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Supplementary Development Agreement Template for Philippines

A Supplementary Development Agreement under Philippine law is a legal instrument that modifies, extends, or clarifies the terms of an existing development agreement. This document addresses changes or additions to the original development project, incorporating new specifications, timelines, or requirements while ensuring compliance with Philippine construction laws, environmental regulations, and local government requirements. It serves as a crucial tool for managing project changes while maintaining legal certainty and protecting all parties' interests under Philippine jurisdiction.

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What is a Supplementary Development Agreement?

The Supplementary Development Agreement is utilized when parties need to modify or expand the scope of an existing development project in the Philippines. This document becomes necessary when substantial changes occur in project specifications, timelines, costs, or regulatory requirements that weren't covered in the original agreement. It ensures that any modifications to the development project are properly documented and legally binding under Philippine law, while maintaining alignment with local building codes, environmental regulations, and zoning requirements. The agreement typically includes detailed specifications of changes, updated timelines, revised financial terms, and any new compliance requirements, serving as a crucial tool for project management and risk mitigation in Philippine development projects.

What sections should be included in a Supplementary Development Agreement?

1. Parties: Identification of all parties to the agreement, including their legal status and registered addresses

2. Background: Reference to the original development agreement, reason for supplementary agreement, and context of the modifications

3. Definitions: Key terms used in the agreement, including both new definitions and references to definitions from the original agreement

4. Relationship with Original Agreement: Establishes how this supplementary agreement relates to and modifies the original agreement

5. Scope of Supplementary Works: Detailed description of additional or modified development works covered by this agreement

6. Additional or Modified Terms: Specific changes to the original agreement's terms and conditions

7. Timeline and Milestones: Updated or additional project timelines and key delivery dates

8. Financial Terms: Additional or modified payment terms, costs, and financial arrangements

9. Permits and Compliance: Requirements for additional permits, licenses, and regulatory compliance

10. Representations and Warranties: Additional or updated representations and warranties specific to the supplementary works

11. Governing Law and Jurisdiction: Confirmation of Philippine law governance and jurisdiction

12. Execution: Signature blocks and execution requirements

What sections are optional to include in a Supplementary Development Agreement?

1. Environmental Compliance: Include when the supplementary works have specific environmental implications or requirements

2. Local Community Provisions: Include when the supplementary works affect local communities or require specific community engagement

3. Force Majeure Updates: Include when new force majeure considerations need to be addressed

4. Additional Security: Include when new security or guarantees are required for the supplementary works

5. Dispute Resolution Modifications: Include when dispute resolution procedures need to be modified from the original agreement

6. Insurance Updates: Include when additional or modified insurance requirements are necessary

7. Intellectual Property Rights: Include when the supplementary works involve new intellectual property considerations

What schedules should be included in a Supplementary Development Agreement?

1. Schedule 1 - Supplementary Works Specification: Detailed technical specifications for the additional or modified development works

2. Schedule 2 - Updated Site Plans: Modified or additional site plans and drawings

3. Schedule 3 - Revised Project Timeline: Detailed timeline showing integration of supplementary works with original project schedule

4. Schedule 4 - Additional Cost Breakdown: Detailed breakdown of costs for supplementary works

5. Schedule 5 - Modified Payment Schedule: Updated payment milestones and terms

6. Schedule 6 - Additional Permits and Approvals: List of new permits and approvals required for supplementary works

7. Appendix A - Form of Additional Bonds or Guarantees: Templates for any new security instruments required

8. Appendix B - Updated Insurance Requirements: Modified insurance specifications and requirements

9. Appendix C - Environmental Impact Assessment: Environmental assessment for supplementary works if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Philippines

Cost

Free to use

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