Covenants are not merely contracts or promises. Rather, covenants are relationships under authority, with both obligations and rewards. The terms and benefits of the relationship are spelled out, and so are the consequences if the relationship is broken. But what is perhaps most significant about biblical covenants is that when God enters into a covenant, He must condescend to initiate it, He sets the terms, He provides the benefits, and He executes the judgment when the covenant is broken.