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PROJECT AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Agreement made and executed by and between:

M.M.M IRON WORKS, a single proprietorship duly organized and existing


under the laws of the Philippines, with office address at the
, represented in this act
by its owner/proprietor MR. MANALO M. MISMANOS hereinafter referred to
as FIRST PARTY

-and-

, of legal age, single, Filipino Citizen, and a


resident of , hereinafter referred to as the
SECOND PARTY

Project Brief:

General Scope of Services

The FIRST PARTY proposes to provide the following services to complete the
project:
a.
b.
c.
d.
e.

Professional Fee and Manner of Payment

1. Professional Fee

The FIRST PARTY proposes to provide the above services in consideration of a


lump sum fee in the amount of Pesos: (PHP
.00) exclusive of 12% VAT and reimbursable expenses.

Terms of Payment:

Above fee shall be paid in accordance with the following


payment schedule:
Payment Schedule Percentage Amount to be Paid
(PHP)
Down Payment 50%
upon the Execution
of this Agreement

Upon the Delivery 50%


and instalment of
the Project

TOTAL PHP

Terms and Conditions:

A. Clarifications:

The FIRST PARTY wishes to emphasize the assumptions, issues and or exclusions
regarding its fee proposal as follows:

Our scope of work does not include

B. OBLIGATIONS OF THE FIRST PARTY


1.
2.
3.
4.

C. OBLIGATIONS OF THE SECOND PARTY


1.
2.
3.

4.
5. In the event of any force majeure, including but not limited to fire, storm,
earthquake, volcanic eruption, and other acts of God, acts of public
enemy, war, rebellion, insurrection, orders, or directives of a government
or political subdivision, agency or instrumentality thereof, or the order of
any court or regulatory or arbitral body of competent jurisdiction, which
makes it impossible or extremely difficult for the FIRST PARTY to continue
the project, the SECOND PARTY shall have the option whether or not to
suspend or continue the Project.

Miscellaneous Provisions

A. Implementing Rules and Regulations. It is understood that this Agreement


shall automatically conform with all the provisions of relevant laws applicable to
the project, including implementing rules and regulations.

B. Notices and Communications. All notices and communications shall be in


writing delivered either in person or registered mail, and addressed to the parties
in the address specified above unless change of address is given in writing.

C. Binding Effect. This Agreement shall be valid and binding upon the
heirs, successors, executors, administrators and assigns of all contracting parties
hereto.

D. Assignment. Neither the FIRST PARTY nor the SECOND PARTY shall
assign, sublet or transfer any interest in this Project without the written consent of
the other.

E. Termination of the Agreement. This Agreement may be terminated by


either party, should the other fail to perform or observe any of his obligations
under this Agreement, and the non-performing party not remedy his failure in
thirty (30) days after written notification of either party. If the Agreement is
terminated through no fault of the FIRST PARTY, the FIRST PARTY shall be
compensated by the SECOND PARTY for all the services performed subsequent
to the date of the written notification of termination.

IN WITNESS WHEREOF, the parties hereto have signed or caused this


instrument to be signed on , 20 at .

FIRST PARTY

M.M.M. IRON WORKS

By:

MR. MANALO M. MISMANOS


Owner/ ProprietoR
SECOND PARTY

SIGNED IN THE PRESENCE OF:

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


) S. S.

BEFORE ME, a Notary Public for and in this day


of ,20 personally appeared:

NAME VALID ID. DATE/PLACE OF ISSUE

M.M.M IRON WORKS


By: Mr. Manalo M. Mismanos

known to me to be the same persons who executed the foregoing instrument


and they acknowledged to me that the same is their own and free and
voluntary act and deed and that of the corporation represented herein.

This instrument refers to a Project Agreement consisting of pages,


including this page wherein the acknowledgment is written, and signed by the
parties and their instrumental witnesses on each and every page thereon.

WITNESS MY HAND AND SEAL on the date and at the place first above
written.

Doc. No. :
Page No. :
Book No.:
Series of 2017