Consortium Agreements: Structuring Considerations In Nigeria

Consortium Agreements remain one of the crucial ways to win and execute public private partnerships and high-stakes public and private contracts. By enabling collaboration between organisations with complementary skills and resources, consortium agreements provide the foundation for winning and executing ambitious projects. However, the way these agreements are structured plays a pivotal role in ensuring their success. In this article, we explore key consortium structures commonly used in Nigeria, the unique considerations for each, and how businesses can position themselves for growth through effective agreements.

Consortium Agreement Structures in Nigeria

Consortium agreements are usually structured as either incorporated joint ventures or as unincorporated joint ventures. Incorporated joint ventures can offer the advantage of limited liability for consortium members. However, without tailored legal advice, unincorporated joint ventures may expose partners