Supreme Court finds PacAir Properties breached contract; restitution to be determined

The Supreme Court of Guam upheld trial court’s findings that PacAir Properties Inc. violated a written agreement with Unified Interest for consultation services.

The two companies signed a consulting agreement on Oct. 18, 2011 stating that Unified Interest would act as PacAir Properties’ government real estate consultant for a lease with the General Service Administration for one year and would be paid a retainer fee of $500 within 15 days upon full execution of the contract and 1% of the total gross rent for the guaranteed lease term, if awarded to PacAir. After receiving the award, PacAir Properties did . . .

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