1.The term of this agency is one (1) year from signing hereof subject to renewal upon mutual consent of the parties.
2.There shall be no employer-employee relationship between the Agent and Property Company of Friends, Inc. (PCFI) despite the former's duties hereafter stated.
3.Duties of the Agent: (a)secure, read and comply strictly with all the written policies of PCFI; (b)sell exclusively properties of PCFI; (c)promptly assist buyers in the execution of all PCFI official documents to consummate sales, including loan documents of banks/financing companies; (d)not to move or transfer or cause the credit of his/her sale to another group without the written approval of a duly authorized personnel of Pro-Friends; (e)give at least 30-day notice to PCFI in case he/she would decide to terminate the agency; and (f)return all sales kits and materials which he/she had received from PCFI upon termination of agency.
4.PCFI may at any time terminate the contract when agent: (a)commits any misrepresentation in the application; (b)fails to comply with any of its written policies; (c)commits any act prejudicial to the interest of PCFI, its directors, officers, employees, other agents, as well as its projects; (d)falsifies or abets in the falsification of any document for the purpose of generating a sale; and (e)performs any act not authorized in writing by PCFI.
5.The above-stated duties imposed on the Agent are not intended by PCFI to control him/her but only for the purpose of the orderly conduct of its business.