Guam § 7412 - Contract between Contestant and Licensee: Copy Provided
Full text of Guam Guam Code Annotated § 7412 — Contract between Contestant and Licensee: Copy Provided, with citation guidance and answers to common questions.
§ 7412. Contract between Contestant and Licensee: Copy Provided
to Contestant and Executive Secretary; Impounding Gate Receipts.
(a) Every contestant competing under the terms of this Chapter, or
regulation of the Commission, is entitled to receive a copy of a written
contract or agreement, approved as to form by the Commission, binding
the licensee to pay the contestant a certain fixed fee or percentage of the
gate receipts.
(b) One (1) copy of the agreement must be filed with the Executive
Secretary of the Commission and one (1) copy must be retained by the
licensee or sponsor of the contest.
COL 03072011
11 GCA FINANCE & TAXATION
(c) The Inspector or member of the Commission in attendance at
the contest shall determine whether such an agreement has been
delivered to each contestant and may require that a sufficient amount of
the gate receipts be impounded to pay the contestants according to those
agreements.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 7412
What does Guam Code Annotated § 7412 cover?
Section 7412 ("Contract between Contestant and Licensee: Copy Provided") 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 § 7412?
A common citation format is "Guam Code Annotated § 7412" (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 § 7412 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.