A covenant is different than a contract, it's the mutual binding of lives together. Rather than something that protects its own interest from the other, it builds a new thing alongside one another.
A contract is an agreement between parties while a covenant is a pledge. A contract is an agreement you can break while a covenant is a perpetual promise. You seal a covenant while you sign a contract. A contract is a mutually beneficial relationship while a covenant is something you fulfill.
A covenant is a formal agreement or promise , usually included in a contract or deed , to do or not do a particular act. Covenants are particularly relevant in the fields of contract law and property law. An example of a contractual covenant is a non-compete agreement .
A contract is an agreement between parties while a covenant is a pledge. A contract is an agreement you can break while a covenant is a perpetual promise. You seal a covenant while you sign a contract. A contract is a mutually beneficial relationship while a covenant is something you fulfill.
A covenant is likewise an agreement. However, covenants in the Bible are not usually between equals. Rather, they follow a pattern common to the ancient Near East suzerain-vassal treaties. Suzerain-vassal treaties (as seen among the Hittite kings) were made between a conquering king and the conquered.