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Simple English definitions for legal terms
consortium
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A quick definition of consortium:
A consortium is when a group of businesses, banks, or investors work together on a project. It's like a team. In family law, consortium means the good things a husband or wife gets from their partner, like love, help, money, and being together.
A more thorough explanation:
In a commercial context, consortium refers to a group of businesses, financial institutions, or investors who come together to form a partnership or joint venture.
For example, a group of banks may form a consortium to provide funding for a large infrastructure project, such as a new highway or airport.
In family law, consortium refers to the benefits that a spouse is entitled to receive from their partner. These benefits include companionship, cooperation, affection, financial support, and sexual relations.
For example, if a spouse is injured in an accident and is no longer able to provide companionship or sexual relations, the other spouse may be entitled to compensation for the loss of these benefits.
Overall, consortium refers to a partnership or joint venture in a commercial context, and the benefits that a spouse is entitled to receive from their partner in family law.
Consolidated Omnibus Budget Reconciliation Act (COBRA) | conspiracy