A promise in a contract is called a covenant.

When two parties come together to form a contractual agreement, they both agree to fulfill certain obligations. These obligations are usually outlined in a written document and are legally binding. A covenant is a promise made by one or both parties to fulfill a specific obligation or set of obligations.

Covenants can take on many different forms, depending on the nature of the contract. For example, if you’re signing a lease agreement for an apartment, one of the covenants might be that you agree to pay your rent on time each month. In a business contract, a covenant might be that one party agrees to provide a certain service or product to the other party.

Covenants are an important aspect of contracts because they help to ensure that both parties are living up to their end of the deal. When one party fails to fulfill a covenant, the other party may have legal recourse. This could include suing for damages, seeking an injunction to stop the offending party from breaching the contract, or terminating the contract altogether.

It’s important to note that not all promises in a contract are considered covenants. Some promises are more general in nature, and may not have the same level of legal weight as covenants. For example, if a contract includes language stating that one party “will make best efforts” to fulfill a certain obligation, this may not be considered a covenant. The language used in the contract will determine whether a promise is considered a covenant or not.

In summary, a covenant is a promise made by one or both parties in a contract to fulfill a specific obligation or set of obligations. Covenants are an essential aspect of contracts, as they ensure that both parties are living up to their end of the deal. Understanding covenants is essential for anyone involved in drafting, negotiating, or enforcing contractual agreements.