Business Agreement Contract for Philippines

Business Agreement Contract Template for Philippines

A comprehensive legal document governed by Philippine law that establishes and formalizes a business relationship between two or more parties. This agreement outlines the terms and conditions of the business arrangement, including rights, obligations, financial terms, and operational requirements, while ensuring compliance with relevant Philippine legislation such as the Civil Code, Corporation Code, and other applicable business laws. The document incorporates necessary provisions for dispute resolution, confidentiality, and termination, adapted to the specific requirements of Philippine jurisdiction and business practices.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Business Agreement Contract

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Business Agreement Contract?

The Business Agreement Contract serves as a fundamental legal instrument in Philippine commercial transactions, essential for establishing clear and enforceable business relationships between parties. This document is particularly relevant in the Philippine business environment, where it must comply with specific requirements under the Civil Code of the Philippines, the Corporation Code, and other relevant business legislation. It is commonly used when parties need to formalize their business arrangements, whether for service provision, supply relationships, distribution agreements, or other commercial partnerships. The agreement typically includes comprehensive terms covering operational, financial, and legal aspects of the business relationship, while incorporating provisions specific to Philippine law and business practices. This type of contract is especially important given the growing complexity of business relationships in the Philippines and the need for clear documentation of rights, obligations, and risk allocation between parties.

What sections should be included in a Business Agreement Contract?

1. Parties: Identifies and provides complete details of the contracting parties, including their legal names, addresses, and business registration information

2. Background: Sets out the context and purpose of the agreement, including any relevant history or circumstances leading to the contract

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

4. Scope of Agreement: Clearly outlines the subject matter and extent of the business relationship or transaction

5. Rights and Obligations: Details the specific rights, responsibilities, and obligations of each party under the agreement

6. Term and Termination: Specifies the duration of the agreement and circumstances under which it can be terminated

7. Payment Terms: Outlines the financial arrangements, including pricing, payment schedule, and payment methods

8. Representations and Warranties: Contains statements of fact and promises made by the parties regarding their capacity and authority to enter into the agreement

9. Confidentiality: Establishes obligations regarding the protection and non-disclosure of confidential information

10. Governing Law: Specifies that Philippine law governs the agreement and outlines jurisdiction for dispute resolution

11. General Provisions: Contains standard legal provisions including severability, entire agreement, and amendment procedures

What sections are optional to include in a Business Agreement Contract?

1. Intellectual Property Rights: Include when the agreement involves the use, creation, or transfer of intellectual property

2. Data Protection: Add when personal data processing is involved, ensuring compliance with the Data Privacy Act

3. Force Majeure: Include to address unforeseeable circumstances that may prevent performance of obligations

4. Non-Competition: Add when parties need to restrict competitive activities during or after the agreement

5. Assignment and Subcontracting: Include when parties need flexibility to transfer rights or delegate obligations

6. Insurance Requirements: Add when specific insurance coverage is required for the business relationship

7. Audit Rights: Include when one party needs the right to audit the other's compliance or financial records

8. Service Levels: Add when the agreement involves ongoing services with specific performance standards

What schedules should be included in a Business Agreement Contract?

1. Schedule A - Services/Products Description: Detailed description of products or services covered by the agreement

2. Schedule B - Pricing and Payment Terms: Detailed breakdown of prices, fees, and payment structures

3. Schedule C - Service Level Agreement: Specific performance metrics and service standards

4. Schedule D - Key Personnel: List of key personnel responsible for contract implementation

5. Appendix 1 - Technical Specifications: Detailed technical requirements or specifications

6. Appendix 2 - Compliance Requirements: Specific regulatory or compliance requirements applicable to the agreement

7. Appendix 3 - Form of Notice: Template for formal notices required under the agreement

8. Appendix 4 - Data Processing Agreement: Detailed terms for handling personal data when 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

Jurisdiction

Philippines

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Retail

Technology

Professional Services

Financial Services

Healthcare

Construction

Agriculture

Logistics and Transportation

Real Estate

Education

Tourism and Hospitality

Energy

Telecommunications

Import/Export

E-commerce

Relevant Teams

Legal

Business Development

Operations

Procurement

Compliance

Finance

Commercial

Risk Management

Project Management

Contract Administration

Corporate Affairs

Strategic Planning

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Legal Counsel

Corporate Secretary

Operations Manager

Procurement Manager

Contract Administrator

Compliance Officer

Chief Financial Officer

Commercial Director

Risk Manager

Project Manager

Account Manager

Business Owner

General Manager

Industries
Civil Code of the Philippines (Republic Act No. 386): Primary law governing contracts, obligations, and business relationships in the Philippines. Particularly Book IV on Obligations and Contracts which sets out requirements for valid contracts, consent, object, and consideration.
Corporation Code of the Philippines (Batas Pambansa Blg. 68): Regulates the establishment, organization, and operation of private corporations in the Philippines. Important for verifying the legal capacity of corporate entities entering into agreements.
Electronic Commerce Act of 2000 (Republic Act No. 8792): Governs electronic transactions and provides legal recognition to electronic documents and signatures in business agreements.
Consumer Act of the Philippines (Republic Act No. 7394): Protects consumer rights and interests, particularly relevant if the business agreement involves consumer goods or services.
Data Privacy Act of 2012 (Republic Act No. 10173): Regulates the collection, handling, and protection of personal information in business transactions and agreements.
National Internal Revenue Code: Contains provisions on taxation and documentary requirements for business transactions and agreements.
Intellectual Property Code of the Philippines (Republic Act No. 8293): Protects intellectual property rights in business agreements involving patents, trademarks, copyrights, or trade secrets.
Anti-Trust Laws (Philippine Competition Act - Republic Act No. 10667): Ensures fair competition and prevents anti-competitive agreements between businesses.
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

Find the exact document you need

Non Binding Agreement

A Non-Binding Agreement template under Philippine law for structuring preliminary business discussions and proposed arrangements while maintaining no legal obligations.

find out more

Bilateral Contract (Real Estate)

A Philippine law-compliant bilateral contract for real estate transactions, facilitating legal property transfer between parties with necessary terms and conditions.

find out more

Business Agreement

Template for a Philippine-law compliant business agreement, structured to establish clear commercial relationships while meeting local legal requirements.

find out more

Option Contract (Real Estate)

A Philippine law-governed contract granting exclusive rights to purchase specific real estate property under preset terms and conditions within a defined timeframe.

find out more

Written Agreement For Payment

A legally binding payment agreement under Philippine law that establishes payment terms, schedules, and obligations between parties.

find out more

Land Lease Agreement Form

A Philippine law-compliant agreement establishing terms for leasing land between property owner and tenant, including rental terms, usage rights, and obligations.

find out more

Bilateral Contract

A bilateral contract template compliant with Philippine law, establishing reciprocal obligations between two parties.

find out more

Consignment Agreement Form

A Philippine law-governed agreement establishing terms for consignment sales arrangement between product owner and seller, including commission and inventory management terms.

find out more

General Tenancy Agreement

A Philippine law-compliant agreement establishing terms and conditions for property rental between landlord and tenant.

find out more

Standard Form Contract

A standardized contract template compliant with Philippine law, designed for regular business-to-consumer transactions with pre-set terms and conditions.

find out more

Contract Agreement Form

A comprehensive Contract Agreement Form template compliant with Philippine law, designed for establishing legally binding business relationships.

find out more

Money Agreement Between Two Parties

A comprehensive money lending agreement template compliant with Philippine law, structuring financial transactions between two parties.

find out more

Written Agreement

A formal Written Agreement compliant with Philippine law, establishing legally binding obligations between parties with clear terms and enforcement mechanisms.

find out more

Simple Contract

A straightforward legal agreement governed by Philippine law that establishes basic contractual relationships between parties, ensuring compliance with the Civil Code of the Philippines.

find out more

Side Agreement

A supplementary agreement under Philippine law that modifies or clarifies terms of an existing primary agreement while maintaining compliance with Philippine civil and commercial legislation.

find out more

Mutual Agreement Between Two Parties

A legally compliant template for Mutual Agreements between two parties under Philippine law, suitable for various business relationships.

find out more

Lease Agreement With Option To Purchase

A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing conditions for both temporary use and potential acquisition.

find out more

Incorporation Agreement

A foundational legal document under Philippine law that establishes a new corporation and defines its basic structure, governance, and operational framework.

find out more

Formal Agreement

A binding legal agreement drafted under Philippine law that establishes formal business relationships and obligations between parties.

find out more

Fixed Term Tenancy Agreement

A Philippine law-compliant agreement establishing fixed-term rental terms between landlord and tenant, governed by the Rent Control Act and Civil Code of the Philippines.

find out more

Contract For Selling A Car

A Philippine law-compliant contract for the sale and transfer of ownership of a motor vehicle, including essential terms and conditions for both parties.

find out more

Casual Worker Contract

A Philippine-compliant contract for casual employment arrangements, establishing terms and conditions for temporary or intermittent work relationships.

find out more

Business Transfer Agreement

A Philippine law-governed agreement facilitating the complete transfer of business ownership, assets, and operations between entities, ensuring regulatory compliance and smooth transition.

find out more

Boilerplate Agreement

A versatile Boilerplate Agreement template compliant with Philippine law, designed for various business relationships and transactions.

find out more

Tooling Agreement

A Philippine law-governed agreement establishing terms for industrial tool development, supply, and usage rights between manufacturing parties.

find out more

Service Agreement Terms And Conditions

Philippine-law governed terms and conditions document outlining service provision arrangements between provider and client.

find out more

Representation Agreement

A Philippine law-governed agreement establishing the terms and conditions between a principal and their appointed representative, defining scope, territory, and mutual obligations.

find out more

Provisional Agreement

A temporary contractual arrangement under Philippine law that establishes interim terms and conditions between parties while evaluating longer-term collaboration possibilities.

find out more

Preliminary Agreement

A pre-contractual document under Philippine law that establishes the framework for negotiations and initial terms between parties before finalizing a detailed agreement.

find out more

Notary Rent Agreement

A legally binding rental agreement authenticated by a notary public under Philippine law, establishing terms and conditions between lessor and lessee.

find out more

Non Compete Agreement Between Companies

A Philippine law-governed agreement establishing competitive restrictions between companies, defining scope, duration, and territorial limitations of non-compete obligations.

find out more

Lease With Option To Buy

A Philippine law-governed agreement combining property lease terms with a future purchase option, structured to comply with local real estate and contract laws.

find out more

Land Agreement Between Two Parties

A Philippine law-compliant agreement for the transfer of land ownership between two parties, incorporating all essential legal requirements and protections.

find out more

Contract Agreement Between Two Parties

A bilateral agreement under Philippine law establishing legally binding obligations between two parties, with comprehensive terms and conditions for business relationships.

find out more

Common Terms Agreement

A Philippine law-governed agreement establishing common terms for syndicated lending facilities, standardizing the relationship between multiple lenders and borrower(s).

find out more

Buyer Agency Agreement

A Philippine-law governed agreement establishing a professional relationship between a real estate agent and property buyer, outlining the agent's authority, duties, and compensation terms.

find out more

Statement Of Agreement

A formal document under Philippine law that records mutual understanding and commitments between parties, serving as a simplified yet legally binding agreement.

find out more

Contract For Service And Contract Of Service

A dual-purpose contract template for employment and independent contractor relationships compliant with Philippine law and regulations.

find out more

Preliminary Contract

A Philippine law-governed binding preliminary agreement that establishes the framework and obligations for parties negotiating toward a final contract.

find out more

Key Agreement For Employees

A Philippine-compliant agreement governing the issuance and management of keys/access devices to employees, establishing security protocols and holder responsibilities.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now