Can the state pass laws that impair the obligation of contracts?
The stability of contractual relations is protected by the fundamental law of the land. No law shall be passed that impairs the obligation of contracts between parties. This prevents the government from retroactively changing the terms of private agreements. According to Article III Section 10 1987 Philippine Constitution, this provision upholds the sanctity of legal agreements. “SECTION 10. No law impairing the obligation of contracts shall be passed.” 28-Jan-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
