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Consortium Agreement Between Companies
"I need a Consortium Agreement Between Companies for three Indonesian construction companies and one Singapore-based technology company to collaborate on a smart city development project in Jakarta, with project commencement planned for March 2025, including specific provisions for technology licensing and local content requirements."
1. Parties: Identification of all consortium members, including their legal names, registration numbers, and addresses
2. Background: Context of the consortium formation, including the business purpose and objectives
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Scope and Purpose: Detailed description of the consortium's scope of activities and specific objectives
5. Duration and Term: Period of the consortium agreement, including commencement date and termination provisions
6. Contributions and Resources: Details of each member's contributions, whether financial, technical, or other resources
7. Management and Governance: Structure for decision-making, including steering committee formation and voting rights
8. Rights and Obligations: Specific rights and obligations of each consortium member
9. Financial Arrangements: Financial terms, including cost sharing, revenue distribution, and accounting procedures
10. Intellectual Property Rights: Ownership and usage rights of IP brought into or created during the consortium
11. Confidentiality: Protection and handling of confidential information
12. Liability and Indemnification: Allocation of risks and responsibilities among members
13. Termination: Grounds for termination and its consequences
14. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law
15. General Provisions: Standard clauses including notices, amendments, and severability
1. Competition Compliance: Specific provisions ensuring compliance with competition laws, necessary when consortium activities might raise antitrust concerns
2. Export Control: Regulations for international trade activities, required when consortium involves cross-border operations
3. Environmental Compliance: Environmental obligations and standards, necessary for projects with environmental impact
4. Local Content Requirements: Provisions addressing Indonesian local content requirements, necessary for certain regulated sectors
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term or high-risk projects
6. Insurance: Insurance requirements and obligations, important for high-risk activities
7. Anti-Corruption Compliance: Specific anti-corruption provisions, necessary when dealing with government contracts or regulated sectors
8. Change of Control: Procedures for handling ownership changes in consortium members, important for long-term arrangements
1. Schedule 1 - Member Contributions: Detailed breakdown of each member's contributions, including valuations
2. Schedule 2 - Project Scope: Detailed technical specifications and scope of work
3. Schedule 3 - Governance Procedures: Detailed procedures for management committee meetings and decision-making
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 - Implementation Timeline: Project milestones and implementation schedule
8. Appendix A - Forms and Notices: Standard forms for notices, requests, and other formal communications
9. Appendix B - Insurance Requirements: Detailed insurance requirements and minimum coverage levels
10. Appendix C - Compliance Procedures: Detailed procedures for ensuring regulatory compliance
Authors
Infrastructure Development
Energy and Resources
Oil and Gas
Construction
Technology and Telecommunications
Manufacturing
Transportation and Logistics
Mining
Real Estate Development
Renewable Energy
Healthcare
Maritime and Shipping
Legal
Finance
Corporate Development
Business Development
Operations
Risk Management
Compliance
Commercial
Strategy
Project Management
Procurement
Corporate Affairs
Chief Executive Officer
Chief Legal Officer
Chief Financial Officer
Project Director
Corporate Counsel
Business Development Director
Operations Director
Commercial Director
Risk Management Officer
Compliance Officer
Contract Manager
Partnership Manager
Strategic Alliance Director
Joint Venture Manager
Investment Director
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