implied mutual covenant
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 75 U.S. 77 - United States v. Speed · 1868Most cited · 86 citing opinions
where the obligation of plaintiffs requires an expenditure of a large sum in preparation to enable them to perform it, and a continuous readiness to perform, the law implies a duty in the other party to do whatever is necessary for him to do to enable plaintiffs to comply with their promise or covenant