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- No legal personality or legal capacityA consortium is a structure where multiple entities work towards a common goal, usually by pooling their resources1. The consortium has no legal personality or legal capacity2. The contract is concluded between two or more natural or legal persons who undertake to carry out certain works in order to implement a joint project which consortium members would not be able to carry out themselves2. These consortia operate through fixed-term contracts and employ governance frameworks consisting of management committees, advisory boards, and data access committees to co-ordinate the activities of partner institutions and align them with funding agency priorities3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A consortium is a structure where multiple entities work towards a common goal, usually by pooling their resources. The term often arises in a private equity context where a consortium of financial institutions is used to fund large-scale projects and acquisitions.legalvision.co.uk/corporations/what-is-a-consortium/The consortium has no legal personality or legal capacity. The contract is concluded between two or more natural or legal persons who undertake to carry out certain works in order to implement a joint project which consortium members would not be able to carry out themselves.en.wikipedia.org/wiki/ConsortiumTypically, these consortia operate through fixed-term contracts, and employ governance frameworks consisting of reasonably standard, modular components such as management committees, advisory boards, and data access committees, to co-ordinate the activities of partner institutions and align them with funding agency priorities.lsspjournal.biomedcentral.com/articles/10.1186/s40…
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