Page 328 - Important Provisions of The New Civil Code

CONTRACTS

Article 1305. A contract is a meeting of minds

between two persons whereby one binds

himself, with respect to the other, to give

something or to render some service. (1254a)

Article 1306. The contracting parties may

establish such stipulations, clauses, terms and

conditions as they may deem convenient,

provided they are not contrary to law, morals,

good customs, public order, or public policy.

(1255a)

Article 1307. Innominate contracts shall be

regulated by the stipulations of the parties, by

the provisions of Titles I and II of this Book, by

the rules governing the most analogous

nominate contracts, and by the customs of the

place. (n)