The Pact was signed in, and named after, the residence of COPEI leader Rafael Caldera in Caracas, by representatives for the three parties. Its adherents claimed the Pact was aimed at preserving Venezuelan democracy by respecting elections, having the winners of the elections consider including members of the signing parties and others in positions of power in bids for national unity governments, and having a basic shared program of government. They guaranteed, for example, the continuation of obligatory military service, improved salaries, housing, and equipment for the military, and, perhaps most importantly, amnesty from prosecution for crimes committed during the Pérez Jiménez dictatorship.