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and
Witnesseth that:
COMPANY NAME commits to deliver the following goods (or perform the following
services) on <date> at <venue> pursuant to its formal quotation attached herewith
and made integral part hereof as Annex “A”:
*GRAND PhP
TOTAL
*Grand total is inclusive of all applicable taxes and related charges (i.e. delivery or installation
charges)
ORGANIZATION NAME shall pay the total amount due to COMPANY NAME on or
before <date of payment> (if in terms, please indicate dates and amount
accordingly) and COMPANY NAME shall immediately issue the corresponding
official receipt or sales invoice regarding this transaction under the name of DE LA
SALLE UNIVERSITY.
1. Grounds - Any time after the execution of this contract, this Agreement may be
terminated at the instance of ANY OR BOTH PARTIES hereto or by reason of
default described hereunder without prejudice to any other rights or remedies it is
entitled under this Agreement and applicable law.
2. Events of Default - Each of the following events shall constitute a valid ground for
default:
ENTIRE AGREEMENT
This agreement contains the complete understanding of both parties and may not be
amended, supplemented or varied except by an instrument in writing signed by both
parties. The validity and effectivity of this agreement shall be governed by the Laws
of the Republic of the Philippines.
In case of dispute, the parties will try to settle it amicably before resorting to other
legal remedies. Exclusive jurisdiction over and venue of suits arising from this
Agreement shall be with the proper courts of the City of Manila to the exclusion of
other courts or tribunals.
The Parties herein warrant that they have read and understood this Agreement and
bind themselves to its full and proper execution.
IN WITNESS WHEREOF, the parties set their hands in the place and date
abovementioned:
By: By:
AUTHORIZED REPRESENTATIVE
Position BR. MICHAEL J. BROUGHTON, FSC
Vice-President for Lasallian Mission
De La Salle University
AUTHORIZED REPRESENTATIVE
President, Organization/ Unit