RETAINER CONTRACT
KNOW ALL MEN BY THESE PRESENTS:
This Contract made and executed by and between:
AMAHONG CORPORATION., a corporation duly organized and existing
under Philippine laws, with principal address at CPG Avenue, Tagbilaran City,
Bohol, Philippines and herein represented by VINCENT T. LIM, Chief Operations
Officer, hereinafter referred to as “CLIENT”;
-and-
_______________ LAW FIRM, a law firm under and by virtue of the laws
of the Republic of the Philippines as a general professional partnership, with
principal office at Gallares St. Tagbilaran City, Bohol, Philippines and represented
by the Managing Partner, ATTY. ROY A. IBARRA and ATTY. LYCEL B.
OLALO, hereinafter referred to as the “LAW FIRM”;
WITNESSETH: That -
WHEREAS, the LAW FIRM has offered its professional legal services to the
CLIENT and CLIENT agrees to retain the professional legal services of the LAW
FIRM under a retainership basis, subject to the terms and conditions hereinafter
stipulated;
NOW THEREFORE, for and in consideration of the mutual covenants and
agreements herein agree upon, the CLIENT and the LAW FIRM, by these
presents, have entered, as they hereby enter, into a Contract of Services whereby
the LAW FIRM shall render legal services to the CLIENT, under the following
terms and conditions:
1. The term or duration of this contract shall be for one (1) year effective
upon signing of this agreement and shall automatically renewed on a year to year
basis unless either party pre-terminates the same upon serving a thirty (30) day
prior written notice to the other party, without need of cause;
2. The LAW FIRM, while in the performance of its duties, shall be entitled
to a fixed monthly retainer fee of FIFTY THOUSAND PESOS (Php 50,000.00);
3. The LAW FIRM shall render documentation and notarial services to the
CLIENT as part of this retainership. CLIENT’S documents shall be notarized free
of charge while documents requiring the participation and signature of a party
other than CLIENT shall be subject to fees or charge;
4. In case of extra-judicial foreclosure of mortgage endorsed to the LAW
FIRM by the CLIENT, the attorney’s fees shall be at the rates provided under a
separate document hereto attached;
5. The LAW FIRM shall handle other cases as reffered to it by the CLIENT
for a fee that shall be determined by mutual agreement of the LAW FIRM and
CLIENT, on a case to case basis, such as, but not limited to, all suits or cases for or
against the CLIENT, including officers and employees of the CLIENT sued un
their official capacity;
6. The LAW FIRM shall not compromise or settle judicially or extra-
judicially any account, foreclosure proceeding or suit wherein consent and
conformity of the CLIENT or his duly authorized officer;
7. Routinary expenses for mailing of demand letters, pleadings to court and
copies thereof to adverse parties, costs of photocopy of evidentiary documents,
payments of stenographic notes, costs of publications of notices, as well as filing
fees and other legal expenses in court shall be for the account of the CLIENT;
8. The LAW FIRM shall keep in its office a docket of record in which it
shall cause to be recorded all proceedings connected with any action which the
CLIENT is interested and shall keep such other records necessary to preserve a
complete history of the business of the CLIENT entrusted to its charge.
9. Any violations of the terms and conditions of this Contract by the LAW
FIRM shall give the CLIENT the option to rescind or cancel immediately the
contract without necessity of judicial proceedings;
10. The CLIENT reserves the right to terminate this Agreement without
need of cause or reason upon thirty-day written notice to the LAW FIRM.
IN WITNESS WHEREOF, the parties hereunto set their hands
this 16th day of October 2021 at the City of Tagbilaran City, Bohol, Philippines.
ATTY. ROY A. IBARRA
Managing Partner/Law Firm
ID No. 0090-23003
ATTY. LYCEL B. OLALO
Managing Partner/Law Firm
ID No. 0090-2556
Signed in the presence of:
ISABEL M. GARBO PETER JAMES S. LASANG
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES)
CITY OF TAGBILARAN )S.S.
BEFORE ME, this 16th day of October, 2021 at Tagbilaran
City, Bohol, Philippines, personally appeared the following persons
above together with other two (2) instrumental witnesses with their
aforementioned competent evidence of identity, who are known to
me to be the same persons who executed the forgoing instrument
and acknowledged that the same is their free will and voluntary act.
This RETAINESHIP CONTRACT consists of three (3) pages
including this page in which the acknowledgement is written duly
signed by the parties and instrumental witnesses at the left hand
margin hereof.
WITNESS MY HAND and notarial seal at the date and place
above written.
ATTY ABCD
Notary Public Comm. Until Dec. 31, 2021
For and in the City of ______________ and Province of Bohol
Room 4, _____________ Building, C.P.G. North Ave. ____________. City
NCS. No. 2015-23, Roll No. 23556
IBP No. 37788-Bohol; TIN 056-777-780-000
PTR No. 998079 09/09/20
MCLE Compliance IV-00399, 3/23/21
Doc. No. 169;
Page No. 20;
Book No. XV;
Series of 2021.
