New Mexico General Covenant Not to Sue
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FAQ
We prosecute criminal and civil offenses; advocate for consumers and those without a voice; empower the public by proactively educating them and connecting them with beneficial resources; and serve as legal counsel for the State and its agents.
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.
If your matter does not fit into any of these categories, please call us at 1-844-255-9210 to discuss your situation with one of our advocates before you file your complaint.
Covenant Not To Sue an agreement by an injured party not to sue the party that caused the injury. It is distinguishable from a release of liability. 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.
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.
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.
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.
