Guam Stipulation for Dismissal is a legal document that outlines the agreement between parties involved in a lawsuit to resolve the case and dismiss it. This stipulation is specific to the jurisdiction of Guam, which is a U.S. territory located in the Western Pacific Ocean. It provides an alternative method for resolving disputes outside full litigation. Within Guam, there are generally two types of Stipulation for Dismissal that parties may choose to pursue: 1. Voluntary Stipulation for Dismissal: This occurs when the parties involved in the lawsuit mutually agree to settle the matter and request the court's approval to dismiss the case. It signifies that both parties have reached a satisfactory resolution, preventing further litigation and judicial processing. 2. Stipulation for Dismissal with Prejudice: In certain circumstances, the parties may decide to stipulate for dismissal with prejudice. This means that the dismissal is final and prevents any future litigation or claims related to the same issue. Essentially, it terminates the case permanently, barring the parties from bringing the same claim or cause of action before the court again. A Guam Stipulation for Dismissal typically includes various sections, such as: 1. Title and Identification: The stipulation should clearly state its purpose, such as "Guam Stipulation for Dismissal." It should also provide the names and contact information of all parties involved, including their legal representatives. 2. Case Information: This section includes the case number, the court where the lawsuit is pending, and a brief summary of the lawsuit's nature and background. 3. Agreement to Dismiss: Parties must express their mutual agreement to dismiss the case and confirm that the decision is voluntary, without any coercion or undue influence. 4. Dismissal with or without Prejudice: Parties may specify whether the dismissal is with or without prejudice. If dismissal with prejudice is chosen, it should be explicitly stated to prevent future litigation on the same subject. 5. Terms and Conditions: The stipulation may outline any additional terms or conditions agreed upon by the parties, such as any payments, releases, or obligations that arise from the settlement agreement. 6. Court Approval: The stipulation requires the parties to seek the court's approval. This involves signing and submitting the stipulation to the court for review, after which the court may either grant or deny the dismissal. Guam Stipulation for Dismissal serves as an essential legal tool to efficiently resolve disputes in Guam's justice system, facilitating settlements and reducing the burden on the court system. Its flexibility allows parties to negotiate mutually beneficial solutions while avoiding the lengthy and costly process of a full trial.