The brown guaranteed performance contracts Law ( Amended )
合同履约担保法（修订版）
ກົດໝາຍວ່າດ້ວຍ ການຄໍ້າປະກັນ ການປະຕິບັດສັນຍາ ( ສະບັບປັບປຸງ )
Summary
This Law prescribes principles, rules, and measures concerning performance security for contracts, aiming to ensure the fulfillment of contractual obligations, develop property relations, promote production and business operations, drive economic growth, and safeguard social peace and justice. Security refers to the guarantee of the performance of obligations defined by law or contract, and is categorized into two types: statutory security and contractual security.
Articles
Article ມາດຕາ 1
(Purpose of this Law) This Law on Contract Performance Guarantee stipulates the principles, rules, and measures for ensuring the performance of contracts, develops property relations in the lives of the people, promotes production and business operations, contributes to economic development, and brings about social peace and justice.
Article ມາດຕາ 2
(Guarantee) Guarantee refers to the assurance of the performance of obligations defined by law or contract.
Article ມາດຕາ 3
(Types of Guarantee) There are two types of guarantee: statutory guarantee; contractual guarantee.
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