Company Memorandum of Agreement
Company Memorandum of Agreement
Company Memorandum of Agreement
This Agreement made and entered into this <nst/nth/nrd> day of <Month> 2022 by and
between:
and
WITNESSETH
WHEREAS, the COMPANY is an institution which has for its purpose and functions
<Functions and purpose of the Company>.
WHEREAS, the COMPANY desires to help and provide opportunity for actual work
exposure and offers other educational assistance to deserving and qualified students of the
PAMANTASAN in the form of on-the-job-training;
CHAPTER I
NATURE AND SCOPE OF THE AGREEMENT
SECTION 1 This Agreement shall provide a suitable mechanics by which the assignment,
training and rotation of Student-Interns from the PAMANTASAN to the COMPANY can be
rationally effected.
CHAPTER II
RIGHTS AND OBLIGATIONS OF THE PAMANTASAN
SECTION 1 The PAMANTASAN shall field an incoming <BS Psychology> Student-Intern for
On-the-Job Training/ Practicum Training/Internship to the COMPANY from <Start Date> to
<End Date>, SY <2022-2023>.
SECTION 2 The PAMANTASAN shall inform the Student-Intern of the curricular and other
requirements of the On-the-Job Training/ Practicum Training/Internship prior to the
internship/training period.
SECTION 3 The PAMANTASAN shall prepare the training plan or proposed areas of skills
where students need further training and experience.
SECTION 6 The PAMANTASAN shall renounce and waive any claim against the COMPANY
for any injury or loss that the student intern may sustain or suffer, personal or pecuniary, in the
performance of their duties and functions while under training not attributable to the negligence
or wilful act or omission of any of the personnel, officers, and agents of the COMPANY.
SECTION 7 The PAMANTASAN shall reasonably exert reasonable efforts that the Student-
Intern settles all his responsibilities before the termination of this Memorandum of Agreement.
However, nothing herein shall be construed as to make the PAMANTASAN primarily or
subsidiarily liable for the financial accountabilities of the Student-Intern to the COMPANY.
CHAPTER III
RIGHTS AND OBLIGATIONS OF THE COMPANY
SECTION 1 The COMPANY shall make its staff and facilities available in the training of the
Student-Intern of the PAMANTASAN. It shall be responsible for the following:
c. For this purpose, the COMPANY in consultation with the PAMANTASAN shall
determine the content of the course and the instructional materials that maybe needed;
d. The equipment and facilities of the COMPANY shall be made available for the use of
training of the Student-Intern during reasonable hours.
SECTION 2 The COMPANY shall designate a Company Coordinator, who shall act as over-all
coordinator of the On-the-Job Training/ Practicum Training/Internship of the student.
SECTION 3 Upon admission, the COMPANY shall orient the Student-Intern on the programs,
services, policies, and procedures of the COMPANY. The COMPANY shall provide the
Student-Intern and the PAMANTASAN a copy of the training manual and/or other pertinent
rules, regulations, and policies of the COMPANY.
SECTION 4 The COMPANY shall coordinate with the PAMANTASAN in order to maximize
the learning of the students and address valid concerns.
SECTION 5 The COMPANY shall make available for the use of the STUDENT-INTERN, its
equipments, materials, and other available facilities such as libraries, laboratories, audio-visual
room, among others, provided that it does not in any way interfere with or hamper the operation
of the COMPANY, insofar as the latter’s program and regular activities are concerned
SECTION 6 The COMPANY shall provide a safe and conducive working environment for the
student interns and ensure that the students are amply protected from harassment, exploitation or
any incident which shall put under peril their life, health, honor, and property.
SECTION 7 The COMPANY shall at all times secure the safety and welfare of the Student-
Intern; Provided, however, that the COMPANY shall be held solely liable for the injuries
sustained by the Student-Intern caused by the defective facilities, machines and equipment of the
COMPANY; Provided further, that the COMPANY shall not be accountable for injuries
sustained by the Student-Intern caused by his own negligent act or omission.
SECTION 8 The COMPANY shall not be liable for any litigation involving the STUDENT-
INTERNS due to the latter’s negligence and acts in violation of the rules and regulations of the
training program of the COMPANY except to provide, all the necessary cooperation and
assistance to the student-trainees concerned.
SECTION 9 The Company shall evaluate the student and grade them accordingly at the
completion of the On-the-Job Training/ Practicum Training/Internship, subject to the rules and
regulations prescribed by the PAMANTASAN.
SECTION 10 The COMPANY reserves the right to dismiss the Student-Intern, when proven
guilty by a fact-finding committee composed of representatives from both PARTIES, for any
violation of the training agreement, misdemeanour, improper behaviour, violation of
COMPANY rules, regulations and policies, and other similar causes in the course of their stay at
the COMPANY.
CHAPTER IV
RIGHTS AND OBLIGATIONS OF THE STUDENT-INTERN
SECTION 1 The period of training for the Student-Intern shall cover <Number of
hours/period>.
SECTION 3 The Student-Intern shall strictly observe and comply with the policies, rules and
regulations governing the Internship Program set forth by the COMPANY during and in the
course of the training.
SECTION 4 Student-Interns shall be personally responsible for claims and liabilities for
personal injury or damages or losses of the COMPANY property, equipment, and supplies they
may cause in the course of their practicum/on-the-job training which, when required by the
circumstance, shall be determined by a fact-finding body created for the purpose.
CHAPTER V
AFFILIATION AND OTHER FEES
(If Applicable)
SECTION 1 Affiliation and other fees per Student-Intern per month are as follows:
(Enumerate each fee in detail and provide a total amount to be paid by each Student-Intern)
No fees/affiliation charges will be collected from all student-interns from the start and up to the
last period of their internship.
CHAPTER VI
ARBITRATION
SECTION 1 Should any dispute, disagreement or controversy arise from this Agreement, the
PARTIES agree to resort to mediation or arbitration to be conducted by and under the rules of
the National Center for Mediation of the Philippines which mediation shall not exceed thirty (30)
days notwithstanding any agreement or provision to the contrary. The PARTIES agree that they
will equally shoulder any and all expenses related to mediation or arbitration. No court action
can be filed without undergoing the process provided in this Section.
CHAPTER VII
CONFIDENTIALITY
CHAPTER VIII
EFFECTIVITY
SECTION 1 This Agreement shall take effect on <Exact Date> and shall be effective for a
period of <Period> thereafter.
SECTION 2 This agreement may be extended or renewed under terms and conditions mutually
agreed upon by the PARTIES in writing at any time prior to its revocation or termination.
CHAPTER IX
AMENDMENT AND TERMINATION
SECTION 1 This Agreement shall not be considered as changed, modified, or altered unless
such changes, modifications, or alterations are in writing and signed by both PARTIES to this
Agreement.
SECTION 2 This Agreement and all other documents executed in relation to or in connection
with these agreements which are specifically incorporated herein, shall constitute the entire
agreement between the PARTIES. Both PARTIES are not and shall not be bound by any
stipulations, representations, agreements, or promises, oral or otherwise, not contained in this
Agreement or any document incorporated therein, unless stipulated to the contrary.
SECTION 3 This agreement is subject to renewal upon serving of notice of renewal at least
thirty (30) days before the date of termination of this contract.
SECTION 4 This agreement may be terminated upon violation or non-compliance with any
terms and conditions stipulated herein. Either PARTY shall make notice of termination at least
thirty (30) days prior to the intended date of termination.
IN WITNESS WHEREOF, we hereunto set our hands this ____ day of ___________,
2022, in Manila, Philippines.
_____________________________ ______________________________
(Name of Company Representative) Name of the PLM President/VPAA
(Position) President/VPAA
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the City of Manila, on this ___day of _______,
personally appeared: ____________, who exhibited to me his/her ___________, issued at
_______on_______; and ______________, who exhibited to me his/her_________, issued
at________on_______, known to me to be the same persons who executed the foregoing
Memorandum of Agreement and who acknowledged to me that the same is their own free and
voluntary act and deed.
WITNESS MY HAND AND SEAL on the date and in the place first above written
Doc. No.______
Page No.______
Book No.______
Series of _______