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covenant meaning in law pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What is an example of a covenant in property law?

Covenants are particularly relevant in the fields of contract law and property law. An example of a contractual covenant is a non-compete agreement. Examples of common covenants in property law include agreements not to build a fence or agreements to maintain a shared driveway.

What is a covenant in real estate?

A covenantor makes a promise to a covenantee to perform an action (affirmative covenant in the United States or positive covenant in England and Wales) or to refrain from an action (negative covenant). In real property law, the term real covenants means that conditions are tied to the ownership or use of land.

What does a covenant mean?

In a more technical sense, a covenant is an agreement between two or more persons, entered into in writing and under seal, whereby either party: Stipulates for the truth of certain facts. Promises to perform or give something to the other. Promises to abstain from the performance of certain things.

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