Good Faith definition: Copy, customize, and use instantly
Introduction
The term "Good Faith" refers to an underlying principle in contracts and legal relationships requiring parties to act honestly, fairly, and with integrity. It is essential in ensuring mutual trust, compliance with obligations, and the avoidance of deceit or bad faith practices in agreements and dealings.
Below are various examples of how "Good Faith" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Good Faith" as an obligation of honesty
This definition ties "Good Faith" to honest behavior.
"Good Faith" means acting with honesty, sincerity, and the absence of intent to deceive or defraud another party in the performance of contractual or legal obligations.
Definition of "Good Faith" as a standard of fair dealing
This definition connects "Good Faith" to fairness in transactions.
"Good Faith" refers to the obligation of parties to act fairly and reasonably toward one another, ensuring the integrity of contractual and legal relationships.
Definition of "Good Faith" as a commitment to fulfill obligations
This definition links "Good Faith" to performance expectations.
"Good Faith" means the commitment of parties to make reasonable efforts to fulfill their obligations under an agreement without resorting to opportunistic or dishonest conduct.
Definition of "Good Faith" as a principle in negotiations
This definition applies "Good Faith" to pre-contractual dealings.
"Good Faith" refers to the principle requiring parties to negotiate with honesty, transparency, and a genuine intent to reach a fair agreement without misleading or coercive tactics.
Definition of "Good Faith" as an expectation in dispute resolution
This definition ties "Good Faith" to conflict resolution.
"Good Faith" means the expectation that parties will act reasonably, openly, and cooperatively when resolving disputes or addressing disagreements under a contract or legal framework.
Definition of "Good Faith" as a duty in performance
This definition connects "Good Faith" to carrying out responsibilities.
"Good Faith" refers to the duty to perform contractual obligations in a manner that aligns with the agreement's purpose, avoiding actions that undermine its intent or benefits to other parties.
Definition of "Good Faith" as a protection against bad faith actions
This definition links "Good Faith" to preventing dishonest conduct.
"Good Faith" means the absence of bad faith practices, such as fraud, coercion, or deliberate attempts to obstruct or harm another party's interests in a legal or contractual setting.
Definition of "Good Faith" as a guiding principle for fiduciaries
This definition applies "Good Faith" to fiduciary duties.
"Good Faith" refers to the obligation of fiduciaries to act in the best interests of their beneficiaries, demonstrating loyalty, honesty, and integrity in all actions.
Definition of "Good Faith" as a foundational legal principle
This definition ties "Good Faith" to general legal frameworks.
"Good Faith" means a foundational principle requiring all parties to act with honesty, fairness, and respect for the rights of others in legal and contractual matters.
Definition of "Good Faith" as a requirement in commercial practices
This definition connects "Good Faith" to business dealings.
"Good Faith" refers to the requirement that businesses engage in fair and reasonable practices, avoiding deceptive conduct or exploitation in their transactions and dealings.
Definition of "Good Faith" as an obligation to mitigate harm
This definition links "Good Faith" to harm prevention.
"Good Faith" means the obligation to act in ways that minimize harm, avoid unnecessary conflicts, and foster constructive relationships in contractual and legal engagements.
Definition of "Good Faith" as an assurance of mutual trust
This definition applies "Good Faith" to building trust.
"Good Faith" refers to the assurance that parties will act with mutual respect and trust, fostering collaboration and reducing the likelihood of disputes or breaches.
Definition of "Good Faith" as a principle in good governance
This definition ties "Good Faith" to organizational conduct.
"Good Faith" means the standard of conduct requiring organizations to act responsibly, ethically, and transparently in their dealings with stakeholders and counterparties.
Definition of "Good Faith" as an intent to uphold agreements
This definition connects "Good Faith" to honoring commitments.
"Good Faith" refers to the intent and commitment to honor the terms and spirit of an agreement, avoiding actions that undermine or conflict with its purpose.
Definition of "Good Faith" as a standard for reasonableness
This definition links "Good Faith" to reasonable expectations.
"Good Faith" means acting with reasonableness and diligence, ensuring that actions and decisions align with fair practices and the agreed expectations of all parties.
Definition of "Good Faith" as a commitment to transparency
This definition ties "Good Faith" to openness.
"Good Faith" means the obligation to act transparently and openly, ensuring that all relevant information is disclosed to other parties without deceit or withholding.
Definition of "Good Faith" as a fair interpretation of contract terms
This definition connects "Good Faith" to interpreting agreements.
"Good Faith" refers to the requirement to interpret and apply contract terms fairly and reasonably, avoiding any actions that distort the original intent of the agreement.
Definition of "Good Faith" as an assurance against exploitation
This definition links "Good Faith" to protecting equitable dealings.
"Good Faith" means ensuring that actions or decisions do not exploit the vulnerabilities or disadvantages of other parties in a contract or legal arrangement.
Definition of "Good Faith" as a principle in equitable remedies
This definition applies "Good Faith" to seeking fairness in resolutions.
"Good Faith" refers to the principle requiring parties to seek equitable remedies or resolutions in disputes, emphasizing fairness and mutual benefit over adversarial tactics.
Definition of "Good Faith" as an implied duty in contracts
This definition ties "Good Faith" to implicit obligations.
"Good Faith" means the implied duty in contracts requiring all parties to act in a manner consistent with the agreed objectives and not to obstruct or undermine those objectives.
Definition of "Good Faith" as a standard for reasonable efforts
This definition connects "Good Faith" to diligent performance.
"Good Faith" refers to the obligation to make reasonable and diligent efforts to fulfill responsibilities or commitments under an agreement or legal obligation.
Definition of "Good Faith" as a commitment to ethical conduct
This definition links "Good Faith" to moral responsibility.
"Good Faith" means acting with ethical integrity, avoiding any form of dishonesty, fraud, or manipulation in dealings or relationships.
Definition of "Good Faith" as an expectation in fiduciary relationships
This definition applies "Good Faith" to fiduciaries.
"Good Faith" refers to the expectation that fiduciaries will act in the best interests of their beneficiaries, demonstrating loyalty, honesty, and fairness in their actions.
Definition of "Good Faith" as a defense against claims of bad faith
This definition ties "Good Faith" to protective measures.
"Good Faith" means acting in a manner that protects against claims of bad faith by ensuring honesty, fairness, and transparency in all actions and decisions.
Definition of "Good Faith" as a standard in employment relations
This definition connects "Good Faith" to workplace dealings.
"Good Faith" refers to the obligation of employers and employees to act reasonably, fairly, and respectfully toward one another in fulfilling contractual and workplace responsibilities.
Definition of "Good Faith" as a principle in contractual renewals
This definition links "Good Faith" to continuing relationships.
"Good Faith" means the expectation that parties negotiating contract renewals will do so fairly and honestly, respecting the terms and benefits of the existing relationship.
Definition of "Good Faith" as a duty in public contracts
This definition applies "Good Faith" to government dealings.
"Good Faith" refers to the standard requiring public officials and agencies to act with honesty, fairness, and integrity in contractual dealings and procurement processes.
Definition of "Good Faith" as a commitment to avoid conflicts
This definition ties "Good Faith" to dispute prevention.
"Good Faith" means the proactive effort to avoid unnecessary conflicts or disputes by acting in a manner that aligns with the interests and expectations of all parties.
Definition of "Good Faith" as an assurance in pre-contractual negotiations
This definition connects "Good Faith" to pre-agreement dealings.
"Good Faith" refers to the assurance that parties entering into negotiations will do so with genuine intent, avoiding deceit, manipulation, or coercion.
Definition of "Good Faith" as a principle in settlement agreements
This definition links "Good Faith" to dispute resolution.
"Good Faith" means the requirement to act honestly and cooperatively during settlement discussions, ensuring fair outcomes that respect the rights of all parties.
Definition of "Good Faith" as an obligation to act without malice
This definition ties "Good Faith" to the absence of harmful intent.
"Good Faith" means acting without malice or intent to harm another party, ensuring decisions and actions are fair and considerate of others' rights and interests.
Definition of "Good Faith" as a principle in contract enforcement
This definition connects "Good Faith" to fulfilling agreements.
"Good Faith" refers to the expectation that parties will act honestly and responsibly when enforcing or interpreting the terms of a contract, avoiding actions that undermine its purpose.
Definition of "Good Faith" as a principle in regulatory compliance
This definition links "Good Faith" to legal adherence.
"Good Faith" means making sincere efforts to comply with applicable laws, regulations, or contractual obligations, demonstrating a commitment to ethical and lawful behavior.
Definition of "Good Faith" as a safeguard against opportunistic behavior
This definition applies "Good Faith" to avoiding unfair advantages.
"Good Faith" refers to the obligation to avoid opportunistic behavior that exploits gaps or ambiguities in agreements to the detriment of another party.
Definition of "Good Faith" as an expectation in joint ventures
This definition ties "Good Faith" to collaborative partnerships.
"Good Faith" means acting with mutual respect, transparency, and fairness in joint ventures or partnerships to ensure shared objectives are met without undermining trust.
Definition of "Good Faith" as a standard for mitigating damages
This definition connects "Good Faith" to limiting harm.
"Good Faith" refers to the obligation of parties to take reasonable steps to mitigate damages or losses resulting from breaches or disputes.
Definition of "Good Faith" as a requirement in mediation processes
This definition links "Good Faith" to dispute resolution efforts.
"Good Faith" means the sincere commitment of parties to participate in mediation or dispute resolution processes with the intention of reaching a fair and equitable outcome.
Definition of "Good Faith" as a duty in fiduciary transactions
This definition applies "Good Faith" to fiduciary roles.
"Good Faith" refers to the responsibility of fiduciaries to act with honesty, loyalty, and diligence when managing assets or interests on behalf of beneficiaries.
Definition of "Good Faith" as a foundation for ethical contracting
This definition ties "Good Faith" to ethical agreements.
"Good Faith" means the standard requiring parties to enter into and perform contracts with honesty, fairness, and respect for the agreed terms.
Definition of "Good Faith" as a principle in supplier relationships
This definition connects "Good Faith" to vendor dealings.
"Good Faith" refers to the expectation that suppliers and buyers will act transparently and fairly toward each other, ensuring ethical business practices in procurement and supply chains.
Definition of "Good Faith" as a standard for public-private partnerships
This definition links "Good Faith" to collaborative projects.
"Good Faith" means the commitment of public and private entities to work together honestly and responsibly to achieve the goals of a shared project or agreement.
Definition of "Good Faith" as an assurance of equitable conduct
This definition applies "Good Faith" to fairness in dealings.
"Good Faith" refers to the assurance that actions and decisions are made equitably, respecting the rights and interests of all parties involved.
Definition of "Good Faith" as a standard in termination clauses
This definition ties "Good Faith" to contract termination.
"Good Faith" means the obligation to exercise fairness and reasonableness when invoking termination clauses, ensuring actions align with the contract’s purpose and intent.
Definition of "Good Faith" as a principle in international agreements
This definition connects "Good Faith" to cross-border cooperation.
"Good Faith" refers to the standard requiring parties to international agreements to act with honesty and respect for the principles of mutual trust and cooperation.
Definition of "Good Faith" as a requirement in employee relations
This definition links "Good Faith" to workplace fairness.
"Good Faith" means the expectation that employers and employees will act fairly, transparently, and reasonably toward each other, fostering trust and respect in the workplace.
Definition of "Good Faith" as a principle in honest communication
This definition ties "Good Faith" to clear and truthful communication.
"Good Faith" means the obligation to engage in honest, clear, and transparent communication in all dealings, avoiding deception or misrepresentation.
Definition of "Good Faith" as a safeguard in equitable dealings
This definition connects "Good Faith" to ensuring fairness.
"Good Faith" refers to the commitment to act fairly and equitably in transactions, protecting all parties from undue harm or exploitation.
Definition of "Good Faith" as a duty in fulfilling contractual intent
This definition links "Good Faith" to upholding agreements.
"Good Faith" means acting in a manner consistent with the spirit and intent of a contract, ensuring that all parties derive the expected benefits.
Definition of "Good Faith" as a protection against unfair practices
This definition applies "Good Faith" to ethical dealings.
"Good Faith" refers to the standard requiring parties to refrain from engaging in unethical, fraudulent, or manipulative practices in contractual or legal relationships.
Definition of "Good Faith" as a commitment to reasonableness
This definition ties "Good Faith" to rational decision-making.
"Good Faith" means acting reasonably and fairly when making decisions or taking actions that impact other parties, particularly in contractual settings.
Definition of "Good Faith" as a principle in resolving disputes
This definition connects "Good Faith" to conflict resolution.
"Good Faith" refers to the expectation that parties will make genuine efforts to resolve disputes amicably, avoiding unnecessary litigation or adversarial tactics.
Definition of "Good Faith" as an assurance in cooperative ventures
This definition links "Good Faith" to partnerships.
"Good Faith" means the assurance that parties in cooperative ventures will act honestly and collaboratively to achieve mutual goals without undermining each other.
Definition of "Good Faith" as a standard for regulatory negotiations
This definition applies "Good Faith" to legal compliance discussions.
"Good Faith" refers to the obligation to negotiate regulatory or legal matters with sincerity and transparency, fostering trust between parties and authorities.
Definition of "Good Faith" as an obligation in service contracts
This definition ties "Good Faith" to service delivery.
"Good Faith" means ensuring the fair, diligent, and honest fulfillment of obligations in service agreements, respecting the expectations of all parties.
Definition of "Good Faith" as a guiding principle in risk allocation
This definition connects "Good Faith" to managing contractual risks.
"Good Faith" refers to the expectation that parties will allocate and manage risks fairly and transparently in contractual agreements.
Definition of "Good Faith" as a foundation for mutual trust
This definition links "Good Faith" to building relationships.
"Good Faith" means acting in a way that fosters trust and confidence between parties, ensuring that actions and decisions are made in the best interests of the relationship.
Definition of "Good Faith" as a requirement in franchise agreements
This definition applies "Good Faith" to franchising relationships.
"Good Faith" refers to the obligation of franchisors and franchisees to act honestly and fairly in their dealings, ensuring the success and integrity of the franchise relationship.
Definition of "Good Faith" as a standard for fulfilling warranties
This definition ties "Good Faith" to honoring commitments.
"Good Faith" means the commitment to honor warranties and guarantees provided in contracts, ensuring fair treatment and resolution of issues for all parties.
Definition of "Good Faith" as a principle in public sector dealings
This definition connects "Good Faith" to government transactions.
"Good Faith" refers to the standard requiring public officials and agencies to act transparently, ethically, and responsibly in their dealings with private entities and individuals.
Definition of "Good Faith" as a safeguard in collaborative agreements
This definition links "Good Faith" to teamwork.
"Good Faith" means the mutual commitment of parties in collaborative agreements to work together honestly, respectfully, and without undermining the shared goals.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.