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Valerio Developments

Sample Service Agreement between Two Parties Philippines

When it comes to business dealings, it is always important to have a written agreement between parties involved. This is to ensure that both parties are aware of the terms and conditions of the partnership, as well as their responsibilities and obligations. In the Philippines, a sample service agreement can be used as a binding contract between two parties, particularly in service-oriented industries.

A service agreement is a legal document that outlines the terms and conditions of a service-based partnership. It sets out the scope of services to be provided, the time frame in which they will be provided, and the payment terms for the services rendered. The agreement is important because it helps to prevent misunderstandings and can be used as a reference point should any disputes arise.

Here is a sample service agreement that can be used between two parties in the Philippines.

Service Agreement

This Service Agreement (the “Agreement”) is made and entered into on [Date] by and between [Name of Service Provider], having its principal place of business at [Address], hereinafter referred to as the “Service Provider,” and [Name of Service Recipient], having its principal place of business at [Address], hereinafter referred to as the “Service Recipient.”

Services

The Service Provider shall provide the following services to the Service Recipient (the “Services”):

[Insert description of services]

Term

The term of this Agreement shall be for [Insert time period, e.g. six months], commencing on [Insert start date], and ending on [Insert end date]. Either party may terminate this Agreement upon [Insert number of days for notice, e.g. 30 days] written notice to the other party.

Payment

The Service Recipient shall pay the Service Provider [Insert payment terms, e.g. monthly, quarterly, etc.] for the Services rendered. Payment shall be made within [Insert payment window, e.g. 15 days] from the date of receipt of an invoice from the Service Provider.

Confidentiality

Both parties agree to keep confidential any proprietary or confidential information that may be disclosed during the term of this Agreement.

Indemnification

The Service Recipient shall indemnify and hold the Service Provider harmless from any and all claims, damages, and expenses arising out of the Service Recipient`s use of the Services.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the Philippines. Any dispute arising out of or in connection with this Agreement shall be resolved through arbitration in accordance with the rules and procedures of the Philippine Dispute Resolution Center, Inc.

Entire Agreement

This Agreement constitutes the entire agreement between the parties regarding the subject matter hereof and supersedes all prior negotiations, understandings, and agreements between the parties, whether written or oral.

Amendment

This Agreement may not be amended or modified except in writing signed by both parties.

In Witness Whereof, the parties have executed this Agreement as of the date first above written.

[Signature of Service Provider]

[Name of Service Provider]

[Signature of Service Recipient]

[Name of Service Recipient]

Conclusion

A service agreement is a crucial document for any partnership that involves service provision. It helps to define the responsibilities and obligations of both parties, ensuring that they are on the same page. The sample service agreement provided above can be used as a starting point for creating your own customized agreement. Remember to always seek legal advice when creating a service agreement to ensure that it is legally binding and enforceable.