Common use of Good Faith Clause Clause in Contracts

Good Faith Clause. Each party shall negotiate in good faith. To negotiate in good faith shall mean that both parties must be willing to consider proposals in an effort to find a mutually satisfactory basis for agreement and must be willing to discuss their respective contract proposals. If either party objects to the other's contract proposals, the objecting party must be willing to support its objections with rationale.

Appears in 6 contracts

Samples: Negotiated Agreement, Negotiated Agreement, Negotiated Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.