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Promise. 1) n. a firm agreement to perform an act, refrain from acting or make a payment or delivery. In contract law, if the parties exchange promises, each promise is "consideration" (a valuable item) for the other promise.
At common law, there could be no action between husband and wife for tort. If the other spouse committed a tort, neither the wife could sue her husband nor the husband could sue his wife.
An agreement not to sue, also called a covenant not to sue, in which the party seeking damages agrees not to sue the party that it has cause against. A covenant not to sue may indicate that the potential claimant will never sue or it may indicate that the claimant will postpone a lawsuit for a defined period of time.
A promise is not legally binding, but a contract is. While people of honor and strong moral character strive to keep promises whenever possible, there are no legal repercussions for breaking one the way there are for breaching a contract.
A covenant not to sue legally obliges a party that could initiate a lawsuit not to do so. The covenant is made explicitly between two parties, and any third party that wants to make a claim is legally allowed to do so. Covenants not to sue are used to settle specific legal issues outside of the court system.
An agreement not to sue, also called a covenant not to sue, in which the party seeking damages agrees not to sue the party that it has cause against. A covenant not to sue may indicate that the potential claimant will never sue or it may indicate that the claimant will postpone a lawsuit for a defined period of time.
assertion covenant (nonassert for short) is an agreement by a party not to seek to enforce patent or other intellectual property rights it may have against another party or parties.
Ten common sense ways to avoid being suedMaintain good communications.Avoid giving false expectations.Make the client make the hard decisions.Document your advice and the client's decisions.Don't initiate hostilities against the client.Avoid, or handle with care, the borderline personality client.More items...