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2024mar14 Working MOA With Consultants - VABDI Riverside Manuals
2024mar14 Working MOA With Consultants - VABDI Riverside Manuals
2024mar14 Working MOA With Consultants - VABDI Riverside Manuals
This Memorandum of Agreement (the “Agreement”) entered into this ___ day of
__________________, 20_____ in the City of Mandaluyong, Philippines, by and between:
- and -
W I T N E S S E T H: That -
WHEREAS, VABDI is a company with the professional competence and the required
personnel to provide licensed psychological assessment services to other
companies/corporations, educational institutions and government agencies;
WHEREAS, the parties agree that the use of the licensed psychological assessment
materials
(_______________);
NOW, THEREFORE, for and in consideration of the foregoing, the parties have agreed
as follows:
A. TERM. This Contract shall be for a term of one (1) year, commencing on
XXXXX and expiring on XXXXX [INSERT START AND END DATES FOR THE TERM] and
shall be renewable at such terms and conditions as may be agreed upon agreement of both
parties.
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D. In case of breach by one party of the terms and conditions of this Contract, the
other party shall be entitled to pre-terminate this Contract by giving the offending party fifteen
(15) days’ written notice of its intention to terminate this Contract. However, either party may
terminate this Contract without cause by giving to the other sixty (60) days’ notice in writing.
Termination for any cause shall be without prejudice to any right or claim which, as of that date,
may have accrued to either of the parties hereunder.
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addition thereto, CONSULTANT shall not at any time or in any manner, either directly or
indirectly, through other duly authorized representatives, divulge, disclose or communicate to
any person, firm or corporation in any manner whatsoever any information concerning any
matter affecting or relating to the business of VABDI, including without limiting the generality
of the foregoing, any other information concerning the business of VABDI , its plan, processes,
or other data without regard to whether all of the foregoing matters will be deemed
confidential, material, important, the parties hereto stipulate that as between them, the
foregoing constitutes as important and confidential materials and the disclosure thereof will
gravely affect the effective and successful conduct of the business of VABDI and the latter’s
goodwill, and that any breach of the terms of this paragraph shall be a material breach of this
Agreement. The foregoing terms shall remain in full force and effect for the period of two (2)
years after the termination of this Agreement for any reason.
Upon termination of this Agreement for whatever reason and irrespective of whichever
party initiated the termination, both parties shall not make further use of such confidential
information and shall return the same to the other party, including all copies, reproductions,
extracts, summaries, or notes, or destroy the same in accordance with the directions of the other
party and certify that the same have been destroyed.
The obligations created under this section shall survive the expiration/termination of
this Contract.
H. The parties hereto agree to work together in a spirit of trust and cooperation to
achieve the purposes of this Agreement and to work towards establishing a long term
relationship with each other.
IN WITNESS WHEREOF, the parties have set their hands on the date and place first
written above.
By:
Miguel O. Valdez
President
_______________________ _________________________
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ACKNOWLEDGMENT
known to me and to me known to be the same persons who executed the foregoing, a
Memorandum of Agreement, consisting of _______ (_____) pages including the page whereon
this acknowledgment is written, and who acknowledged to me that the same are their free act
and will, and that of the corporations/entities represented herein.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial SEAL at
the date and place first stated above.
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