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Terminate Building Contract

Terminate Building Contract Template for Philippines

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Key Requirements PROMPT example:

Terminate Building Contract

"I need to Terminate Building Contract with ABC Construction Corp due to their repeated delays and quality issues on our commercial building project, with termination planned for March 15, 2025; document must include detailed provisions for handover of partially completed works and settlement of outstanding payments."

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Document background
The Building Contract Termination document is essential when parties need to formally end their construction agreement in the Philippines, whether by mutual consent or due to breach of contract. This document type is used to Terminate Building Contract relationships while ensuring compliance with Philippine construction laws and regulations. It provides a structured framework for project closure, including detailed provisions for site handover, financial settlement, and ongoing obligations. The document must align with the Civil Code of the Philippines, CIAP regulations, and the National Building Code, making it crucial for both public and private construction projects. It serves as a vital tool for risk management and dispute prevention, particularly important in complex construction projects where multiple stakeholders are involved and significant financial interests are at stake.
Suggested Sections

1. Parties: Identification of the parties to the contract, including the Employer and the Contractor

2. Background: Details of the original building contract, including date, project description, and reference numbers

3. Definitions: Key terms used in the termination agreement

4. Notice of Termination: Formal declaration of contract termination and effective date

5. Grounds for Termination: Specific reasons for termination with reference to relevant contract clauses or legal provisions

6. Outstanding Works Status: Current status of the construction works and percentage of completion

7. Handover Requirements: Process for site handover, including materials, equipment, and documentation

8. Financial Settlement: Terms for final payment, including outstanding payments and retention money

9. Release and Discharge: Mutual release from future obligations, subject to specified exceptions

10. Surviving Obligations: Obligations that continue after termination (warranties, confidentiality, etc.)

11. Governing Law: Confirmation of Philippine law as governing law

Optional Sections

1. Dispute Resolution: Include when there are unresolved disputes or likely contentious issues

2. Intellectual Property Rights: Include when there are design rights or other IP issues to be addressed

3. Insurance and Bonds: Include when dealing with outstanding insurance claims or performance bonds

4. Subcontractor Provisions: Include when there are significant subcontractor relationships to be addressed

5. Defects Liability: Include when there are ongoing warranty obligations for completed works

6. Anti-Corruption Compliance: Include for government projects or when required by corporate policies

7. Force Majeure Events: Include when termination is related to force majeure circumstances

Suggested Schedules

1. Schedule 1 - Project Details: Details of the original contract, amendments, and current status

2. Schedule 2 - Outstanding Works: Detailed list of incomplete works and their status

3. Schedule 3 - Financial Statement: Detailed breakdown of payments made, outstanding amounts, and final settlement calculations

4. Schedule 4 - Material and Equipment Inventory: List of materials and equipment on site and their disposition

5. Schedule 5 - Required Documents: List of documents to be handed over (permits, warranties, as-built drawings, etc.)

6. Schedule 6 - Defects List: List of known defects and remedial works required

7. Appendix A - Site Handover Protocol: Detailed procedure for site handover and inspection

8. Appendix B - Release Forms: Template forms for mutual release and discharge

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


















































Clauses



































Relevant Industries

Construction

Real Estate Development

Infrastructure

Commercial Property

Residential Development

Industrial Construction

Government Infrastructure

Healthcare Construction

Educational Facilities

Hospitality Development

Retail Development

Relevant Teams

Legal

Construction

Project Management

Finance

Operations

Commercial

Procurement

Risk Management

Compliance

Contract Administration

Relevant Roles

Project Director

Construction Manager

Contract Administrator

Legal Counsel

Project Manager

Quantity Surveyor

Chief Financial Officer

Risk Manager

Procurement Manager

Site Engineer

Commercial Director

Operations Director

Development Manager

Claims Manager

Compliance Officer

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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