Continued regulation of IP-related issues is not mandatory, but is highly recommended for consortium partners. The following IP-related issues can be taken into account in the consortium agreement: While consortia tend to share resources, they act independently when it comes to day-to-day operations. In the case of a joint venture, two or more parties generally share ownership of a business, as well as risks, profits, losses and governance. The objective of a consortium agreement is to ensure the appropriate amount of aid. Consortia agreements are only processed if they are necessary to help you get your financial assistance. Your financial assistance is provided by the institution that gives you your diploma. The school where you are going to graduate is the “homeland” institution which must deal with a consortium agreement with the other school, also known as the “host” institution. We are a leading ship manager in the region, which has deployed around 3rd sailboats of 3rd oil and gas festivals and offshore oil and gas facilities and support to ships around the world. – Whenever in Indonesia, we are offered a new opportunity to participate in a business opportunity, we are invited by private entities (oil companies) or local government agencies to enter into a consortium agreement with other shareholders. – There are usually 3 shareholders – shipowners with majority shares – its partner with minority shares of assets and we who do not have a share or share in the income or shares generated from the assets. – We offer our services, for which a fixed amount of money is paid. – When we sign a consortium contract, we are subject to a capped liability and sometimes limited liability.
– Because of this capped or uncapped liability and a “joint and several liability clause” clause, we are hesitant/unable to sign a consortium and we must allow these opportunities to be forgiven. – We are very interested in signing a consortium, but we want to identify and put in place known and unknown risk protection measures. Is there a product (insurance or something else) that can protect us from liability and other risks. – Is insurance coverage possible for a number of responsibilities or on a case-by-case basis, or can we guarantee flat-rate insurance coverage? – I am very keen to identify and get all the details to continue questioning the consortium. For example, the Five College Consortium of Massachusetts includes the University of Massachusetts Amherst, Mount Holyoke College, Hampshire College, Smith College and Amherst College.