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THE LAW ON CHRISTMAS IN THE PHILIPPINES

The Philippine legal system is a civil law system. This means that the Philippines relies on laws enacted by Congress to govern all matters – including Christmas, our favorite holiday. Christmas did not just become a holiday in the Philippines by tradition or religion. As with all red letter days and public holidays, there are laws that govern the celebration of Christmas as a holiday.

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Basics on the Contract of Agency

We oftentimes hear the words “agency”, “principal”, “agency relationship” and “ahente”. So, what do these words mean? What is the relationship between an agent and his principal? What are their liabilities? Read on and learn the basics. The Civil Code of the Philippines is the governing law on agency. Article 1868 of the Civil Code […]

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Basics on the Sale on Consignment

When you are engaged in retail trade, sometimes it is not practical to buy huge volumes of stocks to sell to your customers as this will require a higher cost on your part. You also subject yourself to the risk of not being able to sell all the products. Thus, an alternative to an outright […]

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Payment of the 13th Month Pay

In the Philippines, the sound of Christmas bells not only evokes the feeling of Christmas cheer but also signals for the payment of the 13th month pay for employees.   Under Presidential Decree 851, all rank-and-file employees are entitled to the 13th month pay regardless of the amount of basic salary that they receive in […]

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Joint Ventures in the Philippines

We can’t do everything by ourselves. Sometimes, we need a little help. Oftentimes, we need a joint venture.     The Philippine Supreme Court has described a joint venture as an association of persons or companies jointly undertaking some commercial enterprise; generally, all contribute assets and share risks which requires a community of interest in […]

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Philippine Holidays for 2017

The Philippines is one of the countries with the most generous number of public holidays.  It is very important for businessmen to know these holidays to ensure that they are paying the proper holiday pay to their employees.  The two common types of holidays are regular holidays and special non-working days.  Contrary to popular belief, […]

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