personal covenant

A covenant that creates a personal right or obligation enforceable only between the cove-nanting parties and that is not binding on the heirs or assigns of the parties. Cf. covenant running with the land.

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词条贡献者

译者张文，国际知名商学院金融专业，擅长翻译各种与结构性融资及衍生品诉讼相关的法律文件。