Covenant (law)
A covenant, in its most general sense, is a solemn promise to engage in or refrain from a specified action.
A covenant is a type of contract in which the covenantor makes a promise to a covenantee to do or not do some action. In real property law, the term real covenants is used for conditions tied to the use of land. A "covenant running with the land", also called a covenant appurtenant, imposes duties or restrictions upon the use of that land regardless of the owner. In contrast, the covenant in gross imposes duties or restrictions on a particular owner.
Covenants for title are covenants which come with a deed or title to the property, in which the grantor of the title makes certain guarantees to the grantee.
Under the common law a covenant was distinguished from an ordinary contract by the presence of a seal. Because the presence of a seal indicated an unusual solemnity in the promises made in a covenant, the common law would enforce a covenant even in the absence of consideration. A covenant is also used to describe a contract or a legally binding promise.
Read more about Covenant (law): Covenants Related To Land
Famous quotes containing the word covenant:
“Happy is the house that shelters a friend! It might well be built, like a festal bower or arch, to entertain him a single day. Happier, if he know the solemnity of that relation, and honor its law! He offers himself a candidate for that covenant comes up, like an Olympian, to the great games, where the first- born of the world are the competitors.”
—Ralph Waldo Emerson (18031882)