Document background
The Engagement Letter is a crucial business document used in the Philippines to formalize professional service relationships across various industries. It serves as the primary instrument for establishing the terms of engagement between professional service providers and their clients, combining elements of both formal agreements and professional correspondence. This document type is particularly important in the Philippine context, where business relationships often blend formal requirements with personal relationships. The engagement letter must comply with Philippine laws, including the Civil Code, Professional Regulation Commission requirements, and industry-specific regulations. It typically includes detailed service descriptions, fee arrangements, timelines, and professional obligations while maintaining a more accessible format than traditional contracts. The document is essential for protecting both parties' interests while ensuring clarity in professional relationships and compliance with local regulatory requirements.
