If the purchase is made through the formal procedures of the 1993 Act, the members of the company should be represented and guarantee that they are qualified tenants. (For more information on this topic, see our brochure Collective Enfranchisement – Getting Started). The importance of both is that a breach of this time limit results in an action for damages against the participating tenant concerned. A likely basis for assessing the damage could be the under-coverage of the purchase price to be covered by the remaining tenants due to the non-qualification of the offending tenant. A cover clause should prevent such an issue from ever having to be considered. An agreement is a contract between the members of the company to settle the purchase of the property. At first glance, it may seem a bit drastic to have to bind everyone to the procedures, but in most cases it is a reasonable approach. If you provide links to the signing of the participation agreement, it is best to direct people to the website of the Office of the Vice Prophet of Research. For more information on the Harvard University Participation Agreement, please see the Intellectual Property Directive. In this section, there is a direct link to the participation agreement (gmas.harvard.edu/gmas/participationagreement) in which people who have an HUID but do not have security to access GMAS can sign. The legislation does not contain guidelines on how participants should act together. . .