Covenant Not To Execute South Carolina
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FAQ
Covenant Not to Enforce Judgement The Covenant Not to Enforce Judgment prevents you from attempting to collect against the personal assets of the negligent party.
A covenant not to execute is a promise by the plaintiff, generally the insured or claimant, to limit the amount of damages sought in an insurance lawsuit. It is used as a strategic maneuver by the claimant and insured to target the insurer for monetary damages.
A covenant not to execute is an agreement by the plaintiff in a lawsuit not to enforce a money judgment against a defendant.
A covenant not to execute "is a promise not to enforce a right of action or execute a judgment when one had such a right at the time of entering into the agreement." 76 C.J.S. Release 4 (1994). It is merely a contract and not a release.