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 ?
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.
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.