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Consortium Agreement Form
"I need a Consortium Agreement Form for a joint infrastructure development project in Riyadh starting March 2025, involving three companies (two Saudi, one international), with specific attention to local content requirements and Shariah-compliant financing arrangements."
1. Parties: Identification and details of all consortium members
2. Background: Context of the consortium formation and its objectives
3. Definitions and Interpretation: Key terms used in the agreement and rules of interpretation
4. Formation of Consortium: Legal basis of the consortium and its structure
5. Scope of Work: Overall scope of the consortium's activities and project objectives
6. Roles and Responsibilities: Specific duties and obligations of each consortium member
7. Lead Member Provisions: Authority and responsibilities of the lead consortium member
8. Financial Arrangements: Cost sharing, revenue distribution, and financial management
9. Governance Structure: Decision-making processes and management framework
10. Representations and Warranties: Statements of fact and assurances by each party
11. Liability and Indemnification: Allocation of risks and responsibilities for losses
12. Term and Termination: Duration of the agreement and termination provisions
13. Confidentiality: Protection of confidential information and trade secrets
14. Dispute Resolution: Procedures for resolving disputes under Saudi law
15. Governing Law: Confirmation of Saudi law and Shariah principles as governing law
16. General Provisions: Standard legal provisions including notices, amendments, and assignment
1. Islamic Finance Compliance: Specific provisions ensuring compliance with Islamic finance principles, needed when financing involves Islamic banking
2. Local Content Requirements: Provisions addressing Saudi Aramco's In-Kingdom Total Value Add (IKTVA) program or similar requirements, needed for oil and gas sector projects
3. Intellectual Property Rights: Provisions governing IP ownership and licensing, needed when consortium involves technology development or transfer
4. Government Approvals: Specific provisions regarding government licenses and permits, needed for regulated sectors
5. Anti-corruption Compliance: Detailed anti-corruption provisions, needed when dealing with government contracts or high-risk sectors
6. Force Majeure: Provisions for unforeseen circumstances, recommended for long-term or high-value projects
7. Step-in Rights: Rights of members to step in if another member defaults, needed for critical infrastructure projects
8. Environmental Compliance: Environmental protection provisions, needed for construction or industrial projects
1. Schedule 1 - Project Scope: Detailed technical specifications and scope of work
2. Schedule 2 - Consortium Member Contributions: Detailed breakdown of each member's contributions (financial, technical, personnel)
3. Schedule 3 - Governance Procedures: Detailed procedures for meetings, voting, and decision-making
4. Schedule 4 - Financial Protocol: Detailed financial procedures, banking arrangements, and accounting principles
5. Schedule 5 - Performance Guarantees: Form of performance guarantees required from members
6. Schedule 6 - Insurance Requirements: Required insurance coverage and limits
7. Appendix A - Key Personnel: List of key personnel from each consortium member
8. Appendix B - Project Timeline: Detailed project schedule and milestones
9. Appendix C - Communication Protocol: Procedures for formal communications between members
Authors
Construction and Infrastructure
Oil and Gas
Energy and Utilities
Defense and Aerospace
Technology and Communications
Healthcare
Transportation
Manufacturing
Mining and Minerals
Renewable Energy
Legal
Commercial
Business Development
Finance
Operations
Risk and Compliance
Strategy
Technical
Project Management
Corporate Development
Chief Executive Officer
Managing Director
Legal Counsel
Contract Manager
Project Director
Business Development Manager
Chief Financial Officer
Commercial Director
Operations Director
Risk Manager
Compliance Officer
Technical Director
Partnership Manager
Strategy Director
General Counsel
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