In both its form and its content, this covenant statement is similar to an ancient Near Eastern suzerain–vassal treaty (a treaty between a powerful ruler and a weaker people). The suzerain protects them and provides benefits, and in return, the weaker people (the vassal) owe loyalty and obedience.
The covenant begins with a preamble, which identifies the speaker (24:2). It then includes a historical prologue. This section recounts the suzerain’s gracious acts, describing what God had done for the people in the past (24:3–13).
Next, the covenant lists the stipulations, or required obligations, that the people must follow (24:14–15). It also warns of curses and promises blessings, depending on whether the people obey or disobey (24:19–20).
Finally, the passage notes where the covenant text was recorded so it could be read again in the future (implied in 24:26). It also names witnesses who confirmed the covenant agreement (24:22, 27). See also study note on Exodus 20:1–23:33.