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WITNESSETH:
1. The SECOND PARTY shall perform services under this contract for a
period of six (6) months commencing on
__________________________. This period is renewable based on
the performance of the SECOND PARTY as determined by the
FIRST PARTY;
3. The FIRST PARTY may terminate or suspend this Contract for just or
valid cause, as may be determined by the FIRST PARTY, subject to
the existing laws, rules and regulations. Upon receipt of the notice to
explain, the SECOND PARTY shall be given a chance to show cause
in writing why he/she should not be terminated or suspended and
thereafter shall be given a chance to present evidence of his claims.
Upon deliberation by the FIRST PARTY and the just or valid cause
for termination or suspension is found to be meritorious, the
SECOND PARTY shall serve a final notice of termination or
suspension, which decision shall be final. In which event, the
SECOND PARTY must immediately cease further work and will be
compensated only for work undertaken until the issuance of the
notice of termination if such is the case;
10. The SECOND PARTY shall immediately turn over to the company,
after completion or termination of this contract, all materials,
equipment, supplies, processes, data and other information related
thereto, without need of demand;
11. The SECOND PARTY shall be accountable for any equipment,
materials and supplies issued by the FIRST PARTY. He/She shall be
liable for the cost of repair or replacement of any issued equipment
caused by breach of contract, negligence or dishonesty;
12. Any breach or violation of this Contract shall make the SECOND
PARTY liable for liquidated damages in the amount of Ten Thousand
Pesos (PHP 10,000.00) without prejudice to the right of the FIRST
PARTY, applying the relevant laws, rules and company policies, to
pursue further civil or criminal actions against the SECOND PARTY;
13. The SECOND PARTY shall disclose all relations within the fourth civil
degree of consanguinity or affinity to any SECOND PARTY of rival
companies of the FIRST PARTY. To eliminate conflict of interest, the
SECOND PARTY may be re-assigned to a different position;
14. Upon the expiration of this Contract for whatever reason, the
SECOND PARTY understands that he/she may not directly or
indirectly engage in any business or accept employment in another
company, office or business that competes with the FIRST PARTY
within the same city as the FIRST PARTY for a period of one (1)
year;
16. The SECOND PARTY further explicitly agrees that neither he/she,
his/her dependents, representatives, heirs or assigns shall bring any
legal claim or action against the FIRST PARTY or any member of its
permanent or contract staff as a result of any illness, injury, or other
physical or mental trauma sustained in the course of providing
services under this Contract;
_________________________ _________________________
EEEEEEEEEEEEEEEEEEEE NAME
President Position
FIRST PARTY SECOND PARTY
ACKNOWLEDGMENT
WITNESS MY HAND AND SEAL at the place and on the date first-above
written.