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What makes a covenant valid?

The covenant must not be personal in nature - it must benefit the land rather than an individual. The covenant must touch and concern the land - it must affect how the land is used or the value of the land. The benefited land must be identifiable.

What is an implied obligation?

An implied contract is a legally-binding obligation that derives from actions, conduct, or circumstances of one or more parties in an agreement. It has the same legal force as an express contract, which is a contract that is voluntarily entered into and agreed on verbally or in writing by two or more parties.

What is a covenant in the law?

A covenant is a formal agreement or promise, usually included in a contract or deed, to do or not do a particular act. Covenants are particularly relevant in the fields of contract law and property law.

What is the purpose of covenants in a contract?

In its simplest terms, a covenant is an agreement to do or to not do something. Covenants are unconditional promises found in contracts, and the failure of a party who makes such an agreement to abide by its terms will entitle the other contracting party to damages for bdocHub of contract.

What is an implied contract in law?

A contract implied in law, also known as a quasi-contract or a constructive contract, is an obligation created by law for the sake of justice or to avoid unjust enrichment.

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