An example of a for-profit consortium is a group of banks that work together to obtain a loan, also known as the Syndicate. This type of loan is more often referred to as syndicated loans. In England, it is customary for a consortium to buy out football clubs in financial difficulty in order to dissuade them from liquidating them. [Citation required] A consortium (plural: consortia) is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the aim of participating in a common activity or pooling their resources to achieve a common goal. For example, the Five College Consortium of Massachusetts includes the University of Massachusetts Amherst, Mount Holyoke College, Hampshire College, Smith College and Amherst College. Students attending one of these schools can attend classes at any other partner school at no additional cost. These educational consortia include partnerships between institutions that are close. Other consortia include The Quaker Consortium, The Claremont Colleges and Big Ten Academic Alliance. Neither a consortium nor a joint venture have a legal definition in UK law.
The second term is generally used to describe different types of agreements in which two or more parties cooperate in the execution of commercial activities. This is reflected in the common distribution of profits. B, cash participation, assets, knowledge or skills. Since there is no legislation that regulates the consortium or joint venture in detail, the relationship between the parties to this type of agreement – when they elect a joint venture in the form of a joint venture or a particular partnership – is governed by the common law or corporate law. A consortium contract governed by general contract law, similar to an ordinary social contract, does not create its own unit.  The Big Ten Academic Alliance in the Midwest and Middle Atlantic United States, the Claremont Colleges consortium in Southern California, the Five College Consortium in Massachusetts and the Consércio Nacional Honda are among the oldest and most successful university consortia in the world. [Citation required] The Big Ten Academic Alliance, formerly known as the Committee on Institutional Cooperation, brings together members of the Big Ten Sports Conference. Participants in the five colleges, Inc.
are: Amherst College, Hampshire College, Mount Holyoke College, Smith College and University of Massachusetts Amherst. Ohio`s five colleges are another success story: Oberlin College, Ohio Wesleyan University, Kenyon College, College of Wooster and Denison University. The Claremont consortium mentioned above (known as Claremont Colleges) consists of Pomona College, Claremont Graduate University, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College and Keck Graduate Institute. These consortia have pooled the resources of their member colleges and universities to share human and material wealth and link academic and administrative resources. In the United States, the video streaming service Hulu is a consortium of major media companies such as Comcast, Time Warner, the Walt Disney Company and 21st Century Fox.