18 Guam Code Ann. § 88107
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Terms Used In 18 Guam Code Ann. § 88107
- 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.
Partners may, upon or in anticipation of a dissolution of a partnership, agree that none of them will carry on a similar business within the same city or town where the partnership business has been transacted, or within a specified part thereof.
SOURCE: CC § 1675.