What is the difference between a covenant and a contract?

A covenant and a contract are two different legal agreements which are often used in the state of Washington. Generally speaking, a covenant is an agreement in which one party will do something, while a contract is an agreement in which each party will do something. Covenants are typically used as part of a contract, and are used to provide a promise to the other party. For example, a covenant may be used to promise that a party will keep the agreement confidential, or to promise to refrain from doing something. In contrast, a contract is a legally binding agreement between two or more parties which outlines the specific details of what each party will provide, or do, in exchange for something of value. The main differences between a covenant and a contract are that a covenant is an agreement between two parties that involves promises, while a contract typically involves exchanges of goods or services for consideration. Additionally, a covenant does not require consideration, meaning that it does not need to be supported with something of value, whereas a contract does require consideration. Furthermore, a covenant is a unilateral agreement, meaning only one party is legally bound to fulfill the terms of the covenant, whereas a contract is a bilateral agreement and both parties must fulfill the terms of the contract.

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