18 Guam Code Ann. § 88103
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Terms Used In 18 Guam Code Ann. § 88103
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Every contract by which the amount of damage to be paid, or other compensation to be made, for a breach of an obligation, is determined in anticipation thereof, is to that extent void, except as expressly provided in the next section.
SOURCE: CC § 1670.
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 88 UNLAWFUL CONTRACTS