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Consortium Agreement Form
"Need a Consortium Agreement Form under Singapore law for a joint infrastructure development project between three construction companies and two technology firms, with specific provisions for intellectual property sharing and a planned project start date of March 2025."
1. Parties: Identification of all consortium members and their legal details
2. Background: Context of the consortium formation and its objectives
3. Definitions: Key terms used throughout the agreement
4. Consortium Structure: Legal framework, governance model, and decision-making processes
5. Roles and Responsibilities: Specific duties and obligations of each consortium member
6. Financial Arrangements: Cost sharing, revenue distribution, and financial management
7. Term and Termination: Duration of agreement and conditions for termination
8. Confidentiality: Protection of sensitive information and trade secrets
9. Governing Law: Specification of Singapore law as governing jurisdiction
1. Insurance Requirements: Specific insurance obligations for consortium members applicable to high-risk or regulated projects
2. Force Majeure: Provisions for handling unforeseen circumstances and their impact on consortium obligations
3. Step-in Rights: Provisions allowing consortium members to take over defaulting member's obligations in critical projects
4. Change Control: Procedures for managing changes to project scope or agreement terms in complex projects
1. Member Details Schedule: Detailed information about each consortium member including contact details and authorized representatives
2. Project Scope Schedule: Detailed description of project objectives, deliverables, and timeline
3. Financial Schedule: Detailed breakdown of financial arrangements, contributions, and payment terms
4. Governance Structure Schedule: Detailed procedures for management, voting rights, and decision-making processes
5. Technical Requirements Schedule: Specific technical standards, specifications, and requirements for the project
6. KPI Schedule: Performance indicators, measurement criteria, and reporting requirements
7. Form of Accession Deed: Template document for new members to join the consortium
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