This case has been cited 1 times or more.
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2007-10-11 |
NACHURA, J. |
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| Considering that the parties entered into a contract, it shall constitute the law between them.[17] The agreement between the parties is the formal expression of the parties' rights, duties and obligations.[18] Being the primary law between the parties, it governs the adjudication of their rights and obligations.[19] When the terms of the contract are clear and leave no room for interpretation, the literal meaning of its stipulations shall, therefore, control.[20] A court has no alternative but to enforce the contractual stipulations in the manner they have been agreed upon and written.[21] The petitioner was, therefore, bound to respect the decision of the respondent not to continue on with the lease. Absent any allegation that a stipulation is contrary to law, morals, good customs, public order or public policy, it must be complied with in good faith.[22] | |||||