input stringlengths 1.8k 4.28k | output.contract_type stringclasses 5 values | output.summary stringlengths 1.17k 1.45k | output.enforceability stringclasses 6 values | output.acceptable stringlengths 2 101 | output.high_risk stringlengths 2 116 |
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SECURITY SERVICES CONTRACT
This Security Services Contract is entered into on 2022-08-10 in Baguio City, Philippines.
BETWEEN:
National Realty Corp, with principal office/residence at Baguio City (hereinafter referred to as the FIRST PARTY)
-AND-
Royal Group, with principal office/residence at Baguio City (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in professional services;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide technical support;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide professional services as detailed in Annex A.
2. TERM: This agreement shall be effective for 12 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 41,740,898.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONDITION: This agreement becomes effective upon submission of required permits and licenses.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Baguio City.
IN WITNESS WHEREOF, the parties have executed this agreement on 2022-08-10.
National Realty Corp Royal Group
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
BAGUIO CITY) S.S.
SUBSCRIBED AND SWORN to before me on 2022-08-10.
Doc. No. 990;
Page No. 22;
Book No. 29;
Series of 2018.
NOTARY PUBLIC | not_scoped_contract | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. This Security Services Contract creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "mutual_consent"] | ["pending_document_submission", "awaiting_approval"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2022-06-17 in Cotabato City, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Alberto Domingo, Filipino, of legal age, residing at Cotabato City (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Angelina De Guzman, Filipino, of legal age, residing at Cotabato City (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a apartment unit located at Unit 836, Cotabato City, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2022-06-17 and ending on 2022-12-14.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 13,766.00 (PHP 13,766.00), payable on or before the 7th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 27,532.00
b) Advance Rental: PHP 27,532.00 (2 month/s)
Total amount due upon signing: PHP 55,064.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Internet
- Water
- Association Dues
- Electricity
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 701) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 30 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 30 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 7% of the monthly rental shall be charged for payments made after the due date.
12. SPECIAL PROVISION: This agreement is executed without notarization as a private contract between the parties.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Cotabato City.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2022-06-17.
Alberto Domingo Angelina De Guzman
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract suffers from defects that make it unenforceable in its current form. The primary issue is lack of proper formalities required by law, such as notarization for contracts involving significant amounts or real property. While the parties may have genuine intent, the contract cannot be enforced in court without ratification or reformation. The defects are curable through proper execution of required formalities. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["mutual_consent"] | ["formality_not_observed", "unsigned_witnesses", "automatic_renewal_trap"] |
BROKERAGE AGREEMENT
This Brokerage Agreement is entered into on 2018-11-20 in Meycauayan, Philippines.
BETWEEN:
Golden Technologies, with principal office/residence at Meycauayan (hereinafter referred to as the FIRST PARTY)
-AND-
Enrique Tan, with principal office/residence at Meycauayan (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in professional services;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide products;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall distribute materials as specified.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 26,161,813.00, payable in quarterly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. SPECIAL PROVISION: This agreement is executed without notarization as agreed by both parties.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by FIRST PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Meycauayan.
IN WITNESS WHEREOF, the parties have executed this agreement on 2018-11-20.
Golden Technologies Enrique Tan
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________ | not_scoped_contract | This agreement is unenforceable due to non-compliance with legal formalities. The contract may lack required written form, proper authorization, or necessary acknowledgment. These are procedural defects that prevent judicial enforcement. However, the parties may voluntarily comply with the terms. To make it enforceable, the contract must be ratified with proper formalities or reformed to meet legal requirements. This Brokerage Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "lawful_consideration"] | ["unsigned_witnesses", "lack_of_written_authority"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2020-10-21 in Cotabato City, Philippines.
BETWEEN:
Concepcion Santiago, Filipino, of legal age, single/married, residing at Cotabato City (hereinafter referred to as the VENDOR)
-AND-
Alfredo Aguilar, Filipino, of legal age, single/married, residing at Cotabato City (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (house and lot) located at Cotabato City, covered by OCT-476395, with Tax Declaration No. TD-2022-48780, containing an area of 171 square meters, with a floor area of 235 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 35,816,326.00 (PHP 35,816,326.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 35,816,326.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2020-10-21 in Cotabato City, Philippines.
Concepcion Santiago Alfredo Aguilar
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
COTABATO CITY) S.S.
BEFORE ME, a Notary Public for and in Cotabato City, personally appeared:
Concepcion Santiago - CTC No. 49625201 issued at Cotabato City
Alfredo Aguilar - CTC No. 12944682 issued at Cotabato City
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 949;
Page No. 94;
Book No. 26;
Series of 2020.
NOTARY PUBLIC | deed_of_sale | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The deed of sale transfers ownership of house and lot for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["proper_venue", "clear_payment_terms", "valid_witnesses", "clear_title"] | [] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2019-07-15 in Dagupan, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Miguel Marquez, Filipino, of legal age, residing at Dagupan (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Ricardo De Guzman, Filipino, of legal age, residing at Dagupan (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a apartment unit located at Barangay Matandang Balara, Dagupan, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2019-07-15 and ending on 2020-01-11.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 23,560.00 (PHP 23,560.00), payable on or before the 5th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 23,560.00
b) Advance Rental: PHP 47,120.00 (2 month/s)
Total amount due upon signing: PHP 70,680.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Internet
- Cable Tv
- Electricity
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is allowed with prior written consent.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1604) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 3 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 60 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 45 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 10% of the monthly rental shall be charged for payments made after the due date.
12. SPECIAL PROVISION: The LESSEE is 17 years old and represents having parental consent.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Dagupan.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2019-07-15.
Miguel Marquez Ricardo De Guzman
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract is subject to annulment due to defects in consent or capacity of one of the parties. While currently binding, the affected party has the right to seek judicial annulment within the period prescribed by law. The contract may involve a minor who can disaffirm upon reaching majority, or consent obtained through misrepresentation or coercion. If not annulled within the prescriptive period, the contract becomes fully valid through prescription. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTICE: The affected party should seek legal advice regarding the right to annul this contract. Ratification must be done knowingly and voluntarily after the vice is removed. | voidable | ["clear_payment_terms", "definite_terms"] | ["vitiated_consent", "one_sided_terms", "misrepresentation"] |
RETAINER AGREEMENT
This Retainer Agreement is entered into on 2022-02-18 in Danao, Philippines.
BETWEEN:
Global Realty Corp, with principal office/residence at Danao (hereinafter referred to as the FIRST PARTY)
-AND-
Rosa Navarro, with principal office/residence at Danao (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in commercial activities;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide services;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall deliver equipment as specified.
2. TERM: This agreement shall be effective for 6 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 49,229,163.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Danao.
IN WITNESS WHEREOF, the parties have executed this agreement on 2022-02-18.
Global Realty Corp Rosa Navarro
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
DANAO) S.S.
SUBSCRIBED AND SWORN to before me on 2022-02-18.
Doc. No. 724;
Page No. 38;
Book No. 42;
Series of 2018.
NOTARY PUBLIC | not_scoped_contract | This is a valid and enforceable contract under the Civil Code of the Philippines. All parties have legal capacity and have voluntarily agreed to the terms. The contract serves a lawful purpose with adequate consideration. Required formalities have been observed including proper acknowledgment before a notary public. The terms are fair and comply with applicable laws and regulations. This Retainer Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "mutual_consent", "definite_terms"] | [] |
LOAN AGREEMENT
This Loan Agreement is executed on 2024-01-22 in Rodriguez, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Juan Santiago, with principal office/residence at Rodriguez (hereinafter referred to as the LENDER)
-AND-
Prime Realty Corp, with principal office/residence at Rodriguez (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of auto loan;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 20,369,856.00 (PHP 20,369,856.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 23% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 60 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make quarterly payments of principal and interest. Payment shall be due on the 1st day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 26 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 3% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This is an unsecured loan.
9. CONDITION PRECEDENT: This agreement shall become effective only upon submission of the following: (a) Certificate of Employment, (b) ITR for the last 2 years, (c) Barangay Clearance, (d) Valid government ID.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Rodriguez.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Juan Santiago Prime Realty Corp
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
RODRIGUEZ) S.S.
SUBSCRIBED AND SWORN to before me this 2024-01-22, affiants exhibiting their Community Tax Certificates as follows:
Juan Santiago - CTC No. 41690501
Prime Realty Corp - CTC No. 58678896
Doc. No. 201;
Page No. 97;
Book No. 24;
Series of 2022.
NOTARY PUBLIC | loan_agreement | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "definite_terms"] | ["pending_document_submission", "awaiting_approval"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2024-09-11 in Butuan, Philippines.
BETWEEN:
Rosa Lim, Filipino, of legal age, single/married, residing at Butuan (hereinafter referred to as the VENDOR)
-AND-
Sofia Ocampo, Filipino, of legal age, single/married, residing at Butuan (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (condominium unit) located at Butuan, covered by TCT-970127, with Tax Declaration No. TD-2024-82641, containing an area of 452 square meters, with a floor area of 145 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 606,070.00 (PHP 606,070.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 606,070.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2024-09-11 in Butuan, Philippines.
Rosa Lim Sofia Ocampo
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
BUTUAN) S.S.
BEFORE ME, a Notary Public for and in Butuan, personally appeared:
Rosa Lim - CTC No. 37804191 issued at Butuan
Sofia Ocampo - CTC No. 88703005 issued at Butuan
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 321;
Page No. 39;
Book No. 22;
Series of 2024.
NOTARY PUBLIC | deed_of_sale | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The deed of sale transfers ownership of condominium unit for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["mutual_consent", "clear_payment_terms", "proper_notarization", "registered_property"] | ["minor_formatting_issue"] |
JOINT VENTURE AGREEMENT
This Joint Venture Agreement is entered into on 2018-08-03 in Urdaneta, Philippines.
BETWEEN:
Prime Corp, with principal office/residence at Urdaneta (hereinafter referred to as the FIRST PARTY)
-AND-
Isabel Ramirez, with principal office/residence at Urdaneta (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in trade and commerce;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide professional assistance;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The parties agree to jointly undertake business venture.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 116,457.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 30 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
d) FIRST PARTY may terminate without cause and without notice at any time
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by both parties jointly.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Urdaneta.
IN WITNESS WHEREOF, the parties have executed this agreement on 2018-08-03.
Prime Corp Isabel Ramirez
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
URDANETA) S.S.
SUBSCRIBED AND SWORN to before me on 2018-08-03.
Doc. No. 144;
Page No. 94;
Book No. 34;
Series of 2020.
NOTARY PUBLIC | not_scoped_contract | This agreement is absolutely void and cannot be ratified or cured. The contract suffers from fatal defects such as illegal purpose, absence of consent, or violation of mandatory legal provisions. Examples include usurious interest rates exceeding legal limits, contracts entered into by persons without legal capacity, or agreements involving prohibited transactions. The contract has no legal standing and cannot create obligations. This Joint Venture Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["usurious_interest", "illegal_interest_rate", "fraud_indicators"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2022-12-22 in Valencia, Philippines.
BETWEEN:
Rosario Tan, Filipino, of legal age, single/married, residing at Valencia (hereinafter referred to as the VENDOR)
-AND-
Pedro Romero, Filipino, of legal age, single/married, residing at Valencia (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (condominium unit) located at Valencia, covered by CCT-726410, with Tax Declaration No. TD-2022-48652, containing an area of 190 square meters, with a floor area of 206 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 88,530.00 (PHP 88,530.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 88,530.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
This sale is subject to the VENDEE obtaining a loan approval from the bank within 60 days from execution.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2022-12-22 in Valencia, Philippines.
Rosario Tan Pedro Romero
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
VALENCIA) S.S.
BEFORE ME, a Notary Public for and in Valencia, personally appeared:
Rosario Tan - CTC No. 70896652 issued at Valencia
Pedro Romero - CTC No. 77853916 issued at Valencia
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 719;
Page No. 65;
Book No. 7;
Series of 2024.
NOTARY PUBLIC | deed_of_sale | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. The deed of sale transfers ownership of condominium unit for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_title", "termination_rights"] | ["incomplete_requirements"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2020-11-10 in Subic, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Pacific Manufacturing, with principal office/residence at Subic (hereinafter referred to as the LESSOR)
-AND-
XYZ Ventures, with principal office/residence at Subic (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a restaurant space with a floor area of approximately 98 square meters, located at Subic;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 3 (3) years, commencing on 2020-11-10 and ending on 2023-11-10.
3. RENTAL RATE:
a) Monthly Rental: PHP 195,046.00
b) Security Deposit: PHP 585,138.00 (3 months)
c) Advance Rental: PHP 390,092.00 (2 months)
Total initial payment: PHP 975,230.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 5th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 5% every 3 years.
6. PERMITTED USE: The premises shall be used exclusively for office purposes.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 147687 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is prohibited without written consent of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 60 days constitutes default
b) Penalty of 3% per month on late payments
c) LESSOR may terminate for material breach after 30 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 60 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. CONDITION PRECEDENT: This lease becomes effective only upon: (a) LESSEE obtaining business permit, (b) Payment of all initial fees, (c) Submission of Mayor's Permit and BIR registration.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Subic.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Pacific Manufacturing XYZ Ventures
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
SUBIC) S.S.
BEFORE ME, a Notary Public, personally appeared:
Pacific Manufacturing - CTC No. 99300492
XYZ Ventures - CTC No. 66765623
known to me to be the same persons who executed the foregoing instrument.
Doc. No. 988;
Page No. 16;
Book No. 19;
Series of 2022.
NOTARY PUBLIC | lease_agreement | The enforceability of this agreement depends on compliance with specified conditions. The parties have agreed that certain requirements must be completed before the contract takes full effect. These may include regulatory approvals, financial qualifications, or documentary submissions. The contract is valid but its implementation is suspended pending satisfaction of conditions. Both parties remain bound to cooperate in fulfilling these prerequisites. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "deposit_refund_terms", "dispute_resolution"] | ["awaiting_approval"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2022-02-14 in Ormoc, Philippines.
BETWEEN:
Alberto Castillo, Filipino, of legal age, single/married, residing at Ormoc (hereinafter referred to as the VENDOR)
-AND-
Pedro Pascual, Filipino, of legal age, single/married, residing at Ormoc (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (residential lot) located at Ormoc, covered by OCT-969752, with Tax Declaration No. TD-2023-45054, containing an area of 361 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 25,177,279.00 (PHP 25,177,279.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 25,177,279.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2022-02-14 in Ormoc, Philippines.
Alberto Castillo Pedro Pascual
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
ORMOC) S.S.
BEFORE ME, a Notary Public for and in Ormoc, personally appeared:
Alberto Castillo - CTC No. 13886030 issued at Ormoc
Pedro Pascual - CTC No. 34215035 issued at Ormoc
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 379;
Page No. 99;
Book No. 49;
Series of 2020.
NOTARY PUBLIC | deed_of_sale | This agreement meets all legal requirements for enforceability in the Philippines. The parties have freely given their consent without fraud, duress, or undue influence. The subject matter is lawful and the consideration is adequate. Proper documentation including notarization has been completed. The obligations and rights of each party are clearly defined and reasonable. The deed of sale transfers ownership of residential lot for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "valid_witnesses", "tax_declaration_attached", "definite_terms"] | [] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2018-05-06 in Butuan, Philippines.
BETWEEN:
Patricia Garcia, Filipino, of legal age, single/married, residing at Butuan (hereinafter referred to as the VENDOR)
-AND-
Luz Go, Filipino, of legal age, single/married, residing at Butuan (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (warehouse) located at Butuan, covered by CCT-426775, with Tax Declaration No. TD-2023-52517, containing an area of 224 square meters, with a floor area of 120 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 35,245,979.00 (PHP 35,245,979.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 35,245,979.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
This sale is subject to the VENDEE obtaining a loan approval from the bank within 60 days from execution.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2018-05-06 in Butuan, Philippines.
Patricia Garcia Luz Go
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
BUTUAN) S.S.
BEFORE ME, a Notary Public for and in Butuan, personally appeared:
Patricia Garcia - CTC No. 86181117 issued at Butuan
Luz Go - CTC No. 90023800 issued at Butuan
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 186;
Page No. 16;
Book No. 10;
Series of 2019.
NOTARY PUBLIC | deed_of_sale | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. The deed of sale transfers ownership of warehouse for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_title", "termination_rights"] | ["conditional_effectiveness"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2022-08-24 in Talisay, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Ernesto Aguilar, Filipino, of legal age, residing at Talisay (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Beatriz Tolentino, Filipino, of legal age, residing at Talisay (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a bedspace located at Unit 214, Talisay, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2022-08-24 and ending on 2023-08-24.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 10,063.00 (PHP 10,063.00), payable on or before the 5th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 10,063.00
b) Advance Rental: PHP 20,126.00 (2 month/s)
Total amount due upon signing: PHP 30,189.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Cable Tv
- Electricity
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is allowed with prior written consent.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1117) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 2 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 30 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 45 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 8% of the monthly rental shall be charged for payments made after the due date.
12. SPECIAL PROVISION: This agreement is executed without notarization as a private contract between the parties.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Talisay.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2022-08-24.
Ernesto Aguilar Beatriz Tolentino
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract suffers from defects that make it unenforceable in its current form. The primary issue is lack of proper formalities required by law, such as notarization for contracts involving significant amounts or real property. While the parties may have genuine intent, the contract cannot be enforced in court without ratification or reformation. The defects are curable through proper execution of required formalities. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["mutual_consent"] | ["missing_signature", "one_sided_terms", "formality_not_observed", "lack_of_written_authority"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2022-06-15 in Cavite City, Philippines.
BETWEEN:
Rafael Perez, Filipino, of legal age, single/married, residing at Cavite City (hereinafter referred to as the VENDOR)
-AND-
Ernesto Pascual, Filipino, of legal age, single/married, residing at Cavite City (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (house and lot) located at Cavite City, covered by OCT-550137, with Tax Declaration No. TD-2022-63008, containing an area of 491 square meters, with a floor area of 200 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 11,257,723.00 (PHP 11,257,723.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 11,257,723.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
This sale is executed without notarization due to unavailability of notary public in the area.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2022-06-15 in Cavite City, Philippines.
Rafael Perez Ernesto Pascual
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | deed_of_sale | The contract is unenforceable because it fails to meet statutory requirements for form or procedure. This may include absence of notarization when required, lack of written authorization for agents, or missing signatures. The substantive terms may be valid, but technical defects prevent court enforcement. The parties can cure these defects by executing a new contract with proper formalities or ratifying the existing agreement. The deed of sale transfers ownership of house and lot for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "mutual_consent"] | ["invalid_collateral", "missing_signature", "unsigned_witnesses", "no_notarization"] |
PARTNERSHIP AGREEMENT
This Partnership Agreement is entered into on 2021-06-24 in Camarines Sur, Philippines.
BETWEEN:
Raul Soriano, with principal office/residence at Camarines Sur (hereinafter referred to as the FIRST PARTY)
-AND-
Isabel Aguilar, with principal office/residence at Camarines Sur (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in business operations;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide products;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The parties agree to jointly undertake development project.
2. TERM: This agreement shall be effective for 24 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Profit sharing ratio: FIRST PARTY 50%, SECOND PARTY 50%.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 30 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
d) FIRST PARTY may terminate without cause and without notice at any time
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by FIRST PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Camarines Sur.
IN WITNESS WHEREOF, the parties have executed this agreement on 2021-06-24.
Raul Soriano Isabel Aguilar
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CAMARINES SUR) S.S.
SUBSCRIBED AND SWORN to before me on 2021-06-24.
Doc. No. 205;
Page No. 28;
Book No. 17;
Series of 2019.
NOTARY PUBLIC | not_scoped_contract | This contract is void ab initio and produces no legal effect whatsoever. The agreement violates fundamental legal principles such as involving illegal subject matter, lacking essential elements, or being contrary to law or public policy. Neither party can enforce this contract in court. Any performance already rendered may be subject to restitution. The contract is treated as if it never existed from the beginning. This Partnership Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["violation_of_law", "illegal_purpose", "no_legal_effect"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2024-07-01 in Calbayog, Philippines.
BETWEEN:
Mercedes Marquez, Filipino, of legal age, single/married, residing at Calbayog (hereinafter referred to as the VENDOR)
-AND-
Beatriz Salazar, Filipino, of legal age, single/married, residing at Calbayog (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (townhouse) located at Calbayog, covered by TCT-591699, with Tax Declaration No. TD-2021-92756, containing an area of 127 square meters, with a floor area of 265 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 9,752,367.00 (PHP 9,752,367.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 9,752,367.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
This sale is executed without notarization due to unavailability of notary public in the area.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2024-07-01 in Calbayog, Philippines.
Mercedes Marquez Beatriz Salazar
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | deed_of_sale | This agreement is unenforceable due to non-compliance with legal formalities. The contract may lack required written form, proper authorization, or necessary acknowledgment. These are procedural defects that prevent judicial enforcement. However, the parties may voluntarily comply with the terms. To make it enforceable, the contract must be ratified with proper formalities or reformed to meet legal requirements. The deed of sale transfers ownership of townhouse for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "lawful_consideration"] | ["invalid_collateral", "procedural_defect", "unsigned_witnesses", "no_notarization"] |
CATERING SERVICES AGREEMENT
This Catering Services Agreement is entered into on 2024-07-05 in Carcar, Philippines.
BETWEEN:
ABC Development Corp, with principal office/residence at Carcar (hereinafter referred to as the FIRST PARTY)
-AND-
XYZ Technologies, with principal office/residence at Carcar (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in trade and commerce;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide products;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide professional services as detailed in Annex A.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 586,030.00, payable in monthly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 60 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONDITION: This agreement becomes effective upon submission of required permits and licenses.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by both parties jointly.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Carcar.
IN WITNESS WHEREOF, the parties have executed this agreement on 2024-07-05.
ABC Development Corp XYZ Technologies
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CARCAR) S.S.
SUBSCRIBED AND SWORN to before me on 2024-07-05.
Doc. No. 186;
Page No. 74;
Book No. 42;
Series of 2019.
NOTARY PUBLIC | not_scoped_contract | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. This Catering Services Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["termination_rights"] | ["incomplete_requirements", "awaiting_approval"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2021-09-12 in Antipolo, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Metro Realty Corp, with principal office/residence at Antipolo (hereinafter referred to as the LENDER)
-AND-
Global Enterprises, with principal office/residence at Antipolo (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of education;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 7,690,658.00 (PHP 7,690,658.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 57% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 48 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make bi-weekly payments of principal and interest. Payment shall be due on the 1st day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty, except that prepayment within the first 12 months shall incur a penalty of 25% of the outstanding balance.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 19 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 4% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This is an unsecured loan.
9. SPECIAL PROVISION: The BORROWER acknowledges that this loan was obtained under financial distress and that the interest rate may be subject to judicial review.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Antipolo.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Metro Realty Corp Global Enterprises
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
ANTIPOLO) S.S.
SUBSCRIBED AND SWORN to before me this 2021-09-12, affiants exhibiting their Community Tax Certificates as follows:
Metro Realty Corp - CTC No. 98054173
Global Enterprises - CTC No. 98870276
Doc. No. 501;
Page No. 26;
Book No. 39;
Series of 2023.
NOTARY PUBLIC | loan_agreement | This contract is valid but may be rescinded due to economic prejudice to one party or creditors. The agreement may involve lesion or damage exceeding one-fourth of the value, or may have been entered into in fraud of creditors. The injured party can seek judicial rescission to restore the parties to their original positions. Rescission is a remedy of last resort when no other legal remedy is available. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. CAUTION: The disadvantaged party may seek rescission if the economic injury is substantial and no other remedy is available. Fair market value should be verified independently. | rescissible | ["valid_witnesses", "mutual_consent"] | ["grossly_inadequate_price", "illegal_interest_rate", "unfair_forfeiture", "fraud_on_creditors"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2018-03-16 in Angono, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Remedios Lim, Filipino, of legal age, residing at Angono (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Rosario Hernandez, Filipino, of legal age, residing at Angono (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a bedspace located at Unit 885, Angono, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2018-03-16 and ending on 2018-09-12.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 13,120.00 (PHP 13,120.00), payable on or before the 7th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 13,120.00
b) Advance Rental: PHP 13,120.00 (1 month/s)
Total amount due upon signing: PHP 26,240.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Electricity
- Internet
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 707) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 30 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 60 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 5% of the monthly rental shall be charged for payments made after the due date.
12. SPECIAL PROVISION: This agreement is executed without notarization as a private contract between the parties.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Angono.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2018-03-16.
Remedios Lim Rosario Hernandez
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | The contract is unenforceable because it fails to meet statutory requirements for form or procedure. This may include absence of notarization when required, lack of written authorization for agents, or missing signatures. The substantive terms may be valid, but technical defects prevent court enforcement. The parties can cure these defects by executing a new contract with proper formalities or ratifying the existing agreement. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "lawful_consideration"] | ["formality_not_observed", "procedural_defect", "one_sided_terms"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2020-08-30 in Angono, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Arturo Medina, Filipino, of legal age, residing at Angono (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Juan Gutierrez, Filipino, of legal age, residing at Angono (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a room located at Barangay Matandang Balara, Angono, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2020-08-30 and ending on 2021-08-30.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 23,007.00 (PHP 23,007.00), payable on or before the 15th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 46,014.00
b) Advance Rental: PHP 69,021.00 (3 month/s)
Total amount due upon signing: PHP 115,035.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Internet
- Cable Tv
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1077) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 3 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 60 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 30 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 5% of the monthly rental shall be charged for payments made after the due date.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Angono.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2020-08-30.
Arturo Medina Juan Gutierrez
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This agreement meets all legal requirements for enforceability in the Philippines. The parties have freely given their consent without fraud, duress, or undue influence. The subject matter is lawful and the consideration is adequate. Proper documentation including notarization has been completed. The obligations and rights of each party are clearly defined and reasonable. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["proper_venue", "maintenance_obligations", "lawful_consideration"] | [] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2019-10-19 in Bacoor, Philippines.
BETWEEN:
Felicidad De Leon, Filipino, of legal age, single/married, residing at Bacoor (hereinafter referred to as the VENDOR)
-AND-
Carmen Mercado, Filipino, of legal age, single/married, residing at Bacoor (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (apartment unit) located at Bacoor, covered by TCT-956375, with Tax Declaration No. TD-2021-55820, containing an area of 96 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 1,442,290.00 (PHP 1,442,290.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 1,442,290.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
The VENDOR is 16 years old. Parental consent is being obtained separately.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2019-10-19 in Bacoor, Philippines.
Felicidad De Leon Carmen Mercado
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
BACOOR) S.S.
BEFORE ME, a Notary Public for and in Bacoor, personally appeared:
Felicidad De Leon - CTC No. 65686520 issued at Bacoor
Carmen Mercado - CTC No. 17148018 issued at Bacoor
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 505;
Page No. 74;
Book No. 24;
Series of 2019.
NOTARY PUBLIC | deed_of_sale | This agreement is valid but may be annulled by the party whose consent was vitiated or who lacked capacity at the time of execution. Grounds for annulment include minority, insanity, fraud, violence, intimidation, or undue influence. The contract remains effective unless and until the entitled party exercises the right to annul within the prescriptive period. Ratification by the injured party makes the contract fully enforceable. The deed of sale transfers ownership of apartment unit for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTICE: The affected party should seek legal advice regarding the right to annul this contract. Ratification must be done knowingly and voluntarily after the vice is removed. | voidable | ["definite_terms"] | ["vitiated_consent", "minor_party", "unregistered_property"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2018-06-06 in Batangas City, Philippines.
BETWEEN:
Felicidad Ocampo, Filipino, of legal age, single/married, residing at Batangas City (hereinafter referred to as the VENDOR)
-AND-
Angelina Flores, Filipino, of legal age, single/married, residing at Batangas City (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (warehouse) located at Batangas City, covered by TCT-119927, with Tax Declaration No. TD-2020-38266, containing an area of 365 square meters, with a floor area of 42 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 19,314,219.00 (PHP 19,314,219.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 19,314,219.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2018-06-06 in Batangas City, Philippines.
Felicidad Ocampo Angelina Flores
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
BATANGAS CITY) S.S.
BEFORE ME, a Notary Public for and in Batangas City, personally appeared:
Felicidad Ocampo - CTC No. 30068183 issued at Batangas City
Angelina Flores - CTC No. 83659258 issued at Batangas City
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 844;
Page No. 87;
Book No. 34;
Series of 2021.
NOTARY PUBLIC | deed_of_sale | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The deed of sale transfers ownership of warehouse for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "clear_title", "complete_documentation", "mutual_consent"] | [] |
BROKERAGE AGREEMENT
This Brokerage Agreement is entered into on 2019-08-12 in Valencia, Philippines.
BETWEEN:
Alfredo De Guzman, with principal office/residence at Valencia (hereinafter referred to as the FIRST PARTY)
-AND-
Beatriz Tolentino, with principal office/residence at Valencia (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in trade and commerce;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide products;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall supply materials as specified.
2. TERM: This agreement shall be effective for 6 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 1,400,179.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. SPECIAL PROVISION: The SECOND PARTY's authority to enter this agreement is subject to board approval.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by both parties jointly.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Valencia.
IN WITNESS WHEREOF, the parties have executed this agreement on 2019-08-12.
Alfredo De Guzman Beatriz Tolentino
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
VALENCIA) S.S.
SUBSCRIBED AND SWORN to before me on 2019-08-12.
Doc. No. 905;
Page No. 74;
Book No. 36;
Series of 2018.
NOTARY PUBLIC | not_scoped_contract | This agreement is valid but may be annulled by the party whose consent was vitiated or who lacked capacity at the time of execution. Grounds for annulment include minority, insanity, fraud, violence, intimidation, or undue influence. The contract remains effective unless and until the entitled party exercises the right to annul within the prescriptive period. Ratification by the injured party makes the contract fully enforceable. This Brokerage Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTICE: The affected party should seek legal advice regarding the right to annul this contract. Ratification must be done knowingly and voluntarily after the vice is removed. | voidable | ["clear_payment_terms", "definite_terms"] | ["minor_party", "undue_influence", "duress_evidence"] |
JOINT VENTURE AGREEMENT
This Joint Venture Agreement is entered into on 2021-12-14 in Taguig, Philippines.
BETWEEN:
Eduardo Garcia, with principal office/residence at Taguig (hereinafter referred to as the FIRST PARTY)
-AND-
Mercedes Ramirez, with principal office/residence at Taguig (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in professional services;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide products;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The parties agree to jointly undertake business venture.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 21,750,032.00, payable in monthly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 60 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by FIRST PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Taguig.
IN WITNESS WHEREOF, the parties have executed this agreement on 2021-12-14.
Eduardo Garcia Mercedes Ramirez
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
TAGUIG) S.S.
SUBSCRIBED AND SWORN to before me on 2021-12-14.
Doc. No. 144;
Page No. 35;
Book No. 3;
Series of 2020.
NOTARY PUBLIC | not_scoped_contract | This agreement meets all legal requirements for enforceability in the Philippines. The parties have freely given their consent without fraud, duress, or undue influence. The subject matter is lawful and the consideration is adequate. Proper documentation including notarization has been completed. The obligations and rights of each party are clearly defined and reasonable. This Joint Venture Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "valid_witnesses", "proper_venue", "definite_terms"] | [] |
COMMISSION AGREEMENT
This Commission Agreement is entered into on 2021-10-20 in Legazpi, Philippines.
BETWEEN:
ABC Ventures, with principal office/residence at Legazpi (hereinafter referred to as the FIRST PARTY)
-AND-
Asian Realty Corp, with principal office/residence at Legazpi (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in commercial activities;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide services;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall distribute goods as specified.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 7,805,491.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 30 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. SPECIAL PROVISION: This agreement is executed without notarization as agreed by both parties.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by both parties jointly.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Legazpi.
IN WITNESS WHEREOF, the parties have executed this agreement on 2021-10-20.
ABC Ventures Asian Realty Corp
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________ | not_scoped_contract | This agreement is unenforceable due to non-compliance with legal formalities. The contract may lack required written form, proper authorization, or necessary acknowledgment. These are procedural defects that prevent judicial enforcement. However, the parties may voluntarily comply with the terms. To make it enforceable, the contract must be ratified with proper formalities or reformed to meet legal requirements. This Commission Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "lawful_consideration"] | ["formality_not_observed", "procedural_defect", "unsigned_witnesses"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2022-12-24 in Malolos, Philippines.
BETWEEN:
Jorge Tolentino, Filipino, of legal age, single/married, residing at Malolos (hereinafter referred to as the VENDOR)
-AND-
Felicidad Aguilar, Filipino, of legal age, single/married, residing at Malolos (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (agricultural land) located at Malolos, covered by TCT-178686, with Tax Declaration No. TD-2023-93560, containing an area of 377 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 33,659,854.00 (PHP 33,659,854.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 33,659,854.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
This sale is subject to the VENDEE obtaining a loan approval from the bank within 60 days from execution.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2022-12-24 in Malolos, Philippines.
Jorge Tolentino Felicidad Aguilar
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MALOLOS) S.S.
BEFORE ME, a Notary Public for and in Malolos, personally appeared:
Jorge Tolentino - CTC No. 64520614 issued at Malolos
Felicidad Aguilar - CTC No. 58762794 issued at Malolos
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 625;
Page No. 96;
Book No. 11;
Series of 2018.
NOTARY PUBLIC | deed_of_sale | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. The deed of sale transfers ownership of agricultural land for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "termination_rights", "registered_property", "definite_terms"] | ["pending_document_submission"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2022-03-04 in Rodriguez, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Pacific Development Corp, with principal office/residence at Rodriguez (hereinafter referred to as the LESSOR)
-AND-
United Industries, with principal office/residence at Rodriguez (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a parking slots with a floor area of approximately 410 square meters, located at Rodriguez;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 20 (20) years, commencing on 2022-03-04 and ending on 2042-02-27.
3. RENTAL RATE:
a) Monthly Rental: PHP 35,155.00
b) Security Deposit: PHP 210,930.00 (6 months)
c) Advance Rental: PHP 70,310.00 (2 months)
Total initial payment: PHP 281,240.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 10th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 12% every 3 years.
6. PERMITTED USE: The premises shall be used exclusively for manufacturing.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 115434 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is prohibited without written consent of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 15 days constitutes default
b) Penalty of 5% per month on late payments
c) LESSOR may terminate for material breach after 30 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: LESSEE has the option to renew for another 3 years under mutually agreed terms, provided written notice is given 120 days before expiration.
15. SPECIAL PROVISION: This lease agreement is executed as a private document without notarization.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Rodriguez.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Pacific Development Corp United Industries
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | lease_agreement | This agreement is unenforceable due to non-compliance with legal formalities. The contract may lack required written form, proper authorization, or necessary acknowledgment. These are procedural defects that prevent judicial enforcement. However, the parties may voluntarily comply with the terms. To make it enforceable, the contract must be ratified with proper formalities or reformed to meet legal requirements. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "mutual_consent"] | ["unfair_forfeiture", "missing_signature", "formality_not_observed", "no_notarization"] |
TRANSPORTATION AGREEMENT
This Transportation Agreement is entered into on 2024-01-30 in Tacloban, Philippines.
BETWEEN:
Jorge Ramos, with principal office/residence at Tacloban (hereinafter referred to as the FIRST PARTY)
-AND-
Josefa Diaz, with principal office/residence at Tacloban (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in professional services;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide services;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall deliver products as specified.
2. TERM: This agreement shall be effective for 12 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 1,129,054.00, payable in quarterly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 30 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. SPECIAL PROVISION: This agreement is executed without notarization as agreed by both parties.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Tacloban.
IN WITNESS WHEREOF, the parties have executed this agreement on 2024-01-30.
Jorge Ramos Josefa Diaz
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________ | not_scoped_contract | The contract is unenforceable because it fails to meet statutory requirements for form or procedure. This may include absence of notarization when required, lack of written authorization for agents, or missing signatures. The substantive terms may be valid, but technical defects prevent court enforcement. The parties can cure these defects by executing a new contract with proper formalities or ratifying the existing agreement. This Transportation Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "mutual_consent"] | ["unsigned_witnesses", "no_notarization"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2018-10-31 in Subic, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Royal Logistics, with principal office/residence at Subic (hereinafter referred to as the LENDER)
-AND-
Mercedes Gutierrez, with principal office/residence at Subic (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of home improvement;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 7,705,167.00 (PHP 7,705,167.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 150% per annum (Note: Rate exceeds BSP guidelines), computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 60 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make bi-weekly payments of principal and interest. Payment shall be due on the 30th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty, except that prepayment within the first 12 months shall incur a penalty of 25% of the outstanding balance.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 16 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 2% per month on overdue amounts
c) Seize all assets of the BORROWER without court order
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by equipment and machinery.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Subic.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Royal Logistics Mercedes Gutierrez
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | loan_agreement | This contract is void ab initio and produces no legal effect whatsoever. The agreement violates fundamental legal principles such as involving illegal subject matter, lacking essential elements, or being contrary to law or public policy. Neither party can enforce this contract in court. Any performance already rendered may be subject to restitution. The contract is treated as if it never existed from the beginning. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["lack_of_capacity", "against_public_policy", "no_legal_effect", "excessive_penalties"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2024-07-06 in Tagum, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Rosa Domingo, with principal office/residence at Tagum (hereinafter referred to as the LESSOR)
-AND-
Alfredo Santiago, with principal office/residence at Tagum (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a retail store with a floor area of approximately 107 square meters, located at Tagum;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 20 (20) years, commencing on 2024-07-06 and ending on 2044-07-01.
3. RENTAL RATE:
a) Monthly Rental: PHP 187,682.00
b) Security Deposit: PHP 1,126,092.00 (6 months)
c) Advance Rental: PHP 1,126,092.00 (6 months)
Total initial payment: PHP 2,252,184.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 10th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 15% every 2 years.
6. PERMITTED USE: The premises shall be used exclusively for retail business.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 71292 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is allowed with prior written approval of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 60 days constitutes default
b) Penalty of 7% per month on late payments
c) LESSOR may terminate for material breach after 15 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: LESSEE has the option to renew for another 3 years under mutually agreed terms, provided written notice is given 120 days before expiration.
15. SPECIAL PROVISION: This lease agreement is executed as a private document without notarization.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Tagum.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Rosa Domingo Alfredo Santiago
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | lease_agreement | The contract is unenforceable because it fails to meet statutory requirements for form or procedure. This may include absence of notarization when required, lack of written authorization for agents, or missing signatures. The substantive terms may be valid, but technical defects prevent court enforcement. The parties can cure these defects by executing a new contract with proper formalities or ratifying the existing agreement. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["mutual_consent", "lawful_consideration"] | ["missing_signature", "unsigned_witnesses", "excessive_penalties", "lack_of_written_authority"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2019-08-12 in Digos, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
ABC Services, with principal office/residence at Digos (hereinafter referred to as the LESSOR)
-AND-
Philippine Solutions, with principal office/residence at Digos (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a restaurant space with a floor area of approximately 461 square meters, located at Digos;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 10 (10) years, commencing on 2019-08-12 and ending on 2029-08-09.
3. RENTAL RATE:
a) Monthly Rental: PHP 203,314.00
b) Security Deposit: PHP 609,942.00 (3 months)
c) Advance Rental: PHP 1,219,884.00 (6 months)
Total initial payment: PHP 1,829,826.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 10th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 7% every 3 years.
6. PERMITTED USE: The premises shall be used exclusively for office purposes.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 133654 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is allowed with prior written approval of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 15 days constitutes default
b) Penalty of 7% per month on late payments
c) LESSOR may terminate for material breach after 30 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 60 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Digos.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
ABC Services Philippine Solutions
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
DIGOS) S.S.
BEFORE ME, a Notary Public, personally appeared:
ABC Services - CTC No. 16792127
Philippine Solutions - CTC No. 48951595
known to me to be the same persons who executed the foregoing instrument.
Doc. No. 493;
Page No. 88;
Book No. 27;
Series of 2019.
NOTARY PUBLIC | lease_agreement | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["deposit_refund_terms", "complete_documentation", "lawful_consideration", "definite_terms"] | [] |
LOAN AGREEMENT
This Loan Agreement is executed on 2024-07-17 in Mabalacat, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Margarita Romero, with principal office/residence at Mabalacat (hereinafter referred to as the LENDER)
-AND-
Rosa Navarro, with principal office/residence at Mabalacat (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of real estate acquisition;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 28,881,504.00 (PHP 28,881,504.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 23% per annum, computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 60 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make weekly payments of principal and interest. Payment shall be due on the 1st day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 28 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 3% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by chattel mortgage.
9. CONDITION PRECEDENT: This agreement shall become effective only upon submission of the following: (a) Certificate of Employment, (b) ITR for the last 2 years, (c) Barangay Clearance, (d) Valid government ID.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Mabalacat.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Margarita Romero Rosa Navarro
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MABALACAT) S.S.
SUBSCRIBED AND SWORN to before me this 2024-07-17, affiants exhibiting their Community Tax Certificates as follows:
Margarita Romero - CTC No. 59093843
Rosa Navarro - CTC No. 64123845
Doc. No. 474;
Page No. 15;
Book No. 26;
Series of 2018.
NOTARY PUBLIC | loan_agreement | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["proper_collateral", "lawful_consideration", "mutual_consent", "dispute_resolution"] | ["incomplete_requirements"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2024-11-07 in Cagayan de Oro, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Jorge Yap, Filipino, of legal age, residing at Cagayan de Oro (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Dolores Castro, Filipino, of legal age, residing at Cagayan de Oro (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a apartment unit located at Unit 914, Cagayan de Oro, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2024-11-07 and ending on 2025-05-06.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 7,216.00 (PHP 7,216.00), payable on or before the 7th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 7,216.00
b) Advance Rental: PHP 14,432.00 (2 month/s)
Total amount due upon signing: PHP 21,648.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Association Dues
- Cable Tv
- Internet
- Electricity
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is allowed with prior written consent.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 780) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 60 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 30 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 60 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 10% of the monthly rental shall be charged for payments made after the due date.
12. CONDITION: This lease is subject to the LESSEE providing proof of employment and two valid IDs within 7 days from signing.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Cagayan de Oro.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2024-11-07.
Jorge Yap Dolores Castro
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["deposit_refund_terms", "lawful_consideration", "mutual_consent", "dispute_resolution"] | ["incomplete_requirements", "awaiting_approval"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2023-09-19 in Bacolod, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Pilar Santiago, Filipino, of legal age, residing at Bacolod (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Concepcion Morales, Filipino, of legal age, residing at Bacolod (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a boarding house room located at Unit 118, Bacolod, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2023-09-19 and ending on 2024-03-17.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 19,051.00 (PHP 19,051.00), payable on or before the 15th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 38,102.00
b) Advance Rental: PHP 38,102.00 (2 month/s)
Total amount due upon signing: PHP 76,204.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Internet
- Electricity
- Association Dues
- Water
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is allowed with prior written consent.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1842) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
d) LESSOR may terminate without cause with only 7 days notice
10. DEPOSIT REFUND: Security deposit shall be refunded within 60 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 10% of the monthly rental shall be charged for payments made after the due date.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Bacolod.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2023-09-19.
Pilar Santiago Concepcion Morales
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract is valid but may be rescinded due to economic prejudice to one party or creditors. The agreement may involve lesion or damage exceeding one-fourth of the value, or may have been entered into in fraud of creditors. The injured party can seek judicial rescission to restore the parties to their original positions. Rescission is a remedy of last resort when no other legal remedy is available. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. CAUTION: The disadvantaged party may seek rescission if the economic injury is substantial and no other remedy is available. Fair market value should be verified independently. | rescissible | ["proper_notarization", "mutual_consent"] | ["unconscionable_terms", "unfair_forfeiture", "financial_distress_exploitation"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2018-09-13 in Ozamiz, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Asian Industries, with principal office/residence at Ozamiz (hereinafter referred to as the LENDER)
-AND-
Asian Technologies, with principal office/residence at Ozamiz (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of working capital;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 6,351,030.00 (PHP 6,351,030.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 42% per annum, computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 36 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make weekly payments of principal and interest. Payment shall be due on the 30th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 25 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 4% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by chattel mortgage.
9. SPECIAL PROVISION: This agreement is executed as a private document without notarization as agreed by both parties.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Ozamiz.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Asian Industries Asian Technologies
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | loan_agreement | The contract is unenforceable because it fails to meet statutory requirements for form or procedure. This may include absence of notarization when required, lack of written authorization for agents, or missing signatures. The substantive terms may be valid, but technical defects prevent court enforcement. The parties can cure these defects by executing a new contract with proper formalities or ratifying the existing agreement. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["mutual_consent", "lawful_consideration"] | ["missing_signature", "unsigned_witnesses", "excessive_penalties"] |
SECURITY SERVICES CONTRACT
This Security Services Contract is entered into on 2024-04-14 in Cainta, Philippines.
BETWEEN:
Miguel Santiago, with principal office/residence at Cainta (hereinafter referred to as the FIRST PARTY)
-AND-
Philippine Ventures, with principal office/residence at Cainta (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in commercial activities;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide products;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide consulting services as detailed in Annex A.
2. TERM: This agreement shall be effective for 6 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 18,178,832.00, payable in quarterly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONDITION: This agreement becomes effective upon submission of required permits and licenses.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by FIRST PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Cainta.
IN WITNESS WHEREOF, the parties have executed this agreement on 2024-04-14.
Miguel Santiago Philippine Ventures
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CAINTA) S.S.
SUBSCRIBED AND SWORN to before me on 2024-04-14.
Doc. No. 454;
Page No. 66;
Book No. 42;
Series of 2020.
NOTARY PUBLIC | not_scoped_contract | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. This Security Services Contract creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["termination_rights", "mutual_consent"] | ["conditional_effectiveness", "subject_to_verification"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2019-02-15 in Paranaque, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Francisco Torres, with principal office/residence at Paranaque (hereinafter referred to as the LESSOR)
-AND-
Ana Lim, with principal office/residence at Paranaque (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a kiosk space with a floor area of approximately 189 square meters, located at Paranaque;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 25 (25) years, commencing on 2019-02-15 and ending on 2044-02-09.
3. RENTAL RATE:
a) Monthly Rental: PHP 203,051.00
b) Security Deposit: PHP 609,153.00 (3 months)
c) Advance Rental: PHP 406,102.00 (2 months)
Total initial payment: PHP 1,015,255.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 5th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 5% every 5 years.
6. PERMITTED USE: The premises shall be used exclusively for restaurant operations.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 156668 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is prohibited without written consent of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 30 days constitutes default
b) Penalty of 10% per month on late payments
c) LESSOR may terminate for material breach after 15 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Paranaque.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Francisco Torres Ana Lim
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
PARANAQUE) S.S.
BEFORE ME, a Notary Public, personally appeared:
Francisco Torres - CTC No. 96690951
Ana Lim - CTC No. 17940667
known to me to be the same persons who executed the foregoing instrument.
Doc. No. 887;
Page No. 21;
Book No. 42;
Series of 2022.
NOTARY PUBLIC | lease_agreement | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "valid_witnesses", "proper_notarization", "complete_documentation"] | [] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2018-02-07 in Makati, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Beatriz Ramos, Filipino, of legal age, residing at Makati (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Pilar Mercado, Filipino, of legal age, residing at Makati (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a bedspace located at Unit 566, Makati, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2018-02-07 and ending on 2019-02-07.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 21,610.00 (PHP 21,610.00), payable on or before the 10th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 21,610.00
b) Advance Rental: PHP 43,220.00 (2 month/s)
Total amount due upon signing: PHP 64,830.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Electricity
- Internet
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is allowed with prior written consent.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1439) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 60 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 30 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 8% of the monthly rental shall be charged for payments made after the due date.
12. CONDITION: This lease is subject to the LESSEE providing proof of employment and two valid IDs within 7 days from signing.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Makati.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2018-02-07.
Beatriz Ramos Pilar Mercado
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | The enforceability of this agreement depends on compliance with specified conditions. The parties have agreed that certain requirements must be completed before the contract takes full effect. These may include regulatory approvals, financial qualifications, or documentary submissions. The contract is valid but its implementation is suspended pending satisfaction of conditions. Both parties remain bound to cooperate in fulfilling these prerequisites. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["termination_rights", "maintenance_obligations", "mutual_consent", "dispute_resolution"] | ["incomplete_requirements", "conditional_effectiveness"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2020-08-22 in Legazpi, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Patricia Lim, with principal office/residence at Legazpi (hereinafter referred to as the LESSOR)
-AND-
Golden Corp, with principal office/residence at Legazpi (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a parking slots with a floor area of approximately 405 square meters, located at Legazpi;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 20 (20) years, commencing on 2020-08-22 and ending on 2040-08-17.
3. RENTAL RATE:
a) Monthly Rental: PHP 84,990.00
b) Security Deposit: PHP 254,970.00 (3 months)
c) Advance Rental: PHP 254,970.00 (3 months)
Total initial payment: PHP 509,940.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 15th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 15% every 2 years.
6. PERMITTED USE: The premises shall be used exclusively for manufacturing.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 144254 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is prohibited without written consent of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 15 days constitutes default
b) Penalty of 4% per month on late payments
c) LESSOR may terminate for material breach after 30 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. CONDITION PRECEDENT: This lease becomes effective only upon: (a) LESSEE obtaining business permit, (b) Payment of all initial fees, (c) Submission of Mayor's Permit and BIR registration.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Legazpi.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Patricia Lim Golden Corp
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
LEGAZPI) S.S.
BEFORE ME, a Notary Public, personally appeared:
Patricia Lim - CTC No. 77447155
Golden Corp - CTC No. 51738753
known to me to be the same persons who executed the foregoing instrument.
Doc. No. 806;
Page No. 25;
Book No. 41;
Series of 2020.
NOTARY PUBLIC | lease_agreement | The enforceability of this agreement depends on compliance with specified conditions. The parties have agreed that certain requirements must be completed before the contract takes full effect. These may include regulatory approvals, financial qualifications, or documentary submissions. The contract is valid but its implementation is suspended pending satisfaction of conditions. Both parties remain bound to cooperate in fulfilling these prerequisites. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["deposit_refund_terms", "termination_rights", "mutual_consent", "dispute_resolution"] | ["incomplete_requirements", "awaiting_approval"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2022-01-21 in Silay, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Salvador Soriano, with principal office/residence at Silay (hereinafter referred to as the LENDER)
-AND-
Global Trading, with principal office/residence at Silay (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of real estate acquisition;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 1,683,147.00 (PHP 1,683,147.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 12% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 36 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make bi-weekly payments of principal and interest. Payment shall be due on the 30th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 18 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 3% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by inventory and receivables.
9. CONDITION PRECEDENT: This agreement shall become effective only upon submission of the following: (a) Certificate of Employment, (b) ITR for the last 2 years, (c) Barangay Clearance, (d) Valid government ID.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Silay.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Salvador Soriano Global Trading
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
SILAY) S.S.
SUBSCRIBED AND SWORN to before me this 2022-01-21, affiants exhibiting their Community Tax Certificates as follows:
Salvador Soriano - CTC No. 22205980
Global Trading - CTC No. 78501420
Doc. No. 556;
Page No. 17;
Book No. 30;
Series of 2019.
NOTARY PUBLIC | loan_agreement | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "dispute_resolution", "definite_terms"] | ["subject_to_verification"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2022-10-02 in Taguig, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Royal Corp, with principal office/residence at Taguig (hereinafter referred to as the LENDER)
-AND-
Carlos Santos, with principal office/residence at Taguig (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of auto loan;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 230,632.00 (PHP 230,632.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 9% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 24 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make weekly payments of principal and interest. Payment shall be due on the 5th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 19 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 5% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This is an unsecured loan.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Taguig.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Royal Corp Carlos Santos
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
TAGUIG) S.S.
SUBSCRIBED AND SWORN to before me this 2022-10-02, affiants exhibiting their Community Tax Certificates as follows:
Royal Corp - CTC No. 61335545
Carlos Santos - CTC No. 70201634
Doc. No. 990;
Page No. 58;
Book No. 25;
Series of 2018.
NOTARY PUBLIC | loan_agreement | This is a valid and enforceable contract under the Civil Code of the Philippines. All parties have legal capacity and have voluntarily agreed to the terms. The contract serves a lawful purpose with adequate consideration. Required formalities have been observed including proper acknowledgment before a notary public. The terms are fair and comply with applicable laws and regulations. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["proper_venue", "jurisdiction_clause", "lawful_consideration", "valid_witnesses"] | [] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2022-04-03 in Iloilo City, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Patricia De Leon, with principal office/residence at Iloilo City (hereinafter referred to as the LESSOR)
-AND-
Metro Manufacturing, with principal office/residence at Iloilo City (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a warehouse with a floor area of approximately 146 square meters, located at Iloilo City;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 10 (10) years, commencing on 2022-04-03 and ending on 2032-03-31.
3. RENTAL RATE:
a) Monthly Rental: PHP 135,750.00
b) Security Deposit: PHP 407,250.00 (3 months)
c) Advance Rental: PHP 271,500.00 (2 months)
Total initial payment: PHP 678,750.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 5th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 5% every 2 years.
6. PERMITTED USE: The premises shall be used exclusively for clinic.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
d) LESSOR may require removal of all improvements at LESSEE's expense without compensation
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 54101 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is allowed with prior written approval of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 15 days constitutes default
b) Penalty of 4% per month on late payments
c) LESSOR may terminate for material breach after 15 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: LESSEE has the option to renew for another 10 years under mutually agreed terms, provided written notice is given 90 days before expiration.
15. SPECIAL PROVISION: The leased property is subject to a pending expropriation case by the LGU.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Iloilo City.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Patricia De Leon Metro Manufacturing
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | lease_agreement | This contract is void ab initio and produces no legal effect whatsoever. The agreement violates fundamental legal principles such as involving illegal subject matter, lacking essential elements, or being contrary to law or public policy. Neither party can enforce this contract in court. Any performance already rendered may be subject to restitution. The contract is treated as if it never existed from the beginning. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["lack_of_capacity", "usurious_interest", "one_sided_terms", "fraud_indicators"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2021-05-21 in La Trinidad, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
ABC Industries, with principal office/residence at La Trinidad (hereinafter referred to as the LENDER)
-AND-
United Ventures, with principal office/residence at La Trinidad (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of education;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 24,833,927.00 (PHP 24,833,927.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 9% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 18 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make bi-weekly payments of principal and interest. Payment shall be due on the 30th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 16 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 4% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by chattel mortgage.
9. CONDITION PRECEDENT: This agreement shall become effective only upon submission of the following: (a) Certificate of Employment, (b) ITR for the last 2 years, (c) Barangay Clearance, (d) Valid government ID.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of La Trinidad.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
ABC Industries United Ventures
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
LA TRINIDAD) S.S.
SUBSCRIBED AND SWORN to before me this 2021-05-21, affiants exhibiting their Community Tax Certificates as follows:
ABC Industries - CTC No. 61157708
United Ventures - CTC No. 80392240
Doc. No. 426;
Page No. 99;
Book No. 27;
Series of 2021.
NOTARY PUBLIC | loan_agreement | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "mutual_consent", "definite_terms"] | ["subject_to_verification", "awaiting_approval"] |
TRANSPORTATION AGREEMENT
This Transportation Agreement is entered into on 2020-09-21 in Legazpi, Philippines.
BETWEEN:
Felicidad Flores, with principal office/residence at Legazpi (hereinafter referred to as the FIRST PARTY)
-AND-
Dolores Gutierrez, with principal office/residence at Legazpi (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in business operations;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide products;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall supply materials as specified.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 15,306,326.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by both parties jointly.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Legazpi.
IN WITNESS WHEREOF, the parties have executed this agreement on 2020-09-21.
Felicidad Flores Dolores Gutierrez
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
LEGAZPI) S.S.
SUBSCRIBED AND SWORN to before me on 2020-09-21.
Doc. No. 140;
Page No. 19;
Book No. 13;
Series of 2024.
NOTARY PUBLIC | not_scoped_contract | This is a valid and enforceable contract under the Civil Code of the Philippines. All parties have legal capacity and have voluntarily agreed to the terms. The contract serves a lawful purpose with adequate consideration. Required formalities have been observed including proper acknowledgment before a notary public. The terms are fair and comply with applicable laws and regulations. This Transportation Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["complete_documentation", "proper_venue", "proper_notarization", "jurisdiction_clause"] | [] |
CONSTRUCTION CONTRACT
This Construction Contract is entered into on 2024-03-11 in La Trinidad, Philippines.
BETWEEN:
Golden Holdings, with principal office/residence at La Trinidad (hereinafter referred to as the FIRST PARTY)
-AND-
United Solutions, with principal office/residence at La Trinidad (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in commercial activities;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide professional assistance;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall distribute equipment as specified.
2. TERM: This agreement shall be effective for 6 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 5,193,222.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 60 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. SPECIAL PROVISION: This agreement is executed without notarization as agreed by both parties.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be La Trinidad.
IN WITNESS WHEREOF, the parties have executed this agreement on 2024-03-11.
Golden Holdings United Solutions
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________ | not_scoped_contract | This contract suffers from defects that make it unenforceable in its current form. The primary issue is lack of proper formalities required by law, such as notarization for contracts involving significant amounts or real property. While the parties may have genuine intent, the contract cannot be enforced in court without ratification or reformation. The defects are curable through proper execution of required formalities. This Construction Contract creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["lawful_consideration", "mutual_consent"] | ["missing_signature", "procedural_defect"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2024-05-22 in Albay, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
ABC International, with principal office/residence at Albay (hereinafter referred to as the LESSOR)
-AND-
Ramon Flores, with principal office/residence at Albay (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a warehouse with a floor area of approximately 275 square meters, located at Albay;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 10 (10) years, commencing on 2024-05-22 and ending on 2034-05-20.
3. RENTAL RATE:
a) Monthly Rental: PHP 159,347.00
b) Security Deposit: PHP 956,082.00 (6 months)
c) Advance Rental: PHP 956,082.00 (6 months)
Total initial payment: PHP 1,912,164.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 10th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 12% every 5 years.
6. PERMITTED USE: The premises shall be used exclusively for salon/spa.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 170803 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is allowed with prior written approval of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 30 days constitutes default
b) Penalty of 5% per month on late payments
c) LESSOR may terminate for material breach after 15 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Albay.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
ABC International Ramon Flores
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
ALBAY) S.S.
BEFORE ME, a Notary Public, personally appeared:
ABC International - CTC No. 82764376
Ramon Flores - CTC No. 96142207
known to me to be the same persons who executed the foregoing instrument.
Doc. No. 160;
Page No. 77;
Book No. 3;
Series of 2024.
NOTARY PUBLIC | lease_agreement | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["jurisdiction_clause", "clear_payment_terms", "deposit_refund_terms", "proper_notarization"] | [] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2022-03-09 in Danao, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Luz Santos, Filipino, of legal age, residing at Danao (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Sofia Hernandez, Filipino, of legal age, residing at Danao (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a apartment unit located at Barangay San Jose, Danao, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2022-03-09 and ending on 2022-09-05.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 23,245.00 (PHP 23,245.00), payable on or before the 5th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 46,490.00
b) Advance Rental: PHP 69,735.00 (3 month/s)
Total amount due upon signing: PHP 116,225.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Internet
- Association Dues
- Electricity
- Water
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 867) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 2 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
d) LESSOR may terminate without cause with only 7 days notice
10. DEPOSIT REFUND: Security deposit shall be refunded within 30 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 6% of the monthly rental shall be charged for payments made after the due date.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Danao.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2022-03-09.
Luz Santos Sofia Hernandez
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract can be rescinded due to lesion or fraud on creditors. The terms may be unconscionable or the consideration grossly disproportionate to the value received. Rescission aims to restore the parties to their status before the contract. However, this remedy is subsidiary and can only be pursued if no other legal remedy exists. The right to rescind must be exercised within the prescriptive period and before the object passes to innocent third parties. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. CAUTION: The disadvantaged party may seek rescission if the economic injury is substantial and no other remedy is available. Fair market value should be verified independently. | rescissible | ["valid_witnesses", "mutual_consent"] | ["unconscionable_terms", "one_sided_terms", "unfair_forfeiture", "excessive_penalties"] |
CONSULTANCY AGREEMENT
This Consultancy Agreement is entered into on 2022-04-03 in Naga, Philippines.
BETWEEN:
Royal Group, with principal office/residence at Naga (hereinafter referred to as the FIRST PARTY)
-AND-
Josefa Mendoza, with principal office/residence at Naga (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in business operations;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide technical support;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide support services as detailed in Annex A.
2. TERM: This agreement shall be effective for 24 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 247,745.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 30 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by both parties jointly.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Naga.
IN WITNESS WHEREOF, the parties have executed this agreement on 2022-04-03.
Royal Group Josefa Mendoza
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
NAGA) S.S.
SUBSCRIBED AND SWORN to before me on 2022-04-03.
Doc. No. 143;
Page No. 39;
Book No. 14;
Series of 2024.
NOTARY PUBLIC | not_scoped_contract | This is a valid and enforceable contract under the Civil Code of the Philippines. All parties have legal capacity and have voluntarily agreed to the terms. The contract serves a lawful purpose with adequate consideration. Required formalities have been observed including proper acknowledgment before a notary public. The terms are fair and comply with applicable laws and regulations. This Consultancy Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "proper_venue", "mutual_consent", "definite_terms"] | [] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2020-01-05 in Makati, Philippines.
BETWEEN:
Teresa Manalo, Filipino, of legal age, single/married, residing at Makati (hereinafter referred to as the VENDOR)
-AND-
Enrique Lim, Filipino, of legal age, single/married, residing at Makati (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (apartment unit) located at Makati, covered by CCT-270341, with Tax Declaration No. TD-2022-41519, containing an area of 89 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 1,159,522.00 (PHP 1,159,522.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 1,159,522.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
This sale is executed without notarization due to unavailability of notary public in the area.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2020-01-05 in Makati, Philippines.
Teresa Manalo Enrique Lim
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | deed_of_sale | The contract is unenforceable because it fails to meet statutory requirements for form or procedure. This may include absence of notarization when required, lack of written authorization for agents, or missing signatures. The substantive terms may be valid, but technical defects prevent court enforcement. The parties can cure these defects by executing a new contract with proper formalities or ratifying the existing agreement. The deed of sale transfers ownership of apartment unit for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["mutual_consent", "lawful_consideration"] | ["no_notarization", "formality_not_observed", "missing_signature", "tax_evasion_risk"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2021-10-27 in Cavite City, Philippines.
BETWEEN:
Ana Torres, Filipino, of legal age, single/married, residing at Cavite City (hereinafter referred to as the VENDOR)
-AND-
Rosario Castillo, Filipino, of legal age, single/married, residing at Cavite City (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (residential lot) located at Cavite City, covered by CCT-921609, with Tax Declaration No. TD-2021-74304, containing an area of 374 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 6,996,327.00 (PHP 6,996,327.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 6,996,327.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
The property is subject to a court order prohibiting its sale. The VENDOR acknowledges selling property belonging to the conjugal partnership without spousal consent.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2021-10-27 in Cavite City, Philippines.
Ana Torres Rosario Castillo
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | deed_of_sale | This contract is void ab initio and produces no legal effect whatsoever. The agreement violates fundamental legal principles such as involving illegal subject matter, lacking essential elements, or being contrary to law or public policy. Neither party can enforce this contract in court. Any performance already rendered may be subject to restitution. The contract is treated as if it never existed from the beginning. The deed of sale transfers ownership of residential lot for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["simulated_contract", "illegal_purpose", "prohibited_transaction", "usurious_interest"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2018-10-29 in Pangasinan, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Rosa Lee, Filipino, of legal age, residing at Pangasinan (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Esperanza Mercado, Filipino, of legal age, residing at Pangasinan (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a apartment unit located at Barangay Bagong Silang, Pangasinan, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2018-10-29 and ending on 2019-10-29.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 11,780.00 (PHP 11,780.00), payable on or before the 10th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 11,780.00
b) Advance Rental: PHP 23,560.00 (2 month/s)
Total amount due upon signing: PHP 35,340.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Electricity
- Association Dues
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1410) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 3 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 60 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 30 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 4% of the monthly rental shall be charged for payments made after the due date.
12. SPECIAL PROVISION: The LESSEE is 16 years old and represents having parental consent.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Pangasinan.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2018-10-29.
Rosa Lee Esperanza Mercado
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This agreement is valid but may be annulled by the party whose consent was vitiated or who lacked capacity at the time of execution. Grounds for annulment include minority, insanity, fraud, violence, intimidation, or undue influence. The contract remains effective unless and until the entitled party exercises the right to annul within the prescriptive period. Ratification by the injured party makes the contract fully enforceable. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTICE: The affected party should seek legal advice regarding the right to annul this contract. Ratification must be done knowingly and voluntarily after the vice is removed. | voidable | ["proper_notarization", "definite_terms"] | ["minor_party", "concealment_of_facts", "automatic_renewal_trap"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2024-04-10 in Marawi, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
United Ventures, with principal office/residence at Marawi (hereinafter referred to as the LESSOR)
-AND-
Maria Mercado, with principal office/residence at Marawi (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a warehouse with a floor area of approximately 312 square meters, located at Marawi;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 15 (15) years, commencing on 2024-04-10 and ending on 2039-04-07.
3. RENTAL RATE:
a) Monthly Rental: PHP 151,604.00
b) Security Deposit: PHP 303,208.00 (2 months)
c) Advance Rental: PHP 909,624.00 (6 months)
Total initial payment: PHP 1,212,832.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 5th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 7% every 3 years or at the sole discretion of the LESSOR, whichever is higher.
6. PERMITTED USE: The premises shall be used exclusively for manufacturing.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 120361 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is prohibited without written consent of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 15 days constitutes default
b) Penalty of 5% per month on late payments
c) LESSOR may terminate for material breach after 30 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Marawi.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
United Ventures Maria Mercado
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MARAWI) S.S.
BEFORE ME, a Notary Public, personally appeared:
United Ventures - CTC No. 74992426
Maria Mercado - CTC No. 20324210
known to me to be the same persons who executed the foregoing instrument.
Doc. No. 469;
Page No. 42;
Book No. 16;
Series of 2023.
NOTARY PUBLIC | lease_agreement | This contract can be rescinded due to lesion or fraud on creditors. The terms may be unconscionable or the consideration grossly disproportionate to the value received. Rescission aims to restore the parties to their status before the contract. However, this remedy is subsidiary and can only be pursued if no other legal remedy exists. The right to rescind must be exercised within the prescriptive period and before the object passes to innocent third parties. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. CAUTION: The disadvantaged party may seek rescission if the economic injury is substantial and no other remedy is available. Fair market value should be verified independently. | rescissible | ["proper_notarization", "mutual_consent"] | ["unconscionable_terms", "unfair_forfeiture", "financial_distress_exploitation"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2024-10-06 in Bataan, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
United Realty Corp, with principal office/residence at Bataan (hereinafter referred to as the LENDER)
-AND-
Asian Industries, with principal office/residence at Bataan (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of equipment purchase;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 921,216.00 (PHP 921,216.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 17% per annum, computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 18 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make quarterly payments of principal and interest. Payment shall be due on the 15th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 27 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 4% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by inventory and receivables.
9. CONDITION PRECEDENT: This agreement shall become effective only upon submission of the following: (a) Certificate of Employment, (b) ITR for the last 2 years, (c) Barangay Clearance, (d) Valid government ID.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Bataan.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
United Realty Corp Asian Industries
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
BATAAN) S.S.
SUBSCRIBED AND SWORN to before me this 2024-10-06, affiants exhibiting their Community Tax Certificates as follows:
United Realty Corp - CTC No. 58991556
Asian Industries - CTC No. 25285764
Doc. No. 677;
Page No. 35;
Book No. 38;
Series of 2022.
NOTARY PUBLIC | loan_agreement | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "definite_terms", "dispute_resolution"] | ["incomplete_requirements"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2019-09-24 in Pagadian, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Supreme Construction, with principal office/residence at Pagadian (hereinafter referred to as the LESSOR)
-AND-
Metro Group, with principal office/residence at Pagadian (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a kiosk space with a floor area of approximately 424 square meters, located at Pagadian;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 20 (20) years, commencing on 2019-09-24 and ending on 2039-09-19.
3. RENTAL RATE:
a) Monthly Rental: PHP 113,825.00
b) Security Deposit: PHP 227,650.00 (2 months)
c) Advance Rental: PHP 341,475.00 (3 months)
Total initial payment: PHP 569,125.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 10th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 15% every 3 years.
6. PERMITTED USE: The premises shall be used exclusively for clinic.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 192513 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is allowed with prior written approval of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 30 days constitutes default
b) Penalty of 4% per month on late payments
c) LESSOR may terminate for material breach after 15 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 60 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: LESSEE has the option to renew for another 5 years under mutually agreed terms, provided written notice is given 90 days before expiration.
15. SPECIAL PROVISION: This lease agreement is executed as a private document without notarization.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Pagadian.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Supreme Construction Metro Group
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | lease_agreement | The contract is unenforceable because it fails to meet statutory requirements for form or procedure. This may include absence of notarization when required, lack of written authorization for agents, or missing signatures. The substantive terms may be valid, but technical defects prevent court enforcement. The parties can cure these defects by executing a new contract with proper formalities or ratifying the existing agreement. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["lawful_consideration"] | ["unfair_forfeiture", "unsigned_witnesses", "no_notarization", "lack_of_written_authority"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2024-04-04 in Talisay, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Pedro Domingo, Filipino, of legal age, residing at Talisay (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Miguel Hernandez, Filipino, of legal age, residing at Talisay (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a boarding house room located at Unit 501, Talisay, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2024-04-04 and ending on 2025-04-04.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 21,849.00 (PHP 21,849.00), payable on or before the 5th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 21,849.00
b) Advance Rental: PHP 43,698.00 (2 month/s)
Total amount due upon signing: PHP 65,547.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Electricity
- Internet
- Water
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 675) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 2 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 30 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 45 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 8% of the monthly rental shall be charged for payments made after the due date.
12. SPECIAL PROVISION: This agreement is executed without notarization as a private contract between the parties.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Talisay.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2024-04-04.
Pedro Domingo Miguel Hernandez
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This agreement is unenforceable due to non-compliance with legal formalities. The contract may lack required written form, proper authorization, or necessary acknowledgment. These are procedural defects that prevent judicial enforcement. However, the parties may voluntarily comply with the terms. To make it enforceable, the contract must be ratified with proper formalities or reformed to meet legal requirements. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["lawful_consideration"] | ["unsigned_witnesses", "no_notarization", "lack_of_written_authority", "excessive_penalties"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2019-03-24 in Rizal, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Arturo Sy, with principal office/residence at Rizal (hereinafter referred to as the LENDER)
-AND-
Gloria Cruz, with principal office/residence at Rizal (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of inventory financing;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 844,675.00 (PHP 844,675.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 40% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 12 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make quarterly payments of principal and interest. Payment shall be due on the 5th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 27 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 3% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This is an unsecured loan.
9. SPECIAL PROVISION: This agreement is executed as a private document without notarization as agreed by both parties.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Rizal.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Arturo Sy Gloria Cruz
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | loan_agreement | The contract is unenforceable because it fails to meet statutory requirements for form or procedure. This may include absence of notarization when required, lack of written authorization for agents, or missing signatures. The substantive terms may be valid, but technical defects prevent court enforcement. The parties can cure these defects by executing a new contract with proper formalities or ratifying the existing agreement. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "mutual_consent"] | ["procedural_defect", "unfair_forfeiture", "lack_of_written_authority"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2021-02-14 in San Fernando, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Fernando Santos, Filipino, of legal age, residing at San Fernando (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Felicidad Fernandez, Filipino, of legal age, residing at San Fernando (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a apartment unit located at Unit 475, San Fernando, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2021-02-14 and ending on 2022-02-14.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 21,918.00 (PHP 21,918.00), payable on or before the 5th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 21,918.00
b) Advance Rental: PHP 65,754.00 (3 month/s)
Total amount due upon signing: PHP 87,672.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Cable Tv
- Internet
- Association Dues
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1303) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 30 days
c) LESSOR may terminate for violation of house rules after written warning
d) LESSOR may terminate without cause with only 7 days notice
10. DEPOSIT REFUND: Security deposit shall be refunded within 45 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 10% of the monthly rental shall be charged for payments made after the due date.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be San Fernando.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2021-02-14.
Fernando Santos Felicidad Fernandez
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract can be rescinded due to lesion or fraud on creditors. The terms may be unconscionable or the consideration grossly disproportionate to the value received. Rescission aims to restore the parties to their status before the contract. However, this remedy is subsidiary and can only be pursued if no other legal remedy exists. The right to rescind must be exercised within the prescriptive period and before the object passes to innocent third parties. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. CAUTION: The disadvantaged party may seek rescission if the economic injury is substantial and no other remedy is available. Fair market value should be verified independently. | rescissible | ["mutual_consent"] | ["unconscionable_terms", "automatic_renewal_trap", "grossly_inadequate_price", "financial_distress_exploitation"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2024-09-08 in Cebu City, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Carmen Villanueva, with principal office/residence at Cebu City (hereinafter referred to as the LENDER)
-AND-
Prime Technologies, with principal office/residence at Cebu City (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of working capital;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 1,705,455.00 (PHP 1,705,455.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 13% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 48 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make bi-weekly payments of principal and interest. Payment shall be due on the 15th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 19 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 3% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This is an unsecured loan.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Cebu City.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Carmen Villanueva Prime Technologies
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CEBU CITY) S.S.
SUBSCRIBED AND SWORN to before me this 2024-09-08, affiants exhibiting their Community Tax Certificates as follows:
Carmen Villanueva - CTC No. 70532325
Prime Technologies - CTC No. 93135800
Doc. No. 154;
Page No. 55;
Book No. 1;
Series of 2021.
NOTARY PUBLIC | loan_agreement | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "proper_venue", "definite_terms"] | [] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2018-12-05 in Malolos, Philippines.
BETWEEN:
Luis Chua, Filipino, of legal age, single/married, residing at Malolos (hereinafter referred to as the VENDOR)
-AND-
Jorge Romero, Filipino, of legal age, single/married, residing at Malolos (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (residential lot) located at Malolos, covered by TCT-663723, with Tax Declaration No. TD-2020-32047, containing an area of 190 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 8,676,332.00 (PHP 8,676,332.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 8,676,332.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2018-12-05 in Malolos, Philippines.
Luis Chua Jorge Romero
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MALOLOS) S.S.
BEFORE ME, a Notary Public for and in Malolos, personally appeared:
Luis Chua - CTC No. 71380637 issued at Malolos
Jorge Romero - CTC No. 85920319 issued at Malolos
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 860;
Page No. 73;
Book No. 36;
Series of 2022.
NOTARY PUBLIC | deed_of_sale | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The deed of sale transfers ownership of residential lot for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["proper_venue", "mutual_consent", "proper_notarization", "registered_property"] | [] |
LOAN AGREEMENT
This Loan Agreement is executed on 2023-01-17 in Makati, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Philippine Solutions, with principal office/residence at Makati (hereinafter referred to as the LENDER)
-AND-
Global Group, with principal office/residence at Makati (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of auto loan;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 15,837,330.00 (PHP 15,837,330.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 15% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 60 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make bi-weekly payments of principal and interest. Payment shall be due on the 30th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 20 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 3% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by motor vehicle.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Makati.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Philippine Solutions Global Group
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MAKATI) S.S.
SUBSCRIBED AND SWORN to before me this 2023-01-17, affiants exhibiting their Community Tax Certificates as follows:
Philippine Solutions - CTC No. 17966873
Global Group - CTC No. 86514083
Doc. No. 459;
Page No. 78;
Book No. 18;
Series of 2022.
NOTARY PUBLIC | loan_agreement | This is a valid and enforceable contract under the Civil Code of the Philippines. All parties have legal capacity and have voluntarily agreed to the terms. The contract serves a lawful purpose with adequate consideration. Required formalities have been observed including proper acknowledgment before a notary public. The terms are fair and comply with applicable laws and regulations. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["mutual_consent", "clear_payment_terms", "lawful_consideration"] | [] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2018-08-31 in Iriga, Philippines.
BETWEEN:
Rafael Tan, Filipino, of legal age, single/married, residing at Iriga (hereinafter referred to as the VENDOR)
-AND-
Pedro Gonzales, Filipino, of legal age, single/married, residing at Iriga (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (condominium unit) located at Iriga, covered by TCT-898462, with Tax Declaration No. TD-2024-98635, containing an area of 414 square meters, with a floor area of 204 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 1,875,514.00 (PHP 1,875,514.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 1,875,514.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
The property is subject to a court order prohibiting its sale. The VENDOR acknowledges selling property belonging to the conjugal partnership without spousal consent.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2018-08-31 in Iriga, Philippines.
Rafael Tan Pedro Gonzales
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | deed_of_sale | This agreement is absolutely void and cannot be ratified or cured. The contract suffers from fatal defects such as illegal purpose, absence of consent, or violation of mandatory legal provisions. Examples include usurious interest rates exceeding legal limits, contracts entered into by persons without legal capacity, or agreements involving prohibited transactions. The contract has no legal standing and cannot create obligations. The deed of sale transfers ownership of condominium unit for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["illegal_purpose", "prohibited_transaction", "usurious_interest", "invalid_collateral"] |
RETAINER AGREEMENT
This Retainer Agreement is entered into on 2021-09-02 in Dumaguete, Philippines.
BETWEEN:
Global Trading, with principal office/residence at Dumaguete (hereinafter referred to as the FIRST PARTY)
-AND-
Metro Development Corp, with principal office/residence at Dumaguete (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in commercial activities;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide services;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall distribute products as specified.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 16,250,630.00, payable in monthly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 60 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONDITION: This agreement becomes effective upon submission of required permits and licenses.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Dumaguete.
IN WITNESS WHEREOF, the parties have executed this agreement on 2021-09-02.
Global Trading Metro Development Corp
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
DUMAGUETE) S.S.
SUBSCRIBED AND SWORN to before me on 2021-09-02.
Doc. No. 430;
Page No. 46;
Book No. 22;
Series of 2022.
NOTARY PUBLIC | not_scoped_contract | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. This Retainer Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["dispute_resolution"] | ["pending_document_submission", "conditional_effectiveness"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2019-05-24 in Caloocan, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Juan Torres, Filipino, of legal age, residing at Caloocan (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Alfredo Salazar, Filipino, of legal age, residing at Caloocan (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a studio unit located at Barangay San Jose, Caloocan, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2019-05-24 and ending on 2019-11-20.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 17,460.00 (PHP 17,460.00), payable on or before the 10th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 34,920.00
b) Advance Rental: PHP 17,460.00 (1 month/s)
Total amount due upon signing: PHP 52,380.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Internet
- Association Dues
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is allowed with prior written consent.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1860) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 45 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 7% of the monthly rental shall be charged for payments made after the due date.
12. CONDITION: This lease is subject to the LESSEE providing proof of employment and two valid IDs within 7 days from signing.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Caloocan.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2019-05-24.
Juan Torres Alfredo Salazar
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "maintenance_obligations", "mutual_consent", "definite_terms"] | ["pending_document_submission"] |
NON-DISCLOSURE AGREEMENT
This Non-Disclosure Agreement is entered into on 2019-06-26 in Mandaue, Philippines.
BETWEEN:
Prime Group, with principal office/residence at Mandaue (hereinafter referred to as the FIRST PARTY)
-AND-
Maria Santos, with principal office/residence at Mandaue (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in business operations;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide professional assistance;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The parties agree to maintain confidentiality of proprietary information exchanged during their business relationship.
2. TERM: This agreement shall be effective for 24 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 300,452.00, payable in quarterly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 30 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Mandaue.
IN WITNESS WHEREOF, the parties have executed this agreement on 2019-06-26.
Prime Group Maria Santos
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MANDAUE) S.S.
SUBSCRIBED AND SWORN to before me on 2019-06-26.
Doc. No. 892;
Page No. 27;
Book No. 42;
Series of 2023.
NOTARY PUBLIC | not_scoped_contract | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. This Non-Disclosure Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "jurisdiction_clause"] | [] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2019-09-13 in Mabalacat, Philippines.
BETWEEN:
Manuel Medina, Filipino, of legal age, single/married, residing at Mabalacat (hereinafter referred to as the VENDOR)
-AND-
Eduardo Ong, Filipino, of legal age, single/married, residing at Mabalacat (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (house and lot) located at Mabalacat, covered by TCT-718213, with Tax Declaration No. TD-2023-60335, containing an area of 101 square meters, with a floor area of 111 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 1,792,005.00 (PHP 1,792,005.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 1,792,005.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2019-09-13 in Mabalacat, Philippines.
Manuel Medina Eduardo Ong
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MABALACAT) S.S.
BEFORE ME, a Notary Public for and in Mabalacat, personally appeared:
Manuel Medina - CTC No. 57182314 issued at Mabalacat
Eduardo Ong - CTC No. 67631581 issued at Mabalacat
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 422;
Page No. 27;
Book No. 16;
Series of 2020.
NOTARY PUBLIC | deed_of_sale | This is a valid and enforceable contract under the Civil Code of the Philippines. All parties have legal capacity and have voluntarily agreed to the terms. The contract serves a lawful purpose with adequate consideration. Required formalities have been observed including proper acknowledgment before a notary public. The terms are fair and comply with applicable laws and regulations. The deed of sale transfers ownership of house and lot for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["registered_property", "complete_documentation", "mutual_consent"] | ["typographical_error"] |
COMMISSION AGREEMENT
This Commission Agreement is entered into on 2019-04-07 in Legazpi, Philippines.
BETWEEN:
National Solutions, with principal office/residence at Legazpi (hereinafter referred to as the FIRST PARTY)
-AND-
ABC Group, with principal office/residence at Legazpi (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in business operations;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide professional assistance;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide products as specified.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 176,396.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 60 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. SPECIAL PROVISION: The SECOND PARTY's authority to enter this agreement is subject to board approval.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Legazpi.
IN WITNESS WHEREOF, the parties have executed this agreement on 2019-04-07.
National Solutions ABC Group
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
LEGAZPI) S.S.
SUBSCRIBED AND SWORN to before me on 2019-04-07.
Doc. No. 659;
Page No. 97;
Book No. 12;
Series of 2024.
NOTARY PUBLIC | not_scoped_contract | This agreement is valid but may be annulled by the party whose consent was vitiated or who lacked capacity at the time of execution. Grounds for annulment include minority, insanity, fraud, violence, intimidation, or undue influence. The contract remains effective unless and until the entitled party exercises the right to annul within the prescriptive period. Ratification by the injured party makes the contract fully enforceable. This Commission Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTICE: The affected party should seek legal advice regarding the right to annul this contract. Ratification must be done knowingly and voluntarily after the vice is removed. | voidable | ["clear_payment_terms"] | ["vitiated_consent", "minor_party"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2021-03-19 in Bacolod, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Sofia Cruz, Filipino, of legal age, residing at Bacolod (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Ana Navarro, Filipino, of legal age, residing at Bacolod (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a boarding house room located at Barangay San Jose, Bacolod, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2021-03-19 and ending on 2021-09-15.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 16,612.00 (PHP 16,612.00), payable on or before the 10th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 33,224.00
b) Advance Rental: PHP 49,836.00 (3 month/s)
Total amount due upon signing: PHP 83,060.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Association Dues
- Water
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 818) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 60 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 30 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 60 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 4% of the monthly rental shall be charged for payments made after the due date.
12. SPECIAL PROVISION: This agreement is executed without notarization as a private contract between the parties.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Bacolod.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2021-03-19.
Sofia Cruz Ana Navarro
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This agreement is unenforceable due to non-compliance with legal formalities. The contract may lack required written form, proper authorization, or necessary acknowledgment. These are procedural defects that prevent judicial enforcement. However, the parties may voluntarily comply with the terms. To make it enforceable, the contract must be ratified with proper formalities or reformed to meet legal requirements. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "lawful_consideration"] | ["missing_signature", "no_notarization", "excessive_penalties"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2019-07-17 in Manila, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
United Enterprises, with principal office/residence at Manila (hereinafter referred to as the LENDER)
-AND-
Ernesto Go, with principal office/residence at Manila (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of inventory financing;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 3,374,327.00 (PHP 3,374,327.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 16% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 36 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make bi-weekly payments of principal and interest. Payment shall be due on the 5th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 23 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 2% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by real property covered by TCT.
9. CONDITION PRECEDENT: This agreement shall become effective only upon submission of the following: (a) Certificate of Employment, (b) ITR for the last 2 years, (c) Barangay Clearance, (d) Valid government ID.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Manila.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
United Enterprises Ernesto Go
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MANILA) S.S.
SUBSCRIBED AND SWORN to before me this 2019-07-17, affiants exhibiting their Community Tax Certificates as follows:
United Enterprises - CTC No. 54964418
Ernesto Go - CTC No. 67622968
Doc. No. 378;
Page No. 77;
Book No. 5;
Series of 2020.
NOTARY PUBLIC | loan_agreement | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "bsp_compliant_interest", "termination_rights", "definite_terms"] | ["conditional_effectiveness", "subject_to_verification"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2020-11-10 in Bulacan, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Beatriz Alvarez, Filipino, of legal age, residing at Bulacan (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Manuel Soriano, Filipino, of legal age, residing at Bulacan (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a apartment unit located at Barangay Bagong Silang, Bulacan, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2020-11-10 and ending on 2021-05-09.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 21,805.00 (PHP 21,805.00), payable on or before the 7th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 21,805.00
b) Advance Rental: PHP 21,805.00 (1 month/s)
Total amount due upon signing: PHP 43,610.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Cable Tv
- Internet
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 807) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 2 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 30 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 30 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 8% of the monthly rental shall be charged for payments made after the due date.
12. SPECIAL PROVISION: This agreement is executed without notarization as a private contract between the parties.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Bulacan.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2020-11-10.
Beatriz Alvarez Manuel Soriano
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract suffers from defects that make it unenforceable in its current form. The primary issue is lack of proper formalities required by law, such as notarization for contracts involving significant amounts or real property. While the parties may have genuine intent, the contract cannot be enforced in court without ratification or reformation. The defects are curable through proper execution of required formalities. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["mutual_consent", "lawful_consideration"] | ["unfair_forfeiture", "procedural_defect", "unsigned_witnesses", "no_notarization"] |
TRANSPORTATION AGREEMENT
This Transportation Agreement is entered into on 2021-06-26 in Gapan, Philippines.
BETWEEN:
Rafael Tan, with principal office/residence at Gapan (hereinafter referred to as the FIRST PARTY)
-AND-
Asian Trading, with principal office/residence at Gapan (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in professional services;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide professional assistance;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide products as specified.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 221,599.00, payable in quarterly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Gapan.
IN WITNESS WHEREOF, the parties have executed this agreement on 2021-06-26.
Rafael Tan Asian Trading
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
GAPAN) S.S.
SUBSCRIBED AND SWORN to before me on 2021-06-26.
Doc. No. 891;
Page No. 35;
Book No. 47;
Series of 2022.
NOTARY PUBLIC | not_scoped_contract | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. This Transportation Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "definite_terms"] | [] |
EMPLOYMENT CONTRACT
This Employment Contract is entered into on 2020-04-20 in Laguna, Philippines.
BETWEEN:
Global Corp, with principal office/residence at Laguna (hereinafter referred to as the FIRST PARTY)
-AND-
Global Realty Corp, with principal office/residence at Laguna (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in commercial activities;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide services;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY is hired as Sales Manager with duties and responsibilities as outlined.
2. TERM: This agreement shall be effective for 12 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Monthly salary of PHP 137,609.00 plus benefits as per company policy.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
d) Devote full time and attention to duties
e) Not engage in competing business
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
d) FIRST PARTY may terminate without cause and without notice at any time
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Laguna.
IN WITNESS WHEREOF, the parties have executed this agreement on 2020-04-20.
Global Corp Global Realty Corp
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
LAGUNA) S.S.
SUBSCRIBED AND SWORN to before me on 2020-04-20.
Doc. No. 817;
Page No. 57;
Book No. 30;
Series of 2023.
NOTARY PUBLIC | not_scoped_contract | This contract is void ab initio and produces no legal effect whatsoever. The agreement violates fundamental legal principles such as involving illegal subject matter, lacking essential elements, or being contrary to law or public policy. Neither party can enforce this contract in court. Any performance already rendered may be subject to restitution. The contract is treated as if it never existed from the beginning. This Employment Contract creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["usurious_interest", "simulated_contract", "illegal_purpose"] |
DISTRIBUTION AGREEMENT
This Distribution Agreement is entered into on 2022-05-29 in Subic, Philippines.
BETWEEN:
United Enterprises, with principal office/residence at Subic (hereinafter referred to as the FIRST PARTY)
-AND-
Golden Philippines Inc, with principal office/residence at Subic (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in business operations;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide products;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall deliver goods as specified.
2. TERM: This agreement shall be effective for 12 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 4,668,061.00, payable in monthly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 30 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. SPECIAL PROVISION: The compensation is subject to unilateral adjustment by FIRST PARTY.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Subic.
IN WITNESS WHEREOF, the parties have executed this agreement on 2022-05-29.
United Enterprises Golden Philippines Inc
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
SUBIC) S.S.
SUBSCRIBED AND SWORN to before me on 2022-05-29.
Doc. No. 577;
Page No. 50;
Book No. 27;
Series of 2018.
NOTARY PUBLIC | not_scoped_contract | This contract can be rescinded due to lesion or fraud on creditors. The terms may be unconscionable or the consideration grossly disproportionate to the value received. Rescission aims to restore the parties to their status before the contract. However, this remedy is subsidiary and can only be pursued if no other legal remedy exists. The right to rescind must be exercised within the prescriptive period and before the object passes to innocent third parties. This Distribution Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. CAUTION: The disadvantaged party may seek rescission if the economic injury is substantial and no other remedy is available. Fair market value should be verified independently. | rescissible | ["valid_witnesses", "proper_notarization"] | ["lesion_beyond_one_fourth", "financial_distress_exploitation", "unfair_forfeiture"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2024-10-07 in Malaybalay, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Rosa Rivera, Filipino, of legal age, residing at Malaybalay (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Josefa Santiago, Filipino, of legal age, residing at Malaybalay (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a apartment unit located at Barangay San Antonio, Malaybalay, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2024-10-07 and ending on 2025-10-07.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 10,045.00 (PHP 10,045.00), payable on or before the 5th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 20,090.00
b) Advance Rental: PHP 10,045.00 (1 month/s)
Total amount due upon signing: PHP 30,135.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Internet
- Association Dues
- Electricity
- Cable Tv
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1426) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
d) LESSOR may terminate without cause with only 7 days notice
10. DEPOSIT REFUND: Security deposit shall be refunded within 45 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 4% of the monthly rental shall be charged for payments made after the due date.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Malaybalay.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2024-10-07.
Rosa Rivera Josefa Santiago
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract is valid but may be rescinded due to economic prejudice to one party or creditors. The agreement may involve lesion or damage exceeding one-fourth of the value, or may have been entered into in fraud of creditors. The injured party can seek judicial rescission to restore the parties to their original positions. Rescission is a remedy of last resort when no other legal remedy is available. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. CAUTION: The disadvantaged party may seek rescission if the economic injury is substantial and no other remedy is available. Fair market value should be verified independently. | rescissible | ["proper_notarization"] | ["unconscionable_terms", "one_sided_terms"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2019-01-12 in Santa Rosa, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Global Trading, with principal office/residence at Santa Rosa (hereinafter referred to as the LENDER)
-AND-
XYZ Solutions, with principal office/residence at Santa Rosa (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of business capital;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 12,865,301.00 (PHP 12,865,301.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 59% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 12 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make quarterly payments of principal and interest. Payment shall be due on the 30th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 15 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 5% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by motor vehicle.
9. SPECIAL PROVISION: This agreement is executed as a private document without notarization as agreed by both parties.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Santa Rosa.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Global Trading XYZ Solutions
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | loan_agreement | This agreement is unenforceable due to non-compliance with legal formalities. The contract may lack required written form, proper authorization, or necessary acknowledgment. These are procedural defects that prevent judicial enforcement. However, the parties may voluntarily comply with the terms. To make it enforceable, the contract must be ratified with proper formalities or reformed to meet legal requirements. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms"] | ["missing_signature", "illegal_interest_rate", "unsigned_witnesses", "lack_of_written_authority"] |
RETAINER AGREEMENT
This Retainer Agreement is entered into on 2021-02-19 in Imus, Philippines.
BETWEEN:
United Group, with principal office/residence at Imus (hereinafter referred to as the FIRST PARTY)
-AND-
Beatriz Gutierrez, with principal office/residence at Imus (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in business operations;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide technical support;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide equipment as specified.
2. TERM: This agreement shall be effective for 36 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 787,804.00, payable in quarterly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONDITION: This agreement becomes effective upon submission of required permits and licenses.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by both parties jointly.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Imus.
IN WITNESS WHEREOF, the parties have executed this agreement on 2021-02-19.
United Group Beatriz Gutierrez
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
IMUS) S.S.
SUBSCRIBED AND SWORN to before me on 2021-02-19.
Doc. No. 429;
Page No. 59;
Book No. 18;
Series of 2019.
NOTARY PUBLIC | not_scoped_contract | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. This Retainer Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["mutual_consent", "dispute_resolution"] | ["conditional_effectiveness"] |
CONSULTANCY AGREEMENT
This Consultancy Agreement is entered into on 2018-08-18 in Iloilo City, Philippines.
BETWEEN:
Ana Velasco, with principal office/residence at Iloilo City (hereinafter referred to as the FIRST PARTY)
-AND-
Golden Group, with principal office/residence at Iloilo City (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in professional services;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide products;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide consulting services as detailed in Annex A.
2. TERM: This agreement shall be effective for 24 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 6,829,255.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 30 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONDITION: This agreement becomes effective upon submission of required permits and licenses.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by both parties jointly.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Iloilo City.
IN WITNESS WHEREOF, the parties have executed this agreement on 2018-08-18.
Ana Velasco Golden Group
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
ILOILO CITY) S.S.
SUBSCRIBED AND SWORN to before me on 2018-08-18.
Doc. No. 817;
Page No. 55;
Book No. 37;
Series of 2022.
NOTARY PUBLIC | not_scoped_contract | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. This Consultancy Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["lawful_consideration", "mutual_consent", "definite_terms"] | ["incomplete_requirements"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2020-04-05 in Mati, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Juan Mendoza, with principal office/residence at Mati (hereinafter referred to as the LENDER)
-AND-
Philippine Corp, with principal office/residence at Mati (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of business capital;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 4,858,494.00 (PHP 4,858,494.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 12% per annum, computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 6 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make bi-weekly payments of principal and interest. Payment shall be due on the 15th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 17 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 4% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by chattel mortgage.
9. CONDITION PRECEDENT: This agreement shall become effective only upon submission of the following: (a) Certificate of Employment, (b) ITR for the last 2 years, (c) Barangay Clearance, (d) Valid government ID.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Mati.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Juan Mendoza Philippine Corp
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MATI) S.S.
SUBSCRIBED AND SWORN to before me this 2020-04-05, affiants exhibiting their Community Tax Certificates as follows:
Juan Mendoza - CTC No. 63095937
Philippine Corp - CTC No. 88653825
Doc. No. 203;
Page No. 53;
Book No. 20;
Series of 2020.
NOTARY PUBLIC | loan_agreement | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["bsp_compliant_interest", "termination_rights"] | ["incomplete_requirements", "conditional_effectiveness"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2021-04-21 in Ozamiz, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Felicidad Perez, with principal office/residence at Ozamiz (hereinafter referred to as the LENDER)
-AND-
Prime Realty Corp, with principal office/residence at Ozamiz (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of real estate acquisition;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 10,120,655.00 (PHP 10,120,655.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 103% per annum (Note: Rate exceeds BSP guidelines), computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 6 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make weekly payments of principal and interest. Payment shall be due on the 1st day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty, except that prepayment within the first 12 months shall incur a penalty of 25% of the outstanding balance.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 30 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 3% per month on overdue amounts
c) Seize all assets of the BORROWER without court order
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This is an unsecured loan.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Ozamiz.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Felicidad Perez Prime Realty Corp
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | loan_agreement | This contract is void ab initio and produces no legal effect whatsoever. The agreement violates fundamental legal principles such as involving illegal subject matter, lacking essential elements, or being contrary to law or public policy. Neither party can enforce this contract in court. Any performance already rendered may be subject to restitution. The contract is treated as if it never existed from the beginning. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["illegal_interest_rate", "against_public_policy", "illegal_purpose", "no_legal_effect"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2023-01-04 in Balanga, Philippines.
BETWEEN:
Felicidad Lim, Filipino, of legal age, single/married, residing at Balanga (hereinafter referred to as the VENDOR)
-AND-
Alfredo Ong, Filipino, of legal age, single/married, residing at Balanga (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (townhouse) located at Balanga, covered by OCT-101343, with Tax Declaration No. TD-2018-60585, containing an area of 181 square meters, with a floor area of 95 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 55,974.00 (PHP 55,974.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 55,974.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
This sale is executed without notarization due to unavailability of notary public in the area.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2023-01-04 in Balanga, Philippines.
Felicidad Lim Alfredo Ong
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | deed_of_sale | This agreement is unenforceable due to non-compliance with legal formalities. The contract may lack required written form, proper authorization, or necessary acknowledgment. These are procedural defects that prevent judicial enforcement. However, the parties may voluntarily comply with the terms. To make it enforceable, the contract must be ratified with proper formalities or reformed to meet legal requirements. The deed of sale transfers ownership of townhouse for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "mutual_consent"] | ["unregistered_property", "formality_not_observed", "unsigned_witnesses", "lack_of_written_authority"] |
SECURITY SERVICES CONTRACT
This Security Services Contract is entered into on 2021-07-29 in Caloocan, Philippines.
BETWEEN:
Alberto Alvarez, with principal office/residence at Caloocan (hereinafter referred to as the FIRST PARTY)
-AND-
Supreme Enterprises, with principal office/residence at Caloocan (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in professional services;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide services;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide professional services as detailed in Annex A.
2. TERM: This agreement shall be effective for 24 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 719,624.00, payable in milestone-based installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 90 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by SECOND PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Caloocan.
IN WITNESS WHEREOF, the parties have executed this agreement on 2021-07-29.
Alberto Alvarez Supreme Enterprises
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CALOOCAN) S.S.
SUBSCRIBED AND SWORN to before me on 2021-07-29.
Doc. No. 821;
Page No. 13;
Book No. 28;
Series of 2023.
NOTARY PUBLIC | not_scoped_contract | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. This Security Services Contract creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "valid_witnesses", "jurisdiction_clause", "definite_terms"] | [] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2024-01-22 in Marawi, Philippines.
BETWEEN:
Ricardo Gutierrez, Filipino, of legal age, single/married, residing at Marawi (hereinafter referred to as the VENDOR)
-AND-
Raul Perez, Filipino, of legal age, single/married, residing at Marawi (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (house and lot) located at Marawi, covered by OCT-676363, with Tax Declaration No. TD-2024-74349, containing an area of 75 square meters, with a floor area of 241 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 1,885,374.00 (PHP 1,885,374.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 1,885,374.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2024-01-22 in Marawi, Philippines.
Ricardo Gutierrez Raul Perez
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
MARAWI) S.S.
BEFORE ME, a Notary Public for and in Marawi, personally appeared:
Ricardo Gutierrez - CTC No. 30614492 issued at Marawi
Raul Perez - CTC No. 17315517 issued at Marawi
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 469;
Page No. 10;
Book No. 28;
Series of 2018.
NOTARY PUBLIC | deed_of_sale | This agreement meets all legal requirements for enforceability in the Philippines. The parties have freely given their consent without fraud, duress, or undue influence. The subject matter is lawful and the consideration is adequate. Proper documentation including notarization has been completed. The obligations and rights of each party are clearly defined and reasonable. The deed of sale transfers ownership of house and lot for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["proper_venue", "clear_payment_terms", "tax_declaration_attached", "complete_documentation"] | [] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2022-06-17 in Olongapo, Philippines.
BETWEEN:
Ramon Mendoza, Filipino, of legal age, single/married, residing at Olongapo (hereinafter referred to as the VENDOR)
-AND-
Alberto Lopez, Filipino, of legal age, single/married, residing at Olongapo (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (apartment unit) located at Olongapo, covered by CCT-499974, with Tax Declaration No. TD-2020-34455, containing an area of 144 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 296,910.00 (PHP 296,910.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 296,910.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
The purchase price represents 44% of the fair market value of PHP 593,820.00 as determined by the City Assessor.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2022-06-17 in Olongapo, Philippines.
Ramon Mendoza Alberto Lopez
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
OLONGAPO) S.S.
BEFORE ME, a Notary Public for and in Olongapo, personally appeared:
Ramon Mendoza - CTC No. 15988382 issued at Olongapo
Alberto Lopez - CTC No. 45338986 issued at Olongapo
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 550;
Page No. 69;
Book No. 17;
Series of 2019.
NOTARY PUBLIC | deed_of_sale | This agreement is subject to rescission based on economic injury or unfair advantage. The contract may have been executed when one party was under financial distress, resulting in grossly inadequate consideration. Alternatively, the contract may prejudice the rights of creditors. The affected party must prove that rescission is the only available remedy and that the object has not passed to a third party in good faith. The deed of sale transfers ownership of apartment unit for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. CAUTION: The disadvantaged party may seek rescission if the economic injury is substantial and no other remedy is available. Fair market value should be verified independently. | rescissible | ["proper_notarization"] | ["unconscionable_terms", "grossly_inadequate_price", "tax_evasion_risk"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2024-03-17 in Baguio City, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Rodrigo Gutierrez, Filipino, of legal age, residing at Baguio City (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Armando Ramirez, Filipino, of legal age, residing at Baguio City (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a apartment unit located at Unit 988, Baguio City, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2024-03-17 and ending on 2025-03-17.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 15,684.00 (PHP 15,684.00), payable on or before the 10th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 31,368.00
b) Advance Rental: PHP 47,052.00 (3 month/s)
Total amount due upon signing: PHP 78,420.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Cable Tv
- Electricity
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1558) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 45 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 5% of the monthly rental shall be charged for payments made after the due date.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Baguio City.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2024-03-17.
Rodrigo Gutierrez Armando Ramirez
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["valid_witnesses", "maintenance_obligations", "complete_documentation"] | [] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2024-09-03 in Lipa, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Josefa Aguilar, Filipino, of legal age, residing at Lipa (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Ricardo Marquez, Filipino, of legal age, residing at Lipa (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a bedspace located at Unit 670, Lipa, Philippines.
2. TERM: This lease is for a period of 12 months commencing on 2024-09-03 and ending on 2025-09-03.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 13,477.00 (PHP 13,477.00), payable on or before the 15th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 13,477.00
b) Advance Rental: PHP 13,477.00 (1 month/s)
Total amount due upon signing: PHP 26,954.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Association Dues
- Cable Tv
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is allowed with prior written consent.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 806) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 2 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 60 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 4% of the monthly rental shall be charged for payments made after the due date.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Lipa.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2024-09-03.
Josefa Aguilar Ricardo Marquez
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This agreement meets all legal requirements for enforceability in the Philippines. The parties have freely given their consent without fraud, duress, or undue influence. The subject matter is lawful and the consideration is adequate. Proper documentation including notarization has been completed. The obligations and rights of each party are clearly defined and reasonable. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["lawful_consideration", "valid_witnesses", "deposit_refund_terms", "complete_documentation"] | [] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2022-07-09 in Cabanatuan, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Salvador Velasco, Filipino, of legal age, residing at Cabanatuan (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Juan Ramos, Filipino, of legal age, residing at Cabanatuan (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a studio unit located at Barangay San Jose, Cabanatuan, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2022-07-09 and ending on 2023-07-09.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 23,258.00 (PHP 23,258.00), payable on or before the 10th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 46,516.00
b) Advance Rental: PHP 23,258.00 (1 month/s)
Total amount due upon signing: PHP 69,774.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Electricity
- Internet
- Water
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1506) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 30 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 15 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 30 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 7% of the monthly rental shall be charged for payments made after the due date.
12. SPECIAL PROVISION: The LESSEE is 17 years old and represents having parental consent.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Cabanatuan.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2022-07-09.
Salvador Velasco Juan Ramos
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This agreement is valid but may be annulled by the party whose consent was vitiated or who lacked capacity at the time of execution. Grounds for annulment include minority, insanity, fraud, violence, intimidation, or undue influence. The contract remains effective unless and until the entitled party exercises the right to annul within the prescriptive period. Ratification by the injured party makes the contract fully enforceable. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTICE: The affected party should seek legal advice regarding the right to annul this contract. Ratification must be done knowingly and voluntarily after the vice is removed. | voidable | ["proper_notarization", "definite_terms"] | ["one_sided_terms", "concealment_of_facts", "fraud_indicators"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2022-03-12 in Talisay, Philippines.
BETWEEN:
Luis Go, Filipino, of legal age, single/married, residing at Talisay (hereinafter referred to as the VENDOR)
-AND-
Beatriz Yap, Filipino, of legal age, single/married, residing at Talisay (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (agricultural land) located at Talisay, covered by OCT-522979, with Tax Declaration No. TD-2019-78719, containing an area of 413 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 480,449.00 (PHP 480,449.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 480,449.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
The property is subject to a court order prohibiting its sale. The VENDOR acknowledges selling property belonging to the conjugal partnership without spousal consent.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2022-03-12 in Talisay, Philippines.
Luis Go Beatriz Yap
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | deed_of_sale | This contract is null and void under Philippine law. The agreement contains elements that are fundamentally contrary to law, morals, or public policy. This may include illegal consideration, impossible obligations, or transactions prohibited by statute. The contract is deemed to have never existed and neither party can claim rights under it. Any benefits received must be returned as the contract cannot serve as legal basis for retention. The deed of sale transfers ownership of agricultural land for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["lack_of_capacity", "unregistered_property", "illegal_purpose", "prohibited_transaction"] |
RENTAL AGREEMENT
This Rental Agreement is made and entered into on 2020-03-26 in Angono, Philippines, pursuant to the Rental Reform Act (Republic Act No. 9653) and the Civil Code of the Philippines.
BETWEEN:
Isabel Cruz, Filipino, of legal age, residing at Angono (hereinafter referred to as the LESSOR/LANDLORD)
-AND-
Margarita Bautista, Filipino, of legal age, residing at Angono (hereinafter referred to as the LESSEE/TENANT)
WITNESSETH:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE a bedspace located at Barangay San Jose, Angono, Philippines.
2. TERM: This lease is for a period of 6 months commencing on 2020-03-26 and ending on 2020-09-22.
3. RENTAL RATE: The monthly rental is PHILIPPINE PESOS 15,070.00 (PHP 15,070.00), payable on or before the 10th day of each month.
4. DEPOSITS AND ADVANCE RENTALS:
a) Security Deposit: PHP 30,140.00
b) Advance Rental: PHP 45,210.00 (3 month/s)
Total amount due upon signing: PHP 75,350.00
5. UTILITIES: The LESSEE shall be responsible for payment of:
- Association Dues
- Cable Tv
- Electricity
6. USE OF PREMISES: The leased premises shall be used exclusively for residential purposes. Subletting is prohibited.
7. MAINTENANCE AND REPAIRS:
a) LESSOR shall maintain the structural integrity of the premises
b) LESSEE shall maintain cleanliness and report any damages immediately
c) Minor repairs (below PHP 1471) shall be borne by LESSEE
8. HOUSE RULES:
a) No pets allowed
b) Quiet hours from 10:00 PM to 6:00 AM
c) Maximum of 4 occupants
d) No illegal activities or immoral purposes
e) Visitors must register with the landlord
9. TERMINATION:
a) Either party may terminate with 60 days written notice
b) LESSOR may terminate immediately for non-payment exceeding 30 days
c) LESSOR may terminate for violation of house rules after written warning
10. DEPOSIT REFUND: Security deposit shall be refunded within 30 days after lease termination, less any deductions for damages or unpaid obligations.
11. PENALTY FOR LATE PAYMENT: A penalty of 7% of the monthly rental shall be charged for payments made after the due date.
12. CONDITION: This lease is subject to the LESSEE providing proof of employment and two valid IDs within 7 days from signing.
12. GOVERNING LAW: This Agreement is governed by Philippine law, particularly RA 9653 (Rental Reform Act). Venue for disputes shall be Angono.
IN WITNESS WHEREOF, the parties have signed this Agreement on 2020-03-26.
Isabel Cruz Margarita Bautista
LESSOR LESSEE
CONFORME:
_________________
Barangay Chairman (Optional)
WITNESSES:
_________________ _________________
Witness Witness | rent_agreement | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. The rental agreement grants temporary possession of residential property in exchange for monthly rent. The tenant has the right to peaceful enjoyment while the landlord retains ownership. Both parties have maintenance obligations as specified. The agreement is governed by the Rental Reform Act which provides tenant protections. Security deposits must be refunded after lease termination less lawful deductions. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "deposit_refund_terms", "termination_rights", "lawful_consideration"] | ["pending_document_submission", "awaiting_approval"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2018-02-06 in Koronadal, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Mercedes Fernandez, with principal office/residence at Koronadal (hereinafter referred to as the LENDER)
-AND-
Teresa Ocampo, with principal office/residence at Koronadal (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of medical expenses;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 298,563.00 (PHP 298,563.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 17% per annum, computed on a 360-day basis.
3. TERM: The loan shall be payable over a period of 18 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make weekly payments of principal and interest. Payment shall be due on the 30th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 26 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 5% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This is an unsecured loan.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Koronadal.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Mercedes Fernandez Teresa Ocampo
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
KORONADAL) S.S.
SUBSCRIBED AND SWORN to before me this 2018-02-06, affiants exhibiting their Community Tax Certificates as follows:
Mercedes Fernandez - CTC No. 72639147
Teresa Ocampo - CTC No. 50553227
Doc. No. 793;
Page No. 76;
Book No. 40;
Series of 2021.
NOTARY PUBLIC | loan_agreement | This is a valid and enforceable contract under the Civil Code of the Philippines. All parties have legal capacity and have voluntarily agreed to the terms. The contract serves a lawful purpose with adequate consideration. Required formalities have been observed including proper acknowledgment before a notary public. The terms are fair and comply with applicable laws and regulations. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "proper_collateral", "lawful_consideration"] | [] |
LOAN AGREEMENT
This Loan Agreement is executed on 2021-05-08 in Urdaneta, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Metro Holdings, with principal office/residence at Urdaneta (hereinafter referred to as the LENDER)
-AND-
Metro Ventures, with principal office/residence at Urdaneta (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of real estate acquisition;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 148,754.00 (PHP 148,754.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 120% per annum (Note: Rate exceeds BSP guidelines), computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 24 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make bi-weekly payments of principal and interest. Payment shall be due on the 30th day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty, except that prepayment within the first 12 months shall incur a penalty of 25% of the outstanding balance.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 24 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 4% per month on overdue amounts
c) Seize all assets of the BORROWER without court order
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by inventory and receivables.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Urdaneta.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Metro Holdings Metro Ventures
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | loan_agreement | This agreement is absolutely void and cannot be ratified or cured. The contract suffers from fatal defects such as illegal purpose, absence of consent, or violation of mandatory legal provisions. Examples include usurious interest rates exceeding legal limits, contracts entered into by persons without legal capacity, or agreements involving prohibited transactions. The contract has no legal standing and cannot create obligations. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. WARNING: This contract cannot be enforced and any party may refuse performance without legal consequence. Parties should not rely on this agreement for any legal rights or obligations. | void | [] | ["prohibited_transaction", "lack_of_capacity", "no_legal_effect", "excessive_penalties"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2023-04-13 in Dasmarinas, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Golden Logistics, with principal office/residence at Dasmarinas (hereinafter referred to as the LESSOR)
-AND-
Prime Services, with principal office/residence at Dasmarinas (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a retail store with a floor area of approximately 399 square meters, located at Dasmarinas;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 5 (5) years, commencing on 2023-04-13 and ending on 2028-04-11.
3. RENTAL RATE:
a) Monthly Rental: PHP 82,804.00
b) Security Deposit: PHP 496,824.00 (6 months)
c) Advance Rental: PHP 496,824.00 (6 months)
Total initial payment: PHP 993,648.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 15th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 10% every 5 years.
6. PERMITTED USE: The premises shall be used exclusively for office purposes.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 108262 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is allowed with prior written approval of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 60 days constitutes default
b) Penalty of 7% per month on late payments
c) LESSOR may terminate for material breach after 30 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Dasmarinas.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Golden Logistics Prime Services
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
DASMARINAS) S.S.
BEFORE ME, a Notary Public, personally appeared:
Golden Logistics - CTC No. 88593968
Prime Services - CTC No. 49466873
known to me to be the same persons who executed the foregoing instrument.
Doc. No. 574;
Page No. 25;
Book No. 31;
Series of 2018.
NOTARY PUBLIC | lease_agreement | This is a valid and enforceable contract under the Civil Code of the Philippines. All parties have legal capacity and have voluntarily agreed to the terms. The contract serves a lawful purpose with adequate consideration. Required formalities have been observed including proper acknowledgment before a notary public. The terms are fair and comply with applicable laws and regulations. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["proper_venue", "jurisdiction_clause", "deposit_refund_terms", "proper_notarization"] | [] |
LOAN AGREEMENT
This Loan Agreement is executed on 2023-02-18 in Calbayog, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Fernando De Leon, with principal office/residence at Calbayog (hereinafter referred to as the LENDER)
-AND-
Golden Ventures, with principal office/residence at Calbayog (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of working capital;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 125,090.00 (PHP 125,090.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 13% per annum, computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 18 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make weekly payments of principal and interest. Payment shall be due on the 1st day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 29 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 4% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This is an unsecured loan.
9. CONDITION PRECEDENT: This agreement shall become effective only upon submission of the following: (a) Certificate of Employment, (b) ITR for the last 2 years, (c) Barangay Clearance, (d) Valid government ID.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Calbayog.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Fernando De Leon Golden Ventures
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CALBAYOG) S.S.
SUBSCRIBED AND SWORN to before me this 2023-02-18, affiants exhibiting their Community Tax Certificates as follows:
Fernando De Leon - CTC No. 32629881
Golden Ventures - CTC No. 87346846
Doc. No. 882;
Page No. 30;
Book No. 32;
Series of 2024.
NOTARY PUBLIC | loan_agreement | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["clear_payment_terms", "dispute_resolution"] | ["incomplete_requirements", "subject_to_verification"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2018-01-17 in Caloocan, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Alberto Valdez, with principal office/residence at Caloocan (hereinafter referred to as the LENDER)
-AND-
Arturo Soriano, with principal office/residence at Caloocan (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of home improvement;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 3,898,054.00 (PHP 3,898,054.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 42% per annum, computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 6 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make weekly payments of principal and interest. Payment shall be due on the 1st day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 16 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 4% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This loan is secured by inventory and receivables.
9. SPECIAL PROVISION: This agreement is executed as a private document without notarization as agreed by both parties.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Caloocan.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Alberto Valdez Arturo Soriano
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | loan_agreement | The contract is unenforceable because it fails to meet statutory requirements for form or procedure. This may include absence of notarization when required, lack of written authorization for agents, or missing signatures. The substantive terms may be valid, but technical defects prevent court enforcement. The parties can cure these defects by executing a new contract with proper formalities or ratifying the existing agreement. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["clear_payment_terms", "mutual_consent"] | ["missing_signature", "usurious_interest", "unsigned_witnesses", "lack_of_written_authority"] |
LOAN AGREEMENT
This Loan Agreement is executed on 2022-02-10 in Binan, Philippines, in accordance with the Civil Code of the Philippines and applicable BSP regulations.
BETWEEN:
Patricia Reyes, with principal office/residence at Binan (hereinafter referred to as the LENDER)
-AND-
Sofia Ong, with principal office/residence at Binan (hereinafter referred to as the BORROWER)
WITNESSETH:
WHEREAS, the BORROWER has applied for a loan from the LENDER for the purpose of education;
WHEREAS, the LENDER has agreed to extend credit to the BORROWER under the terms and conditions herein stated;
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:
1. LOAN AMOUNT: The LENDER agrees to lend the BORROWER the principal sum of PHILIPPINE PESOS 12,507,417.00 (PHP 12,507,417.00).
2. INTEREST RATE: The loan shall bear interest at the rate of 9% per annum, computed on a 365-day basis.
3. TERM: The loan shall be payable over a period of 60 months from the date of release of proceeds.
4. PAYMENT SCHEDULE: The BORROWER shall make monthly payments of principal and interest. Payment shall be due on the 1st day of each period.
5. PREPAYMENT: The BORROWER may prepay the loan in whole or in part without penalty.
6. DEFAULT: The BORROWER shall be in default upon:
a) Failure to make any payment when due for more than 16 days
b) Breach of any covenant or warranty herein
c) Insolvency or bankruptcy proceedings
d) Death or incapacity (for individual borrowers)
7. REMEDIES UPON DEFAULT: Upon default, the LENDER may:
a) Declare the entire unpaid balance immediately due and payable
b) Charge penalty interest of 2% per month on overdue amounts
c) Institute legal proceedings for collection
d) Report to credit bureaus
8. COLLATERAL: This is an unsecured loan.
10. GOVERNING LAW: This Agreement shall be governed by the laws of the Republic of the Philippines. Venue for any action shall be the proper courts of Binan.
11. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written.
Patricia Reyes Sofia Ong
LENDER BORROWER
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
BINAN) S.S.
SUBSCRIBED AND SWORN to before me this 2022-02-10, affiants exhibiting their Community Tax Certificates as follows:
Patricia Reyes - CTC No. 61036796
Sofia Ong - CTC No. 26588648
Doc. No. 660;
Page No. 42;
Book No. 31;
Series of 2023.
NOTARY PUBLIC | loan_agreement | This contract is legally binding and enforceable under Philippine law. All essential elements are present including consent of the parties, lawful object, and valid consideration. The contract has been properly executed with required formalities such as notarization and witness signatures. Both parties have the legal capacity to enter into this agreement. The terms are clear, definite, and not contrary to law, morals, good customs, or public policy. The loan agreement establishes a debtor-creditor relationship with principal amount, interest rate, and repayment terms clearly specified. The borrower is obligated to repay according to the schedule while the lender must release the loan proceeds. Default provisions outline remedies including acceleration of payment and legal action. Interest rates must comply with BSP regulations to avoid usury. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. Both parties are advised to keep copies of the contract and all related documents for future reference and evidence. | enforceable | ["clear_payment_terms", "bsp_compliant_interest", "mutual_consent"] | [] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2019-03-12 in San Pedro, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Metro Industries, with principal office/residence at San Pedro (hereinafter referred to as the LESSOR)
-AND-
Royal Holdings, with principal office/residence at San Pedro (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a parking slots with a floor area of approximately 121 square meters, located at San Pedro;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 20 (20) years, commencing on 2019-03-12 and ending on 2039-03-07.
3. RENTAL RATE:
a) Monthly Rental: PHP 174,646.00
b) Security Deposit: PHP 349,292.00 (2 months)
c) Advance Rental: PHP 523,938.00 (3 months)
Total initial payment: PHP 873,230.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 5th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 10% every 5 years.
6. PERMITTED USE: The premises shall be used exclusively for clinic.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 127424 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is allowed with prior written approval of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 60 days constitutes default
b) Penalty of 10% per month on late payments
c) LESSOR may terminate for material breach after 15 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. SPECIAL PROVISION: This lease agreement is executed as a private document without notarization.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of San Pedro.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Metro Industries Royal Holdings
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness | lease_agreement | This contract suffers from defects that make it unenforceable in its current form. The primary issue is lack of proper formalities required by law, such as notarization for contracts involving significant amounts or real property. While the parties may have genuine intent, the contract cannot be enforced in court without ratification or reformation. The defects are curable through proper execution of required formalities. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. ADVISORY: The parties should execute a properly notarized contract to ensure enforceability. Voluntary compliance is possible but judicial enforcement is not available in the current form. | unenforceable | ["lawful_consideration"] | ["procedural_defect", "no_notarization", "excessive_penalties"] |
MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into on 2021-04-27 in Danao, Philippines.
BETWEEN:
Luz Mendoza, with principal office/residence at Danao (hereinafter referred to as the FIRST PARTY)
-AND-
Arturo Ong, with principal office/residence at Danao (hereinafter referred to as the SECOND PARTY)
WITNESSETH:
WHEREAS, the FIRST PARTY is engaged in commercial activities;
WHEREAS, the SECOND PARTY has the expertise/capacity to provide professional assistance;
NOW THEREFORE, for and in consideration of the mutual covenants herein, the parties agree as follows:
1. SCOPE OF WORK/SERVICES: The SECOND PARTY shall provide equipment as specified.
2. TERM: This agreement shall be effective for 6 months from the date hereof, unless earlier terminated.
3. COMPENSATION/CONSIDERATION: Total contract value of PHP 1,473,660.00, payable in monthly installments.
4. OBLIGATIONS OF FIRST PARTY:
a) Provide necessary information and access
b) Make timely payments as agreed
c) Cooperate in good faith
5. OBLIGATIONS OF SECOND PARTY:
a) Perform services with professional competence
b) Comply with all applicable laws and regulations
c) Maintain confidentiality of proprietary information
6. TERMINATION:
a) Either party may terminate with 30 days written notice
b) Immediate termination for material breach
c) Termination for insolvency or bankruptcy
7. SPECIAL PROVISION: The SECOND PARTY's authority to enter this agreement is subject to board approval.
7. CONFIDENTIALITY: Both parties agree to maintain confidentiality of proprietary information disclosed during the term of this agreement.
8. INTELLECTUAL PROPERTY: All work product and deliverables shall be owned by FIRST PARTY.
9. INDEMNIFICATION: Each party shall indemnify the other against claims arising from their negligence or breach of this agreement.
10. GOVERNING LAW: This agreement is governed by Philippine law. Venue for disputes shall be Danao.
IN WITNESS WHEREOF, the parties have executed this agreement on 2021-04-27.
Luz Mendoza Arturo Ong
FIRST PARTY SECOND PARTY
WITNESSES:
_________________ _________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
DANAO) S.S.
SUBSCRIBED AND SWORN to before me on 2021-04-27.
Doc. No. 972;
Page No. 27;
Book No. 43;
Series of 2023.
NOTARY PUBLIC | not_scoped_contract | This contract is voidable at the option of one party due to vitiated consent or lack of capacity. The agreement may have been entered into through fraud, intimidation, undue influence, or by a party with limited capacity such as a minor. The injured party or incapacitated person can choose to either annul the contract or ratify it upon reaching majority or removal of the vice. Until annulled, the contract remains valid and binding. This Memorandum of Agreement creates mutual obligations between the parties for the specified purpose. Each party must perform their commitments in good faith and according to the terms. Breach by either party may result in damages or specific performance. The contract is governed by general principles of contract law under the Civil Code. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTICE: The affected party should seek legal advice regarding the right to annul this contract. Ratification must be done knowingly and voluntarily after the vice is removed. | voidable | ["proper_notarization", "definite_terms"] | ["lack_of_capacity", "misrepresentation", "vitiated_consent"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2021-01-18 in Danao, Philippines.
BETWEEN:
Elena Lopez, Filipino, of legal age, single/married, residing at Danao (hereinafter referred to as the VENDOR)
-AND-
Patricia Navarro, Filipino, of legal age, single/married, residing at Danao (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (condominium unit) located at Danao, covered by OCT-861697, with Tax Declaration No. TD-2018-30892, containing an area of 107 square meters, with a floor area of 107 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 42,094,479.00 (PHP 42,094,479.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 42,094,479.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
This sale is subject to the VENDEE obtaining a loan approval from the bank within 60 days from execution.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2021-01-18 in Danao, Philippines.
Elena Lopez Patricia Navarro
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
DANAO) S.S.
BEFORE ME, a Notary Public for and in Danao, personally appeared:
Elena Lopez - CTC No. 23920137 issued at Danao
Patricia Navarro - CTC No. 65838294 issued at Danao
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 704;
Page No. 71;
Book No. 37;
Series of 2023.
NOTARY PUBLIC | deed_of_sale | The enforceability of this agreement depends on compliance with specified conditions. The parties have agreed that certain requirements must be completed before the contract takes full effect. These may include regulatory approvals, financial qualifications, or documentary submissions. The contract is valid but its implementation is suspended pending satisfaction of conditions. Both parties remain bound to cooperate in fulfilling these prerequisites. The deed of sale transfers ownership of condominium unit for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["tax_declaration_attached", "dispute_resolution"] | ["pending_document_submission", "conditional_effectiveness"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2021-07-11 in Zamboanga City, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
Arturo Gonzales, with principal office/residence at Zamboanga City (hereinafter referred to as the LESSOR)
-AND-
ABC Trading, with principal office/residence at Zamboanga City (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a commercial space with a floor area of approximately 380 square meters, located at Zamboanga City;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 25 (25) years, commencing on 2021-07-11 and ending on 2046-07-05.
3. RENTAL RATE:
a) Monthly Rental: PHP 242,628.00
b) Security Deposit: PHP 1,455,768.00 (6 months)
c) Advance Rental: PHP 1,455,768.00 (6 months)
Total initial payment: PHP 2,911,536.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 15th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 15% every 2 years.
6. PERMITTED USE: The premises shall be used exclusively for service center.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 186078 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is prohibited without written consent of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 60 days constitutes default
b) Penalty of 4% per month on late payments
c) LESSOR may terminate for material breach after 30 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 60 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. CONDITION PRECEDENT: This lease becomes effective only upon: (a) LESSEE obtaining business permit, (b) Payment of all initial fees, (c) Submission of Mayor's Permit and BIR registration.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Zamboanga City.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
Arturo Gonzales ABC Trading
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
ZAMBOANGA CITY) S.S.
BEFORE ME, a Notary Public, personally appeared:
Arturo Gonzales - CTC No. 99081734
ABC Trading - CTC No. 96087848
known to me to be the same persons who executed the foregoing instrument.
Doc. No. 494;
Page No. 29;
Book No. 36;
Series of 2022.
NOTARY PUBLIC | lease_agreement | This contract is enforceable subject to fulfillment of certain conditions precedent. The agreement contains suspensive conditions that must be satisfied before obligations become binding. These conditions include submission of required documents, obtaining necessary permits, or approval from third parties. Once conditions are met, the contract becomes fully enforceable. Failure to fulfill conditions may render the contract ineffective. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["termination_rights", "renewal_options"] | ["subject_to_verification"] |
CONTRACT OF LEASE
This Contract of Lease is executed on 2022-03-31 in Tacloban, Philippines, in accordance with the Civil Code of the Philippines.
BETWEEN:
XYZ Logistics, with principal office/residence at Tacloban (hereinafter referred to as the LESSOR)
-AND-
Isabel Morales, with principal office/residence at Tacloban (hereinafter referred to as the LESSEE)
WITNESSETH:
WHEREAS, the LESSOR is the owner/authorized representative of a kiosk space with a floor area of approximately 438 square meters, located at Tacloban;
WHEREAS, the LESSEE desires to lease the said premises for commercial/business purposes;
NOW THEREFORE, for and in consideration of the mutual covenants herein contained, the parties agree as follows:
1. LEASED PREMISES: The LESSOR hereby leases to the LESSEE the above-described property, including all fixtures and improvements thereon.
2. TERM: This lease shall be for a period of 15 (15) years, commencing on 2022-03-31 and ending on 2037-03-27.
3. RENTAL RATE:
a) Monthly Rental: PHP 76,603.00
b) Security Deposit: PHP 153,206.00 (2 months)
c) Advance Rental: PHP 229,809.00 (3 months)
Total initial payment: PHP 383,015.00
4. RENTAL PAYMENT: Monthly rental shall be paid on or before the 15th day of each month to the LESSOR's designated account or office.
5. ESCALATION CLAUSE: The monthly rental shall increase by 12% every 2 years.
6. PERMITTED USE: The premises shall be used exclusively for salon/spa.
7. UTILITIES AND CHARGES: The LESSEE shall pay for:
a) Electricity consumption
b) Water consumption
c) Telephone and internet
d) Association dues (if applicable)
e) Real property tax (if stipulated)
f) Business permits and licenses
8. IMPROVEMENTS AND ALTERATIONS:
a) LESSEE may make improvements with prior written consent of LESSOR
b) All improvements shall become property of LESSOR upon lease termination
c) LESSEE may remove trade fixtures installed at own expense
9. MAINTENANCE AND REPAIRS:
a) LESSOR: Structural repairs, roof, foundation, exterior walls
b) LESSEE: Interior maintenance, air-conditioning, plumbing fixtures, electrical fixtures
c) Major repairs exceeding PHP 167196 shall be borne by LESSOR
10. INSURANCE: LESSEE shall maintain fire and liability insurance covering the premises and shall name LESSOR as co-insured.
11. SUBLEASING: Subleasing is allowed with prior written approval of the LESSOR.
12. DEFAULT AND TERMINATION:
a) Non-payment for 30 days constitutes default
b) Penalty of 3% per month on late payments
c) LESSOR may terminate for material breach after 15 days written notice
d) Upon termination, LESSEE shall vacate and return premises in good condition
13. DEPOSIT REFUND: Security deposit shall be refunded within 90 days after lease termination, less deductions for:
a) Unpaid rentals and utilities
b) Damages beyond normal wear and tear
c) Unreturned keys and access cards
14. RENEWAL OPTION: No automatic renewal. New contract required upon expiration.
15. CONDITION PRECEDENT: This lease becomes effective only upon: (a) LESSEE obtaining business permit, (b) Payment of all initial fees, (c) Submission of Mayor's Permit and BIR registration.
15. GOVERNING LAW AND VENUE: This Contract is governed by Philippine law. Any dispute shall be settled in the proper courts of Tacloban.
16. ENTIRE AGREEMENT: This Contract constitutes the entire agreement and supersedes all prior negotiations, representations, and agreements.
IN WITNESS WHEREOF, the parties have executed this Contract on the date first written above.
XYZ Logistics Isabel Morales
LESSOR LESSEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
TACLOBAN) S.S.
BEFORE ME, a Notary Public, personally appeared:
XYZ Logistics - CTC No. 84776858
Isabel Morales - CTC No. 83698792
known to me to be the same persons who executed the foregoing instrument.
Doc. No. 100;
Page No. 21;
Book No. 39;
Series of 2022.
NOTARY PUBLIC | lease_agreement | This contract contains conditional provisions that affect its enforceability. While the agreement is validly executed, certain obligations are subject to the occurrence or non-occurrence of future events. The parties acknowledge these conditions and agree to act in good faith to satisfy them. Upon fulfillment of all conditions, the contract becomes unconditionally enforceable. The conditions are reasonable and not impossible to perform. The lease contract grants the lessee the right to use and enjoy the property for the agreed term and purpose. The lessor retains ownership while the lessee pays rent and maintains the property. Commercial leases typically include escalation clauses and renewal options. The lessee may make improvements with consent, which generally become property of the lessor. Both parties must comply with their respective obligations to avoid breach. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["renewal_options", "termination_rights", "dispute_resolution"] | ["incomplete_requirements"] |
DEED OF ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Absolute Sale executed on 2024-04-13 in Balanga, Philippines.
BETWEEN:
Cristina Bautista, Filipino, of legal age, single/married, residing at Balanga (hereinafter referred to as the VENDOR)
-AND-
Miguel Salazar, Filipino, of legal age, single/married, residing at Balanga (hereinafter referred to as the VENDEE)
WITNESSETH: That
WHEREAS, the VENDOR is the absolute owner of a parcel of land (warehouse) located at Balanga, covered by OCT-332518, with Tax Declaration No. TD-2018-54742, containing an area of 108 square meters, with a floor area of 89 square meters;
WHEREAS, the VENDOR has agreed to sell and the VENDEE has agreed to purchase the above-described property for the sum of PHILIPPINE PESOS 7,032,755.00 (PHP 7,032,755.00);
NOW THEREFORE, for and in consideration of the foregoing premises and the sum of PHP 7,032,755.00, receipt of which is hereby acknowledged by the VENDOR, the VENDOR hereby SELLS, TRANSFERS, and CONVEYS unto the VENDEE, his heirs, successors, and assigns, the above-described property, free from all liens and encumbrances.
The VENDOR warrants that:
1. He/She is the lawful owner of the property with clean title
2. The property is free from all liens, encumbrances, and adverse claims
3. He/She has the full right and authority to sell the property
4. All real property taxes have been paid up to date
5. The property is not subject to any pending litigation
This sale is subject to the VENDEE obtaining a loan approval from the bank within 60 days from execution.
IN WITNESS WHEREOF, the parties have hereunto set their hands this 2024-04-13 in Balanga, Philippines.
Cristina Bautista Miguel Salazar
VENDOR VENDEE
SIGNED IN THE PRESENCE OF:
_________________ _________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
BALANGA) S.S.
BEFORE ME, a Notary Public for and in Balanga, personally appeared:
Cristina Bautista - CTC No. 57665946 issued at Balanga
Miguel Salazar - CTC No. 95048563 issued at Balanga
known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
Doc. No. 919;
Page No. 47;
Book No. 36;
Series of 2022.
NOTARY PUBLIC | deed_of_sale | The enforceability of this agreement depends on compliance with specified conditions. The parties have agreed that certain requirements must be completed before the contract takes full effect. These may include regulatory approvals, financial qualifications, or documentary submissions. The contract is valid but its implementation is suspended pending satisfaction of conditions. Both parties remain bound to cooperate in fulfilling these prerequisites. The deed of sale transfers ownership of warehouse for the agreed purchase price. The vendor warrants clean title and freedom from liens. The vendee assumes ownership rights and obligations including payment of real property taxes. Both parties must comply with registration requirements at the Registry of Deeds. Risks include potential breach of contract, non-performance, or disputes over interpretation of terms. Liabilities may arise from failure to fulfill obligations, causing damages to the other party. Penalties for late payment or non-compliance are specified in the contract. Both parties should ensure full understanding of their rights and obligations before signing. NOTE: All conditions must be satisfied for the contract to become fully effective. Parties should monitor compliance with conditions and document their fulfillment. | conditionally_enforceable | ["registered_property", "clear_payment_terms", "termination_rights", "mutual_consent"] | ["incomplete_requirements", "awaiting_approval"] |
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