Document background
The Master Trade Agreement is designed for businesses engaging in regular commercial transactions within the Philippines or with Philippine entities. This document is particularly crucial when parties anticipate an ongoing trading relationship involving multiple transactions over time, rather than one-off deals. It establishes a comprehensive framework that covers essential aspects such as ordering mechanisms, delivery terms, quality standards, payment conditions, and risk allocation, while ensuring compliance with Philippine laws including the Civil Code, Consumer Act, and E-commerce regulations. The agreement is structured to accommodate both domestic and international trade requirements, incorporating necessary provisions for cross-border transactions while maintaining alignment with local legal requirements. It serves as an efficient tool for managing recurring business relationships by setting standard terms that apply to all subsequent transactions, reducing the need for repeated negotiations.
