Consultancy Contract With Comments
Consultancy Contract With Comments
Consultancy Contract With Comments
This work Contract is made and entered into by and between the parties
stipulated and collectively referred to as “THE PARTIES” herein:
-and-
WITNESSETH:
WHEREAS, the FIRST PARTY is in need of the services related to the review of
the Manual on Physical Accounting and Valuation of Ecosystem
Services;
WHEREAS, the SECOND PARTY has the requisite expertise and experience to
provide the services described herein;
WHEREAS, the SECOND PARTY has signified his intention, to which the FIRST
PARTY has accepted, to provide the services needed by the latter;
WHEREAS, the provisions set forth under this Contract are pursuant to the
approved Terms of Reference for the review of the above cited manual;
WHEREAS, the FIRST PARTY has sufficient funds to cover the said services.
Section 2. Compensation
The First Party and Second Party agreed to the total contract cost of
Fifty thousand pesos (Php50,000.00), which includes all fees associated
with the review and finalization process, including any necessary travel
expenses and materials (should there be any).
For services rendered under this Contract, the SECOND PARTY shall
receive a nominal compensation of Fifty thousand pesos (Php50,000.00),
within seven (7) days upon submission and acceptance of the final report
and presentation of findings, subject to usual accounting and auditing
rules and regulations.
Section 4. Confidentiality
Section 5. Termination
Either party may terminate this Contract for any reason upon
providing written notice to the other party at least fifteen days in
advance. In the event of termination, the Second Party shall be
compensated for all Services performed up to the date of termination.
Section 6. Amendment
a. Neither of the PARTIES will be liable or deemed to be in default for any delays
or failure in performance resulting directly or indirectly from any cause or
circumstance beyond its reasonable control, including but not limited to acts of
God, war, riot, embargoes, acts of civil or military authority, rain, fire, flood,
accidents, earthquake(s), strikes or labor shortages, transportation facilities
shortages or failures of equipment, or failures of the Internet;
b. Neither of the PARTIES may assign any rights arising from this Agreement to
any third party without written consent or notice thereof;
Failure of any of the Parties to comply with its obligation in good faith shall entitle the
aggrieved party for the payment of damages.
IN WITNESS HEREOF, the parties hereunto affix their signature on this day
of ________________in _____________Philippines.
_____________________