The Blood Compact Monument is an artwork that was made to honor the first international treaty between the Philippines and Spain. The memorial stands in an area along the side of what is now known as Tagbilaran East Road in the Bool District. Its current spot holds historical significance since it is where Miguel Lopez de Legaspi and Rajah Sikatuna performed a blood compact on March 16, 1565. This gesture supposedly signified peace and friendship between the foreigners and the natives of Bohol.