Covenant

/ˈkʌvənənt/
Definition 1 of 2
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Binding Promise

A covenant in legal terms is a serious commitment with legal consequences if broken.

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The two companies formed a covenant not to reveal trade secrets.
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Contractual Terms

Covenants often specify actions parties must take or avoid.

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The covenant included a clause requiring the owner to repaint the house every five years.
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Implicit Trust

Entering a covenant implies a high level of mutual trust and is usually well thought out.

Illustration for Implicit Trust
Farmers made a covenant to share the irrigation system.
Visual representation of the word "Covenant"

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