Contract Lien Law and Legal Definition

Contract lien is a security, charge, or claim in the nature of a lien on real or personal property whereof a party is the owner or in possession, which s/he may, by manifest intent and agreement create and which a court of equity will enforce. The court of equity enforces a contract lien against an owner or a possessor, his/her heirs and personal representatives, and volunteers or claimants under him/her with notice of the agreement.