covenantee


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Related to covenantee: covenantor

covenantee

the person to whom the promise in a COVENANT is made.

COVENANTEE. One in whose favor a covenant is made.

References in periodicals archive ?
LEGAL COMMENTARY: A covenant by a physician not to compete is not against public policy if it is intended to protect a legitimate interest of the covenantee and is not so broad as to be oppressive to the covenanter or the public.
60) The covenantee would subsequently assume any income tax liability.
66) "[T]he covenant against encumbrances protects the covenantee, its successors and assigns, against rights or interests in the property conveyed which subsist in third persons and diminish the value of the estate even though they are consistent with the passage of the fee in the estate.
The test developed by Taft was whether the restraint "is merely ancillary to the main purpose of a lawful contract, and necessary to protect the covenantee, in the enjoyment of the legitimate fruits of the contract, or to protect him from the dangers of an unjust use of those fruits by the other party.
at 282, Judge Taft uses notions of legitimate business interests in setting out an early framework for evaluating contracts in partial restraint of trade as follows "no conventional restraint of trade can be enforced unless the covenant embodying it is merely ancillary to the main purpose of a lawful contract, and necessary to protect the covenantee in the full enjoyment of the legitimate fruits of the contract, or to protect him from the dangers of an unjust use of those fruits by the other party.
Justice Taft held that "no conventional restraint of trade can be enforced unless the covenant embodying it is merely ancillary to the main purpose of a lawful contract, and necessary to protect the covenantee in the enjoyment of the legitimate fruits of the contract, or to protect him from the dangers of an unjust use of those fruits by the other party.