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Terms Used In 5 Guam Code Ann. § 655310

  • Contract: A legal written agreement that becomes binding when signed.
No later than twenty days after the Department enters into a contract with a landowner pursuant to this Chapter, the Department shall record with the Department of Land Management a copy of the contract, which shall describe the land subject thereto, together with a reference to the map showing the location of the agricultural preserve in which the property lies. From and after the time of such recordation such contract shall impart such notice thereof to all persons as is afforded by the recording laws of the Territory.

SOURCE: GC § 12520.