Concurrent Covenants Law and Legal Definition

Concurrent covenants are covenants that require one party to fulfill his/her promise to do or not do something at the same time the other party to the covenant has to fulfill his/her promise.

Concurrent covenants are those, where mutual conditions are to be performed at the same time; and in covenants of this character, if the one party is ready, and offers to perform his part of the covenant, and the other refuses or neglects to perform his part, the party who was ready has fulfilled his engagement, and may maintain his action for the breach or default of the other; although it is uncertain which is obliged to do the first act. But to entitle him to recover, he must aver and prove such offer to perform. [Snow v. Johnson, 1 Minn. 48, 52 (Minn. 1851)].