Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

independent covenant

Read a random definition: UPUFA

A quick definition of independent covenant:

An independent covenant is a type of promise made in a contract or agreement that imposes a duty on one party that does not depend on the other party's prior performance. This means that the other party does not have to perform until the duty is fulfilled. It is different from a dependent covenant, which imposes a duty that depends on the other party's prior performance. Independent covenants are often used in real estate transactions and can be either affirmative or negative. An affirmative covenant obligates a party to do something, while a negative covenant requires a party to refrain from doing something.

A more thorough explanation:

An independent covenant is a type of covenant that imposes a duty that does not depend on the other party's prior performance. This means that the party who is obligated to perform the covenant must do so regardless of whether the other party has fulfilled their obligations. For example, if a landlord covenants to make repairs to a rental property, this is an independent covenant, and the tenant is not required to fulfill any obligations before the landlord makes the repairs.

One example of an independent covenant is a covenant not to sue. This is a promise by the creditor not to sue either permanently or for a limited period. If the creditor sues despite their promise not to, the debtor has a counterclaim for damages for breach of the creditor's covenant not to sue which is equal to and cancels the original claim.

Another example of an independent covenant is a covenant of seisin. This is a covenant, usually appearing in a warranty deed, stating that the grantor has an estate, or the right to convey an estate, of the quality and size that the grantor purports to convey. For the covenant to be valid, the grantor must have both title and possession at the time of the grant.

independent counsel | independent creation

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
LSD+ is ad-free, with DMs, discounts, case briefs & more.