Tag: corporate attorney

NDV Law > Philippine Legal Advice > corporate attorney

An Unregulated Franchising Environment (updated October 2019)

In the Philippines, there is no requirement to register a franchising agreement. A Technology Transfer Arrangement need not be registered with the Intellectual Property Office if it complies with the mandatory provisions and does not contain any of the prohibited clauses. On the other hand, some countries require that the franchise agreement be registered and oftentimes updated annually. Parenthetically, since there is no law specifically addressed at franchising, there is also no government agency charged with regulating the business of franchising in the Philippines. Perhaps, it is about time that Congress enact a law on franchising to protect the legitimate players in such thriving industry.

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Cooking-up Your Contracts using “Boilerplates”

“Boilerplate” provisions refer to template provisions or “one-size-fits-all” clauses usually found at the end of most contracts. Because they are so-common, these provisions are often taken for granted especially by lawyers. To the perceptive eye however, boilerplate provisions should be considered as gems in a contract because they complete not only the aesthetic value, but […]

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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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How to Close a Corporation through the Shortening of its Corporate Term in the Philippines

Life is tough. So is business.  So when the going gets tough, sometimes corporations need to close down.  However, it is not as simple as packing up your things and leaving.  A formal process must be done to legally close a corporation.  One method is through the shortening of the corporate term.   In the […]

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Creating a Company with a Foreign Principal in the Philippines

Foreigners can do business in the Philippines. In fact, foreign investment contributes greatly to the Philippine economy.  Some foreigners wish to establish companies in the Philippines which either form part of the company abroad or with a separate entity from its foreign principal. Either way, companies in the Philippines with foreign principals must be duly […]

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How to Form a Corporation in the Philippines

In order to set up a corporation in the Philippines, the incorporation process is lodged with the Securities & Exchange Commission (SEC). Thus, the following documents must be submitted with the SEC: 1. Name Reservation/Verification Slip 2. Cover Sheet 3. Articles of Incorporation 4. Corporate By-laws 5. Registration Data Sheet 6. Registration Data Sheet (CAPITAL […]

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