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Letter-of-Agreement-Template 2
Letter-of-Agreement-Template 2
Agreement
This Letter of Agreement (LOA) is for an academe-industry linkage partnership between Acacia
Estate Taguig – DMCI Homes with office address at Acacia Ave. Taguig, 1633 Metro Manila, as COMPANY
and Technological Institute of the Philippines, with office addresses at 938 Aurora Blvd., Cubao,
Quezon City and 1338 Arlegui Street, Quiapo, Manila, P. Casal, Quiapo Manila, Metro Manila
as SCHOOL.
The purpose of this agreement is to clearly define the roles and responsibilities of each party as
the academe-industry linkage program is implemented. A program that creates future/potential
employment for T.I.P. graduates, on the job training for T.I.P. students, and other collaborative
endeavors between the company and the school.
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B. COMPANY agrees to:
a. Provide formal on-the-job training (OJT) to selected T.I.P. students. The Company
will also strive to run a professional training program. The Company is requested
but is not obligated to give OJT students a stipend to cover for transportation and
meal expenses.
b. Give the opportunity to T.I.P. graduates on parity with other big universities in
terms of potential job opening.
c. Support through student scholarship, or any possible incentive from the company,
from the successful business challenges that are solved.
The Company shall not be liable for any accident or injury that the student-trainee may suffer
during the course of the OJT, provided, however, that the said accident or injury did not arise by
reason of the fault or negligence of the COMPANY and/or any of its employees, officers and
directors. The SCHOOL and the student-trainee shall renounce and waive any claim against the
COMPANY for any loss or injury that the student-trainee may suffer and which arises from the
fault or negligence of the student-trainee in performing of his/her duties and functions during the
OJT.
This agreement shall take effect immediately upon signing and shall continue to be in force and
effect until such time that any one of the parties withdraws from this Agreement upon 30 days’
prior notice to the other.
BY: BY:
WITNESSES:
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