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Consortium Agreement

Consortium Agreement Template for New Zealand

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Key Requirements PROMPT example:

Consortium Agreement

"I need a Consortium Agreement for a joint research project between three New Zealand universities and two private biotech companies, with specific focus on IP rights sharing and commercialization of research outcomes, to commence from March 2025."

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Document background
The Consortium Agreement is a vital legal instrument used when multiple organizations wish to collaborate on significant projects or initiatives while maintaining their separate legal identities. This document, governed by New Zealand law, is particularly relevant for research projects, large-scale infrastructure developments, technology innovations, or other collaborative ventures where resources, risks, and rewards need to be shared. The agreement addresses key aspects such as governance structure, financial contributions, intellectual property rights, confidentiality, and liability allocation. It ensures compliance with New Zealand regulatory requirements, including competition law and commercial regulations, while providing flexibility for specific industry needs. The document is essential for establishing clear operational frameworks, decision-making processes, and risk management strategies in complex multi-party collaborations.
Suggested Sections

1. Parties: Identification and details of all consortium members

2. Background: Context of the consortium formation and its general purpose

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Purpose and Scope: Detailed objectives and scope of the consortium's activities

5. Term and Commencement: Duration of the agreement and conditions for commencement

6. Governance Structure: Management structure, voting rights, and decision-making processes

7. Contributions and Resources: Members' contributions (financial, personnel, assets, etc.)

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

9. Confidentiality: Protection and handling of confidential information

10. Liability and Indemnification: Allocation of risks and responsibilities between members

11. Termination: Conditions and processes for termination of the agreement

12. General Provisions: Standard legal provisions including notices, amendments, governing law

Optional Sections

1. Competition Law Compliance: Specific provisions ensuring compliance with competition laws, required when consortium members are competitors

2. Research and Development: Specific provisions for R&D activities, needed when the consortium involves research projects

3. Data Protection: Detailed data handling procedures, required when significant personal or sensitive data is involved

4. Export Control: Compliance with export regulations, needed for international consortiums or restricted technologies

5. Insurance: Insurance requirements and obligations, important for high-risk activities

6. Public Relations: Guidelines for external communications, needed when public visibility is important

7. Dispute Resolution: Detailed dispute resolution procedures, recommended for complex projects or international consortiums

Suggested Schedules

1. Member Details: Detailed information about each consortium member including contact persons

2. Project Plan: Detailed description of consortium activities, timelines, and milestones

3. Financial Contributions: Breakdown of financial commitments and payment schedules

4. Resource Allocation: Detailed listing of non-financial resources contributed by each member

5. Governance Procedures: Detailed procedures for meetings, voting, and decision-making

6. Background IP: List of pre-existing intellectual property brought to the consortium

7. Technical Specifications: Technical requirements and standards for consortium activities

8. Change Control Procedure: Process for managing changes to consortium scope or activities

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













































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Relevant Industries

Research & Development

Technology

Construction

Infrastructure

Energy

Healthcare

Education

Manufacturing

Agriculture

Biotechnology

Environmental Services

Transportation

Mining

Information Technology

Telecommunications

Relevant Teams

Legal

Executive Leadership

Project Management

Research & Development

Finance

Operations

Business Development

Risk & Compliance

Strategic Planning

Commercial

Innovation

Relevant Roles

Chief Executive Officer

Legal Counsel

Contract Manager

Project Director

Research Director

Business Development Manager

Chief Financial Officer

Operations Manager

Partnership Manager

Risk Manager

Compliance Officer

Innovation Manager

Strategic Planning Director

Commercial Manager

General Manager

Industries








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