After Laban disobeyed God’s rebuke, after Jacob rightly also rebukes Laban, Laban proposes a protective agreement with Jacob now out of Laban’s fear. Laban sees he is outside of God’s favor, and he confesses Jacob is within God’s favor.
Additional Scripture: James 5:12, Mark 4:24, Philippians 4:8, Deuteronomy 31:1-8, John 10:27