consortium

Consortium in commercial context means an association , combination or partnership of businesses , financial institutions or investors engaged in a joint venture .

In the context of family law , consortium means the benefits a spouse is entitled to receive from their partner including companionship, cooperation, affection, aid, financial support, and sexual relations.

[Last reviewed in December of 2021 by the Wex Definitions Team ]

Keywords

• llcs-corporations-partnerships

Wex

• COMMERCE
• commercial activities
• LIFE EVENTS
• family & personal matters
• business law
• business organizations
• contracts
• corporations
• wex definitions
• business sectors
• commercial transactions
• family law