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. The Institute for Food Safety and Health is a consortium of the Illinois Institute of Technology, the Food and Drug Administration`s Center for Food Safety and Applied Nutrition, and members of the food industry. The Institute`s work includes “the evaluation and validation of new and innovative technologies for food safety and conservation, treatment and packaging systems, microbiological and chemical methods, health-promoting food ingredients and risk management strategies.”  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.