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LSDefine
Simple English definitions for legal terms
covenant of good right to convey
Read a random definition: mutuality of remedy
A quick definition of covenant of good right to convey:
A covenant is a formal agreement or promise made between two parties, usually in a contract. It can be an absolute covenant, which is not limited by any condition, or a conditional covenant, which is qualified by a condition. There are different types of covenants, such as affirmative covenants that obligate a party to do something, negative covenants that require a party to refrain from doing something, and covenants that relate directly to land. Covenants can be expressed in a deed or implied by law, and they can run with the land or be personal.A more thorough explanation:
A covenant is a formal agreement or promise made in a contract or deed. It can be absolute or conditional, and can require a party to do something or refrain from doing something. In real estate, a covenant can be a promise to use the property in a certain way or a promise that the property is free from encumbrances. A covenant can also be implied by law or inferred from the conduct of the parties.
- An affirmative covenant requires the owner of a property to undertake certain acts on the property, such as maintaining a fence or landscaping.
- A covenant of seisin is a promise made in a warranty deed that the grantor has the right to convey the property and that the property is free from encumbrances.
- A noncompetition covenant is a promise, usually made in a sale-of-business or employment contract, not to engage in the same type of business for a certain period of time in the same market as the buyer, partner, or employer.
These examples illustrate how a covenant can be used in different contexts and can require different types of actions or refraining from actions. They also show how a covenant can be made in different types of contracts or deeds, and can be implied or inferred from the circumstances.