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 is defined as an honest attempt to resolve issues which arise during the negotiations process.

  • All sessions of the negotiation meetings shall be in "good faith." Good faith requires the parties to make a sincere effort to reach agreement upon matters under consideration, but requires neither party to agree nor to make a concession.

  • Good faith acquisition of personal information by an employee or agent of the information holder for the purposes of the information holder is not a breach of the security of the system; provided, that the personal information is not used or subject to further unauthorized disclosure.


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 honesty in fact and the observance of reasonable commercial
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.