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LSDefine

Simple English definitions for legal terms

independent covenant

Read a random definition: Federal Housing Administration

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

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lilypadfrog
15:36
found out my stats twin on here went to middle school with me
15:36
Wrf
Honestly, I might put a Chi R on my app page since I withdrew due to missed II waves
is that crazy or does that ruin the data?
choosingpeace
15:36
don't do that
lilypadfrog
15:36
I would mark just that you withdrew it
o shi ok
it just feels like I left before the WL or R, feels fake as hell. I guess I'll put withdraw on it
choosingpeace
15:37
anyone been to the city of philly plzzz tell me what ur experience was like
cumsock
15:37
@choosingpeace: Philly doesn’t stink whoever said that is dumb
cumsock
15:38
It’s the 6th biggest city in the country there is plenty to do and eat and so on and so forth of course it has bad areas but so does every city
why would you withdraw girl
15:38
@ImpartialLion: nah cuz there’s no way of knowing if they would’ve sent u an II later on
15:38
Isn’t uchicago like Top 4 tho
choosingpeace
15:38
@cumsock: they said there's like nothing to do there lol
choosingpeace
15:38
ive never been so i was just like ohhh
texaslawhopefully
15:38
UChicago is number one
^ period
u know it was a double thing. I missed II and my gf didn't want to live in the midwest anymore
15:39
But it’s fucking uchicago thooo LOL
15:39
I
15:40
Makes sense tho
cumsock
15:40
@choosingpeace: there’s plenty to do in Philly 😂 it’s a giant city
So after missing the II, I was like whatever. Maybe it's a sign to withdraw
nah making decisions off the gf is out of pocket
nahhhhh we been together since 10th grade
texaslawhopefully
15:40
I guess it depends what your goals are. If it's generic biglaw, CLS will get you the same outcome
6 yrs on January 30th
lilypadfrog
15:40
awwww <3 i love love
I also like CLS for liberal clerking. approx 41 FCOA clerks per yr
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