The standard form is intended to be used when two or more companies agree to cooperate on a given project. The consortium offers the order with the customer and fulfills the contract with the customer if the offer is successful. The order usually concerns the supply and construction of a fairly large industrial facility. The consortium will be dissolved at the end of the project. Among the important points are the authority of the project manager and the responsibility of the members towards the client, between them and third. How often do consortium agreement forms have to be submitted? When preparing a contract, the conditions that you must establish in writing must comply with the legislation in force for your region, in accordance with upcounsel. You can`t make a legally binding agreement on something that`s illegal, and if another set of laws, like real estate law, made the treaty illegal, it won`t be binding. So make sure that the purpose of the contract is within the legal limits already in force with regard to the transaction you are subcontracting. Framework Agreement – A contractual agreement between an institution and Davenport University, under which the host institution formally agreed that Davenport was the home institution and paid financial assistance; This agreement already exists between Davenport and the other institution. The model is written for a so-called open consortium, that is, the consortium acts as such vis-à-vis the customer, but the model can also help negotiate a contract for a “silent” consortium. Your financial support is provided by Davenport. If you plan to participate in a consortium agreement, you should apply for financial assistance from Davenport. This is an agreement between two colleges/universities that allows a student enrolled simultaneously in two institutions to pay credits from both institutions on the student`s enrollment at the home institution.
Host schools will be informed of your participation in a consortium agreement so that they can send us your transcripts. In addition, at the end of each semester, Davenport will request that an official and final copy of your transcripts be sent to us. In case of delay in their arrival, you must request that transcripts be sent to Davenports Records Office. The receipt of your academic transcripts is necessary to ensure that the support granted to you under the consortium agreement is maintained. Individual Agreement – An individual agreement between an institution and Davenport University is established at the request of students. The other university signs the individual consortium agreement that authorizes Davenport to be the home institution for the payment of financial aid. If your Michigan-based institution is not listed in the Framework Agreement, please contact the Financial Aid Office for details on entering into an individual agreement for your school. . . .