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Examples of covenants God made a covenant with Noah, promising to never again destroy the earth by a flood (Genesis ). He made a covenant with Abraham, promising to bless his descendants physically and to bless all mankind spiritually through Jesus Christ (Genesis -3 ; -18 ; Galatians , 16 ).
Common examples include restricting a company from issuing dividends to its shareholders, restricting management fees from being paid to related parties, or restricting the amount of debt a business can carry. A negative covenant can be circumnavigated with specific overriding approval of the covenant issuer.
Covenants define obligations and commitments, but they are different from a contract because they are relational and personal. Think of a marriage?a husband and wife choose to enter into a formal relationship, binding themselves to one another in lifelong faithfulness and devotion.
For example, if two individuals enter into a contract where one promises to pay the other a certain amount of money, this is a personal covenant. If the person who made the promise dies, their heirs or assigns are not obligated to fulfill the promise.
A proper ?covenant relationship? with God requires five major experiences: 1) Faith, faith in Jehovah God and Jesus Christ. 2) Repentance of sins. 3) Confession of sins. 4) Baptism and 5) Obedience, effective operation of all of these means genuine conversion.