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What is Understanding Civil Contracts in Guatemala about?

The document defines civil contracts and explains that they are agreements between two or more parties that create, modify, or extinguish obligations. It then lists twelve types of civil contracts, including bilateral, consensual, real, and adhesion contracts. The bilateral contract is specifically defined as one where two parties mutually bind themselves and create rights and duties between each other, with examples such as leasing, lending, and sales.

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