JOINT VENTURE OR CONSORTIUM. If the Supplier is a Joint Venture or consortium of two or more persons, all such firms shall be jointly and severally bound to the Purchaser for the fulfillment of the provisions of the Contract and shall designate one of such persons to act as a leader with authority to bind the Joint Venture or consortium. The composition or constitution of the Joint Venture or consortium shall not be altered without the prior consent of the Purchaser.
Appears in 8 contracts
Samples: Build, Operate and Transfer (Bot) Agreement (On Track Innovations LTD), Build, Operate and Transfer (Bot) Agreement (On Track Innovations LTD), Contract for the Acquisition and Implementation of an Enhanced Financial Analyzer System
