-corruption provisions, particularly important for international consortiums or government projects

Suggested Schedules

1. Schedule 1 - Member Contributions: Detailed breakdown of each member's contributions, including valuation methodology

2. Schedule 2 - Project Scope: Detailed technical specifications and scope of work

3. Schedule 3 - Management Procedures: Detailed procedures for management meetings, voting rights, and decision-making processes

4. Schedule 4 - Financial Procedures: Detailed accounting procedures, banking arrangements, and financial reporting requirements

5. Schedule 5 - Key Personnel: List of key personnel from each member assigned to the consortium

6. Schedule 6 - Technical Standards: Applicable technical standards and quality requirements

7. Schedule 7 - Insurance Requirements: Detailed insurance requirements including types, coverage amounts, and conditions

8. Schedule 8 - Forms of Notices: Standard forms for various notices required under the agreement

9. Appendix A - Power of Attorney: Format for Power of Attorney for authorized representatives

10. Appendix B - Bank Guarantee Formats: Standard formats for required bank guarantees

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions











































Clauses














































Relevant Industries

Infrastructure & Construction

Energy & Power

Information Technology

Telecommunications

Oil & Gas

Mining

Healthcare

Defense & Aerospace

Transportation & Logistics

Manufacturing

Real Estate Development

Renewable Energy

Engineering Services

Research & Development

Environmental Services

Relevant Teams

Legal

Finance

Corporate Strategy

Business Development

Operations

Risk Management

Compliance

Project Management

Commercial

Technical Operations

Corporate Affairs

Procurement

Corporate Governance

Partnership Management

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Chief Financial Officer

Project Director

Legal Counsel

Contract Manager

Business Development Director

Risk Manager

Corporate Strategy Director

Operations Director

Partnership Manager

Compliance Officer

Project Manager

Technical Director

Joint Venture Coordinator

Commercial Director

General Counsel

Finance Director

Managing Director

Company Secretary

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Jv Contract (Wholesale)

An Indian law-governed agreement establishing a joint venture for wholesale trading operations, defining partner relationships and operational framework.

find out more

Joint Venture Agreement In (Real Estate)

An Indian law-governed agreement establishing a joint venture for real estate development, ensuring RERA compliance and detailing operational and financial arrangements.

find out more

Letter Of Joint Venture

A preliminary agreement under Indian law outlining the key terms and intentions for forming a joint venture between two or more parties.

find out more

International Joint Venture Agreement

An Indian law-governed agreement establishing a joint venture between domestic and foreign partners, outlining formation, operation, and governance terms.

find out more

Joint Project Agreement

An Indian law-governed agreement establishing terms and framework for multi-party project collaboration.

find out more

Jv Agreement

An Indian law-governed agreement establishing a joint venture between parties, defining their rights, obligations, and operational framework under Indian corporate regulations.

find out more

Joint Venture Development Agreement

An Indian law-governed agreement establishing a joint venture structure between parties for collaborative development projects, defining rights, obligations, and project execution framework.

find out more

50 50 Joint Venture Agreement

An Indian law-governed agreement establishing a 50-50 joint venture between two parties, outlining equal ownership, management, and operational terms.

find out more

Builder Joint Venture Agreement

An Indian law-governed agreement establishing terms and conditions for joint venture construction projects between builders/developers and their partners.

find out more

Joint Venture Letter Of Intent

An Indian law-governed preliminary document outlining key terms and understanding between parties intending to form a joint venture, setting the framework for detailed negotiations and final agreements.

find out more

Consortium Agreement Between Companies

An Indian law-governed agreement establishing a formal collaboration between multiple companies, defining their rights, responsibilities, and operational framework for joint project execution.

find out more

Contractual Joint Venture Agreement

An Indian law-governed agreement establishing a contractual joint venture between parties, defining their collaboration terms and responsibilities without creating a separate legal entity.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.