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

The two companies formed a covenant not to reveal trade secrets.
Contractual Terms
Covenants often specify actions parties must take or avoid.

The covenant included a clause requiring the owner to repaint the house every five years.
Implicit Trust
Entering a covenant implies a high level of mutual trust and is usually well thought out.

Farmers made a covenant to share the irrigation system.
Compare with
AgreementAllianceBondCompactContractPactPromiseTreaty
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