Iowa General Covenant Not to Sue

State:
Multi-State
Control #:
US-0628BG
Format:
Word; 
Rich Text
Instant download

Description

A covenant not to sue is an agreement entered into by a person who has a legal claim against another but agrees not to pursue the claim. Such a covenant does not extinguish a cause of action and does not release other joint tortfeasors even if it does not specifically reserve rights against them.

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FAQ

A covenant is a spiritual agreement rather than a legally enforceable contract. A covenant is a promise whereas a contract is a binding agreement between two or more parties. A covenant is a long-term guarantee, but a contract is a one-time commitment that may be broken.

A covenant not to sue is a legal agreement in which the party seeking damages agrees not to sue the party that it has cause against.

A covenant is a rule which states what can and cannot be done on the land. They are usually created in a deed between two parties, with one party agreeing to restrict the use of its land in a certain way for the benefit of another's land.

A formal agreement or promise, usually included in a contract or deed, to do or not do a particular act; a compact or stipulation made in writing or by parol.

A release is a waiver or relinquishment of a known right. A release of liability will relinquish, or destroy, the injured party's cause of action. A covenant not to sue, on the other hand, is not a waiver of a known right; nothing is relinquished or destroyed.

As nouns the difference between covenant and agreement is that covenant is (legal) an agreement to do or not do a particular thing while agreement is (countable) an understanding between entities to follow a specific course of conduct.

A formal agreement or promise, usually included in a contract or deed, to do or not do a particular act; a compact or stipulation made in writing or by parol.

A covenant not to execute is a contract where a defendant admits to liability and a set amount of damages, and the plaintiff agrees not to seek a judgment against the defendant based on that admission.

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Iowa General Covenant Not to Sue