Document background
The Business Consortium Agreement is a crucial document for businesses seeking to form strategic alliances in the Philippines. It is particularly relevant when multiple entities wish to combine their resources, expertise, and capabilities for specific projects or business ventures while maintaining their separate legal identities. This agreement type is commonly used in infrastructure projects, technology partnerships, and major development initiatives where risk-sharing and resource pooling are essential. The document must comply with Philippine legislation, including the Corporation Code, Foreign Investments Act, and Philippine Competition Act. It typically includes detailed provisions for consortium formation, management structure, financial arrangements, and operational procedures. The agreement is especially important in contexts where foreign investment is involved, requiring careful consideration of Philippine foreign ownership restrictions and anti-dummy law compliance.
