Mutual Covenant
/ˈmjuːtʃuəl ˈkʌvənənt/
Definitions
- (n.) A binding agreement between two or more parties in which each party makes mutual promises or obligations.
The parties entered into a mutual covenant to share the property's maintenance costs equally.
Forms
- mutual covenant
- mutual covenants
Related terms
See also
Commentary
The term emphasizes reciprocal promises, distinguishing it from unilateral covenants where only one party undertakes an obligation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.