12 Guam Code Ann. § 14407
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Terms Used In 12 Guam Code Ann. § 14407
- Contract: A legal written agreement that becomes binding when signed.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Should at some point in the future, a determination be made by I Liheslaturan Guåhan, in law, that either a merger between the military and civilian water systems, as approved by the United States, be advisable, or that a broad-scale public-private partnership for the production of water or the transmission and treatment of wastewater be advisable, subject to legislative approval, and if any agreements entered into pursuant to this Chapter are viewed as impeding, such provisions may be included in each contract for the purchase of such contracts, except that no contract shall be purchased in any circumstance where a contractor’s performance has been deemed to be unacceptable in accordance with the provisions of this Chapter.
SOURCE: Added by P.L. 26-144:1 (Sept. 17, 2002).