Agreement Statement Template for Philippines

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Key Requirements PROMPT example:

Agreement Statement

"I need an Agreement Statement for a joint software development project between my tech company and a Philippine university, to be effective from March 1, 2025, covering IP rights sharing and student internship arrangements."

Document background
The Agreement Statement is a fundamental legal document used in the Philippines to formalize arrangements between parties across various contexts. This document type is particularly valuable when parties need to establish clear, written evidence of their mutual understanding and commitments. The Agreement Statement, governed by Philippine law and particularly the Civil Code of the Philippines, serves as a versatile tool for documenting consensus on matters ranging from simple business arrangements to complex multi-party agreements. It is designed to be adaptable while maintaining legal validity and enforceability, incorporating essential elements required by Philippine jurisdiction such as proper party identification, clear terms and conditions, and proper execution requirements. The document is commonly used when parties need a formal but straightforward way to document their agreement, especially in situations where a full contract might be unnecessarily complex.
Suggested Sections

1. Parties: Identifies and provides full legal details of all parties entering into the agreement

2. Background: Sets out the context and circumstances leading to the agreement

3. Definitions: Defines key terms used throughout the agreement to ensure consistent interpretation

4. Purpose: Clear statement of the agreement's primary objective and scope

5. Representations and Warranties: Statements of fact and promises made by the parties

6. Rights and Obligations: Details the specific duties and entitlements of each party

7. Term and Termination: Specifies the duration of the agreement and conditions for ending it

8. Governing Law: Explicitly states that Philippine law governs the agreement

9. Execution: Formal signing section with date and party signatures

Optional Sections

1. Confidentiality: Include when parties need to protect sensitive information exchanged during the agreement

2. Force Majeure: Add when parties want to address circumstances beyond their control that might affect performance

3. Dispute Resolution: Include when parties want to specify particular methods for resolving disagreements

4. Assignment: Add when parties need to address the transfer of rights or obligations

5. Intellectual Property: Include when the agreement involves IP rights or creation

6. Insurance and Indemnity: Add when specific risk allocation needs to be addressed

7. Notices: Include when formal communication procedures need to be established

Suggested Schedules

1. Schedule A - Specific Terms: Details of specific terms, conditions, or deliverables

2. Schedule B - Payment Terms: Detailed breakdown of financial arrangements if applicable

3. Schedule C - Service Levels: Performance metrics and standards if relevant

4. Appendix 1 - Contact Details: List of key contacts and their details for all parties

5. Appendix 2 - Required Documents: Copies of certificates, permits, or other required documentation

6. Appendix 3 - Technical Specifications: Detailed technical requirements or specifications if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Legal Services

Financial Services

Real Estate

Healthcare

Education

Technology

Manufacturing

Retail

Construction

Professional Services

Government Services

Non-Profit

Relevant Teams

Legal

Compliance

Corporate Secretariat

Business Development

Operations

Human Resources

Finance

Risk Management

Project Management

Administrative Services

Procurement

Relevant Roles

Legal Counsel

Corporate Secretary

Business Development Manager

Contract Administrator

Compliance Officer

Chief Executive Officer

Managing Director

Operations Manager

Project Manager

Human Resources Director

Finance Manager

Risk Manager

Department Head

Program Coordinator

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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