Outrageously Funny Word Dictionary :: Covenants

👉 In legal and business contexts, a covenant is a legally binding agreement between two or more parties that obligates one party to perform certain acts or refrain from certain actions in exchange for the other party's promise of protection or compensation. Covenants can be either express or implied, depending on the context in which they are made. Express covenants: These are contracts where both parties are explicitly bound by their terms and have a legal obligation to fulfill them. For example, a lease agreement between two

covenants