Design and build agreement know all men by these presents
ARTICLE 6. TERMINATION OF CONTRACT
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| ARTICLE 6. TERMINATION OF CONTRACT
6.1 This Contract is hereby terminated on terms mutually agreed upon by both parties. 6.2 In case, when the contract is terminated based on cause not attributed to the Engineer, the payment of the remaining balance of Contract amount is deemed demandable. 6.3 However, when the contract is terminated based on cause attributed to the Engineer, the payment shall be recomputed based on the actual accomplishment and the excess payment be refunded not later than Five (5) days after the Engineer has been formally informed of the termination in writing by the Owner. 6.4 In case of dispute involving the implementation, enforcement and/or interpretation of this agreement, both parties agree that the exclusive venue of any court action shall be in the appropriate courts in Bacolod City only and to the exclusion of all other venues. IN WITNESS WHEREOF, the parties have set their signatures this ___ day of ______________________, 2020, in ______________, Philippines. INSERT NAME AND SIGNATURES HERE REPUBLIC OF THE PHILIPPINES ] City of Bacolod ] x- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -x BEFORE ME, a notary public for and in Bacolod City, personally appeared the following persons with their competent evidence of their identities as follows:
Known to me to the same persons who executed the foregoing agreement and who acknowledged to me that the same is their free and voluntary act and deed. This Design & Build Agreement consists of SEVEN (7) PAGES including this page on which the acknowledgment is written. WITNESS MY HAND AND SEAL on the date and place first above-written. ____________________ Doc. No. ____; Page No. ____; Book No. ____; Series of 2018. Download 91 Kb. Share with your friends:
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