Document background
A Teaming Agreement is a crucial document used when two or more organizations wish to collaborate on specific opportunities or projects in the Philippines. This type of agreement is particularly relevant when parties need to combine their expertise, resources, or capabilities to pursue business opportunities, especially in government contracting, large-scale projects, or specialized technical work. The document must comply with Philippine legal requirements, including the Civil Code, Corporation Code, and Competition Act. It typically includes provisions for project governance, confidentiality, intellectual property protection, risk allocation, and profit sharing. The agreement's structure reflects the civil law tradition of the Philippines while incorporating modern commercial practices. Teaming Agreements are especially common in sectors requiring specialized expertise or local market knowledge, and they often serve as a preliminary step before forming more permanent joint ventures or consortiums.
