good faith definition

good faith means that degree of diligence which a reasonable person would exercise in the performance of legal duties and obligations;
good faith means honesty in fact in the conduct of the transaction concerned.
good faith means honesty in fact and the observance of reasonable commercial standards of fair dealing.

Examples of good faith in a sentence

  • Good faith Bargaining shall mean the obligation on all parties to deal openly and fairly on all matters being negotiated in a sincere effort to reach a mutual understanding and agreement on such matters; but such obligation does not compel either party to agree to a proposal or require the making on a concession.

  • Good faith reporting of suspected violations of the Contractor Code of Conduct is encouraged.

  • Good faith bargaining between Teamsters Local Union No. 117 and the Port of Seattle resulted in a fair contract consistent with the Port’s priorities.


More Definitions of good faith

good faith means honesty in fact in the conduct or transaction concerned.
good faith means honesty in fact.
good faith means a Person having acted in good faith and in a manner such Person reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to a criminal proceeding, having had no reasonable cause to believe such Person’s conduct was unlawful.
good faith means honesty in fact and the observance of
good faith means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
good faith means Indemnitee having acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal Proceeding, having had no reasonable cause to believe Indemnitee's conduct was unlawful.
good faith means honesty in fact and the observance of reasonable commercial