Document background
The Success Fee Agreement is commonly used in the Philippines when engaging professional services where payment is largely or entirely dependent on achieving specific results. This document is particularly relevant in business transactions, consulting arrangements, and advisory services where the service provider's compensation is tied to successful outcomes. The agreement must comply with Philippine law, particularly the Civil Code and relevant regulatory requirements, while clearly defining success criteria, calculation methods for fees, and payment terms. It provides protection for both parties by establishing clear metrics for success, payment obligations, and service provider responsibilities. The document is especially important in high-value transactions where significant compensation is contingent on specific achievements.
