Good faith negotiation definition

Good faith negotiation means to deal honestly and fairly with the other party throughout the negotiation process whether or not the negotiation results in a contract.
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Good faith negotiation means to deal honestly and fairly with the other party throughout the negotiation process whether or not the negotiation results in a contract. For specific documentation requirements, see Section 202(a).
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Good faith negotiation means to deal honestly and fairly with the other so that each party receives the benefits of the negotiated contract while achieving the deepest level of affordability and the greatest number of units at the completion of the negotiation.
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Examples of Good faith negotiation in a sentence

  • Good faith negotiation requires a free and open exchange of views by the parties involved in the negotiations.

  • Good faith negotiation and mediation are express conditions precedent to the filing of any legal action.

  • Good faith negotiation may be described as an honest desire to reach agreement on the differences which exist through compromise and a realization that the agreement thus reached should be fair and reasonable for both sides.

  • Good faith negotiation as provided in this section shall be the first step in the dispute resolution process.

  • Good faith negotiation demands a level of vision and intellectual honesty that allows both parties an opportunity to achieve an efficient resolution of a dispute.


More Definitions of Good faith negotiation

Good faith negotiation. The parties shall attempt in good faith to resolve any dispute arising out of or relating to this Agreement by negotiation.
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Good faith negotiation means a sincere and honest attempt by both parties to resolve disputes or disagreements through discussion and compromise, without resorting to legal action.
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Good faith negotiation. The Parties will negotiate in good faith their collaborative efforts on mutually acceptable terms. Each Party will bear its own expenses associated with such negotiations.
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Related to Good faith negotiation

  • Good Faith Effort means efforts to achieve a DBE goal or other requirement of this Special Provision which, by their scope, intensity, and appropriateness to the objective, can reasonably be expected to fulfill the program requirement.

  • Good Faith Efforts means actions undertaken by a bidder or contractor to achieve a Contract Specific Goal that the CPO or his or her designee has determined, by their scope, intensity, and appropriateness to the objective, can reasonably be expected to fulfill the program’s requirements.

  • Good faith means that degree of diligence which a reasonable person would exercise in the performance of legal duties and obligations;

  • Good Faith Contest means the contest of an item as to which: (a) such item is contested in good faith, by appropriate proceedings, (b) reserves that are adequate are established with respect to such contested item in accordance with GAAP and (c) the failure to pay or comply with such contested item during the period of such contest could not reasonably be expected to result in a Material Adverse Effect.

  • Bad Faith means, with respect to any determination, action or omission, of any Person, board or committee, that such Person, board or committee reached such determination, or engaged in or failed to engage in such act or omission, with the belief that such determination, action or omission was adverse to the interest of the Partnership.