Document background
The Memorandum of Association of Software Development Company is a mandatory corporate document required under Philippine law when establishing a corporation in the technology sector. This document must be filed with the Securities and Exchange Commission (SEC) as part of the company registration process and serves as the company's constitutional document. It contains essential information about the company's identity, purpose, capital structure, and governance framework, ensuring compliance with the Revised Corporation Code of the Philippines and relevant technology sector regulations. The document is particularly crucial for software development companies as it needs to address specific considerations such as intellectual property rights, technology transfer provisions, and data privacy compliance while establishing the fundamental corporate structure. It forms the basis for all future corporate actions and is referenced throughout the company's lifetime for matters relating to corporate governance, shareholding changes, and regulatory compliance.
