Guam § 25406 - Constitution of Partnership Beyond Fixed Term.
Full text of Guam Guam Code Annotated § 25406 — Constitution of Partnership Beyond Fixed Term., with citation guidance and answers to common questions.
§ 25406. Constitution of Partnership Beyond Fixed Term.
(1) When a partnership for a fixed term or particular undertaking is
continued after the termination of such term or particular undertaking
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without any express agreement, the rights and duties of the partners remain
the same as they were at such termination, so far as is consistent with a
partnership at will.
(2) A continuation of the business by the partners or such of them as
habitually acted therein during the term, without any settlement or
liquidation of the partnership affairs, is prima facie evidence of a
continuation of the partnership.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 25406
What does Guam Code Annotated § 25406 cover?
Section 25406 ("Constitution of Partnership Beyond Fixed Term.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 25406?
A common citation format is "Guam Code Annotated § 25406" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 25406 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.