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Example of a Covenant Not to Sue . For example, imagine the environmental regulatory body of a state government determines that a manufacturing firm is not properly handling hazardous waste products.
Example of Covenants Not to Execute . For example, a construction company purchases a liability insurance policy to protect it against certain risks while it builds a new hospital.
For example, you may need to replant dead grass and shrubbery. You also may be unable to repaint your house a vibrant color when the covenants only permit neutral tones.
For example, you may need to replant dead grass and shrubbery. You also may be unable to repaint your house a vibrant color when the covenants only permit neutral tones.
Affirmative covenants are positive and stipulate that the issuer perform certain actions that continue to ensure the company’s trustworthiness and creditworthiness. They’re also meant to protect the ...
Example of a restrictive covenant. One common example of a restrictive covenant is a rule that stops you from building new structures on your property. If you live in a neighbourhood full of detached ...
The covenant of good faith and fair dealing is well established in American contract law. The Restatement (Second) of Contracts Section 205 states plainly: “Every contract imposes upon each ...