Document background
The Project Consortium Agreement is a fundamental document used when multiple organizations wish to collaborate on a specific project while maintaining their independent legal status. This agreement, governed by Austrian law, is particularly crucial for research projects, technological innovations, or large-scale collaborative ventures where resources, risks, and rewards need to be carefully managed. It defines the consortium's structure, governance mechanisms, and operational framework while ensuring compliance with Austrian legal requirements and EU regulations. The document typically includes detailed provisions for intellectual property management, financial contributions, confidentiality obligations, and decision-making processes. It's especially relevant for projects involving Austrian entities or international collaborations choosing Austrian law as their governing law, and is commonly used in research funding contexts, particularly for EU-funded projects or national research initiatives.
