Business Memorandum Of Agreement Template for Philippines

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

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

3. Insurance Requirements: Include when specific insurance coverage is required for the business relationship

4. Data Protection: Include when personal data processing is involved, to ensure compliance with the Data Privacy Act

5. Assignment: Include when parties need to address the ability to transfer rights or obligations to third parties

6. Non-Competition: Include when parties want to restrict competitive activities

7. Compliance with Laws: Include when specific regulatory compliance requirements need to be addressed

8. Audit Rights: Include when one party requires the right to audit the other's compliance or performance

1. Schedule A - Service Specifications: Detailed description of services or deliverables to be provided

2. Schedule B - Payment Terms: Detailed breakdown of payment structure, rates, and payment schedules

3. Schedule C - Key Personnel: List of key personnel responsible for managing the agreement

4. Schedule D - Performance Metrics: Specific performance indicators and standards

5. Appendix 1 - Required Documents: Copies of business permits, licenses, and other required documentation

6. Appendix 2 - Technical Requirements: Detailed technical specifications or requirements

7. Appendix 3 - Contact Details: Complete contact information for authorized representatives of each party