A consortium is a joint development and partnership agreement between several entities.
The consortium is one of the most complicated partnership agreements to put in place because it can include establishing a committee to manage co-developed elements, consideration of cross-licensing or the method of entry and exit for new consortium members.
A consortium is generally set up when two companies wish to develop their project jointly. This way, each one brings its know-know and protection titles to the project.
In addition, as soon as the consortium is formed, it is vital to determine who will own the rights that will be developed there, and how the partnership will function in case of disagreement on the operation of the developed object.
Hautier IP’s lawyers can help you with negotiating a partnership agreement, such as a consortium agreement, as well as drafting the contract.