Description
Companies of all sizes wanting to cooperate on major construction projects, whether international or domestic, require solid and balanced terms and conditions for such cooperation. It is vital that the arrangements put in place be durable, clear and equitable thereby enhancing business in general.
The ICC Model Contract Consortium Agreement created by the International Chamber of Commerce (ICC) addresses these needs by providing a unique, balanced platform that is fair to all parties and enables participation and governance as a consortium. The model accommodates the desire of all parties for a solid unanimous decision-making process, a clear allocation of participation and provision of resources, while considering the need for swift and effective dispute resolution and for complete and informed allocation of risks.
Each ICC Model Contract includes a fully editable version in Microsoft Word, permitting you to easily adapt the contract to your specific case.
