Terminate Building Contract Template for Philippines

1. Dispute Resolution: Include when there are unresolved disputes or likely contentious issues

2. Intellectual Property Rights: Include when there are design rights or other IP issues to be addressed

3. Insurance and Bonds: Include when dealing with outstanding insurance claims or performance bonds

4. Subcontractor Provisions: Include when there are significant subcontractor relationships to be addressed

5. Defects Liability: Include when there are ongoing warranty obligations for completed works

6. Anti-Corruption Compliance: Include for government projects or when required by corporate policies

7. Force Majeure Events: Include when termination is related to force majeure circumstances

1. Schedule 1 - Project Details: Details of the original contract, amendments, and current status

2. Schedule 2 - Outstanding Works: Detailed list of incomplete works and their status

3. Schedule 3 - Financial Statement: Detailed breakdown of payments made, outstanding amounts, and final settlement calculations

4. Schedule 4 - Material and Equipment Inventory: List of materials and equipment on site and their disposition

5. Schedule 5 - Required Documents: List of documents to be handed over (permits, warranties, as-built drawings, etc.)

6. Schedule 6 - Defects List: List of known defects and remedial works required

7. Appendix A - Site Handover Protocol: Detailed procedure for site handover and inspection

8. Appendix B - Release Forms: Template forms for mutual release and discharge