Financial Responsibility Agreement Template for Philippines

1. Guarantor Provisions: Include when a third party is guaranteeing the financial obligations

2. Insurance Requirements: Include when specific insurance coverage is required to secure the financial obligations

3. Credit Reporting: Include when agreement involves reporting to credit agencies or credit information sharing

4. Electronic Payments: Include when specific electronic payment systems or platforms will be used

5. Force Majeure: Include when parties want to address circumstances that may prevent fulfillment of financial obligations

6. Confidentiality: Include when sensitive financial information will be shared between parties

7. Assignment: Include when transfer of rights or obligations needs to be restricted or permitted

1. Schedule A - Payment Schedule: Detailed breakdown of payment amounts, dates, and frequencies

2. Schedule B - Collateral Description: Detailed description of any assets or securities provided as collateral

3. Schedule C - Financial Disclosure: Required financial information and statements from the responsible party

4. Appendix 1 - Calculation Methods: Detailed explanation of how various financial calculations are performed

5. Appendix 2 - Required Documentation: List of required financial documents and their submission schedule

6. Appendix 3 - Compliance Certificates: Templates for periodic compliance certifications