Document background
The Business Engagement Letter is a crucial document in Philippine business practice, used to formalize professional service relationships and ensure clear understanding between parties. It serves as the primary document establishing the terms of engagement between service providers and their clients, incorporating essential elements required under Philippine law. This document is typically used when engaging professional services, consulting arrangements, or any formal business advisory relationship. The Business Engagement Letter must comply with Philippine regulations, including the Civil Code, Corporation Code, and relevant professional services regulations. It should detail the scope of work, professional fees, timeline, deliverables, and terms of service while addressing specific requirements of Philippine business law such as tax implications and professional liability considerations. The document is particularly important for maintaining professional standards and protecting both parties' interests in the engagement.
