CONTRACT OF SERVICE

服务合同

This Contract of Service, made, entered into, and executed by and between the
following parties:

___________________________________________________________________________
__________________________________________________________________________ ,
hereinafter referred to as FIRST PARTY ;

- and –

___________________________________________________________________________
__________________________________________________________________________ ,
hereinafter referred to as SECOND PARTY ;

W I T N E S S E T H:

WHEREAS, the FIRST PARTY is in need of services of the SECOND PARTY, the
specifics of which are mentioned below;

WHEREAS, the SECOND PARTY has signified his intention to provide the services
needed by the FIRST PARTY;

WHEREAS, the SECOND PARTY shall perform work at a time and schedule to be
agreed upon by both parties;

NOW WHEREFORE, for and in consideration of the foregoing premises and the
covenants hereinafter stipulated, the parties hereby agree as follows:

TERMS AND CONDITIONS:

I. GENERAL TERMS:

The term of this Agreement will begin on ______________ and will remain in full force and
effect indefinitely until terminated as provided in this Agreement;

In the event that either Party wishes to terminate this Agreement, that Party will be required
to provide 30 days notice to the other Party;

Except as otherwise provided in this Agreement, the obligations of the FIRST PARTY will
end upon the termination of this Agreement;

II. PERFORMANCE

The Parties agree to do everything necessary to ensure that the terms of this Agreement takes
effect;

The SECOND PARTY also hereby agrees to provide the following services consisting of:
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a.
b.
c.

III. COMPENSATION

For the services rendered by the SECOND PARTY, the FIRST PARTY will provide
compensation in the total amount of _________________;

The payment shall be made according to the following schedule:

a.
b.
c.

IV. PLACE OF WORK

The primary place of work will be in Bohol, Philippines. The Second Party agrees that the
First Party may transfer him to any other location as may be required by the exigencies of the
business;

V. TIME AND DURATION

Time is of the essence in this Agreement. No extension or variation of this Agreement will
operate as a waiver of this provision;

The Second Party shall render a minimum of eight (8) hours of work per day and report for
work at least five (5) days per week. It is understood that Second Party is being engaged with
a level of confidence and degree of responsibility that may further require him to render work
beyond normal business hours for which the Second Party may be justly remunerated;

In case the demands of business or the First Party would require the Second Party to work
more than his regular work schedule, he may be required to render overtime work and shall
be entitled to overtime pay as provided by law;

VI. CONFIDENTIALITY

The SECOND PARTY agrees that they will not disclose, divulge, reveal, report or use, for
any purpose, any Confidential Information which the SECOND PARTY has obtained, except
as authorized by the FIRST PARTY. This obligation will survive indefinitely upon
termination of this Agreement;

All written and oral information and material disclosed or provided by the FIRST PARTY to
the SECOND PARTY under this Agreement is Confidential Information regardless of
whether it was provided before or after the date of this Agreement or how it was provided to
the SECOND PARTY;

Failure to comply with this confidentiality undertaking shall be construed and considered as
gross misconduct and shall be deemed a ground for the termination of this Contract;
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VII. RETURN OF PROPERTY

Upon the expiry or termination of this Contract, the SECOND PARTY will return to the
FIRST PARTY any property, documentation, records, or Confidential Information which is
the property of the FIRST PARTY;

VIII. DISPUTE RESOLUTION

In the event a dispute arises out of or in connection with this Agreement, the Parties will
attempt to resolve the dispute through friendly consultation;

If the dispute is not resolved within a reasonable period then any or all outstanding issues
may be submitted to mediation in accordance with any statutory rules of mediation. If
mediation is unavailable or is not successful in resolving the entire dispute, any outstanding
issues will be submitted to final and binding arbitration in accordance with the laws of the
Republic of the Philippines;

IX. MODIFICATION OF AGREEMENT

Any amendment or modification of this Agreement or additional obligation assumed by

either Party in connection with this Contract will only be binding if evidenced in writing
signed by each Party or an authorized representative of each Party;

X. ASSIGNMENT

The Second Party will not voluntarily or by operation of law assign or otherwise transfer its
obligations under this Contract without the prior written consent of the First Party;

XI. SEVERABILITY

In the event that any of the provisions of this Contract are held to be invalid or unenforceable
in whole or in part, all other provisions will nevertheless continue to be valid and enforceable
with the invalid or unenforceable parts severed from the remainder of this Contract;

XII. WAIVER

The waiver by either Party of a breach, default, delay or omission of any of the provisions of
this Contract by the other Party will not be construed as a waiver of any subsequent breach of
the same or other provisions;

IN WITNESS WHEREOF, the parties hereto have set their hand this
___________________, in the City of Tagbilaran, Bohol, Philippines.

XXXX XXXX
First Party Second Party

Signed in the presence of:

________________________________ ________________________________
Witness Witness
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REPUBLIC OF THE PHILIPPINES)

CITY OF TAGBILARAN ) S.S.

ACKNOWLEDGMENT

BEFORE ME, this ___________________, in the City of XXXX, XXXX, personally

appeared:

NAME ID NO DATE/PLACE OF ISSUANCE

NAME ID NO. DATE/PLACE OF

ISSUANCE
XXXX
XXXX

All known to me to be the same persons who executed the foregoing instrument, and they
acknowledged to me that the same are their free act and deed.

This instrument, consisting of ____ pages, including the page on which this
acknowledgment is written, has been signed on the left margin of each and every page thereof
by the parties hereto, and sealed with my notarial seal.

IN WITNESS WHEREOF, I have hereunto set my hand, the day, year, and place
above written.