Legal Question in Business Law in Maryland

Re: Principles of consortium

Corporations, entities under contract, and individuals bound for performance may engage in consortia agreements to pursue a common object of performance. Whether a consortia agreement is permitted is often based on the terms and conditions of the contract or the articles or limiting language of incorporation.

Certain business enterprise routinely engage in consortia, for example medical research. Consortia takes many forms including those that fully descriptive as to obligations, risks and rights to those that are informal. In many cases there are arbitration guidelines for resolving disputes. Consortia agreements can be enforceable under contract or in equity.

Numerous treatises, secondary legal opinion, and a variety of other sources dictate over the matter in general. If you want further information you need to specify the specific application of consortia that applies.

G. Joseph Holthaus III

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(410) 799-9002

(410) 619-5918

Re: Principles of consortium

The legal definition of the term "consortium" is the right of a married person to the services, affection and "society" of his/her spouse. How that applies to a corporation or contracts, I have no idea. It sounds like you are confusing this term with another.