2.1 The Owner shall provide the designated Billboard in good and serviceable condition for display of the Renter's Advertising Material during the agreed Rental Period only. The Rental Period is on a monthly basis and shall not automatically renew. Any extension requires a new agreement or written consent from the Owner.
2.2 Production, printing, and delivery of Advertising Material is the Renter's responsibility and expense. Installation and removal shall be handled by the Owner or its authorized personnel.
2.3 The Owner may adjust rental rates for any new or extended Rental Period with at least thirty (30) days' prior written notice.
3.1 The Renter shall pay the agreed monthly rental fee in Philippine Pesos (PHP) through post-dated checks as provided in this Section. All applicable taxes shall be for the account of the party liable under the NIRC.
3.2 Upon execution of the Rental Agreement, the Renter shall issue post-dated checks (PDCs) covering the full Rental Period. Each check shall correspond to one (1) month's rental and be dated on or before the 1st day of the applicable month. PDCs must be delivered before the Rental Period begins.
3.3 If any PDC is dishonored upon presentment for any reason:
3.5 Upon early termination by mutual consent or valid termination, the Owner shall return all undeposited PDCs within seven (7) days.
4.1 The Renter warrants that all Advertising Material complies with Philippine law, including R.A. 7394 (Consumer Act), Ad Standards Council (ASC) rules, and applicable LGU ordinances. The Renter shall secure all required permits at its own expense.
4.2 The Owner may refuse or remove any Advertising Material that is obscene, misleading, illegal, or violates public policy.
4.3 The Renter shall hold the Owner harmless from any claim or liability arising from the content of the Advertising Material, including intellectual property infringement claims.
5.1 The Owner is responsible for all structural permits and licenses for the Billboard, including compliance with the National Building Code (P.D. 1096), DPWH regulations, and LGU ordinances. If a Billboard is ordered removed due to the Owner's non-compliance, the Renter is entitled to a pro-rata refund.
5.2 The Owner shall keep the Billboard in good, safe, and working condition. Damage to the Advertising Material caused by the Owner's negligence entitles the Renter to a free replacement or credit. Damage caused by the Renter shall be repaired at the Renter's expense.
6.1 Neither party is liable for delays or failure to perform due to events beyond reasonable control (natural disasters, fire, war, pandemics, government orders). The affected party must notify the other in writing within five (5) days.
6.2 If the Billboard is unusable for more than thirty (30) consecutive days due to force majeure, either party may terminate without penalty, subject to a pro-rata refund of prepaid rentals and return of undeposited PDCs.
7.1 Either party may terminate by giving at least fifteen (15) days' written notice before the end of the current Rental Period.
7.2 The Owner may immediately terminate if: a PDC is dishonored or the Renter fails to pay within fifteen (15) days from the due date; the Renter breaches any material term and fails to cure within ten (10) days of written notice; or the Advertising Material violates any law or court order.
7.3 Upon termination, the Renter shall retrieve its Advertising Material within seven (7) days. Unclaimed material may be disposed of at the Renter's expense.
8.1 The Owner's total liability shall not exceed the rental fees actually paid for the current Rental Period. Neither party shall be liable for indirect or consequential damages, including lost profits.
9.1 Disputes shall first be settled through good-faith negotiation within thirty (30) days.
9.2 These Terms and Conditions, together with the Rental Agreement, constitute the entire agreement. Amendments must be in writing and signed by both parties. If any provision is found invalid, the remaining provisions remain in full effect.
9.3 All notices shall be in writing, delivered personally, by registered mail, or by email to the addresses in the Rental Agreement.
10.1 Both parties shall comply with R.A. 10173 (Data Privacy Act) with respect to any personal data processed hereunder.