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.
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).
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.

Examples of Good faith negotiation in a sentence

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

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

  • Good faith negotiation differentiates a consensus- seeking decision rule from an end-run to a majority or supermajority vote.

  • Good faith negotiation and repayment plans concerning any past due tax liability or failure to make payments pursuant to a repayment plan negotiated with a creditor or governmental tax agency.

  • In ad- dition to the standards set forth in paragraphs (b)(1) and (2) of this section, a Negotiating Entity may dem- onstrate, based on the totality of the circumstances of a particular retrans- mission consent negotiation, that a television broadcast station or multi- channel video programming distributor breached its duty to negotiate in good faith as set forth in paragraph (a) of this section.(c) Good faith negotiation and exclu- sivity complaints.

  • 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 letters should be completed for each tribal land for in the network design for maximum points.4: Construction Timeline: E-Rate rules require that this project shall be complete no later than June 30, 2023.

  • Good faith negotiation requires parties to meet and engage in meaningful dialogue through which positions are explained and each party considers the other’s representations.

  • The term “good faith” is also referred to as the ordering principle for the good performance of contractual relationships in the so-called Good faith negotiation clauses or under those contractual conditions under which “Should a disagreement regarding this contract arise, the two parties will discuss it with good faith”16.

  • Good faith negotiation broadly refers to a bilateral (or sometimes multilateral) process, which requires the commitment and participation of each party to a negotiation, and requires that all parties respect each other’s decision-making processes and appreciate their constraints.


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.
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.
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.

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.

  • Negotiation means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder.

  • Competitive negotiation means a procedure for contracting for supplies, materials, equipment or contractual services, in which proposals are solicited from qualified suppliers by a request for proposals, and changes may be negotiated in proposals and prices after being submitted.

  • Good Faith Deposit has the meaning given such term in Section 2.6(a) of this Agreement.

  • Consultation means the good faith attempt by the Depositary to discuss, if practicable, the relevant issue in a timely manner with a person employed by the Company reasonably believed by the Depositary to be empowered by the Company to engage in such discussion on behalf of the Company.

  • Invitation to Negotiate means a written solicitation for competitive sealed replies to select one or more vendors with which to commence negotiations for the procurement of commodities or services.

  • Initial Negotiation End Date has the meaning set forth in Section 12.2(a).

  • Negotiations means meeting and conferring in good faith by a local board of trustees and the authorized local education organization, or the respective designated representative of both parties for the purpose of reaching an agreement, upon matters and conditions subject to negotiations as specified in a negotiation agreement between said parties.

  • Negotiation Period has the meaning given in Clause 5.10;

  • Negotiate means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms, or conditions of the contract, provided that the person engaged in that act either sells insurance or obtains insurance from insurers for purchasers.

  • Good means all of the equipment, machinery, and/or other materials that the supplier is required to supply to the purchaser under the contract.

  • Resolve and the correlative terms, “Resolved”, “Resolving” and “Resolution” each means that the Services are restored to a point where the Customer can perform their job. In some cases, this may only be a work around solution until the root cause of the Error or Unplanned Disruption is identified and corrected (the need for restoration of normal service supersedes the need to find the root cause of the incident).

  • Independent Firm has the meaning set forth in Section 10.03 of this Agreement.

  • Maximum extent practicable means the highest level of performance that is achievable but is not equivalent to a performance standard identified in this ordinance as determined in accordance with S. 055 of this ordinance.

  • Independent professional advice means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser.

  • Disagreement means a difference of opinion between personnel of a reporting issuer responsible for finalizing the reporting issuer’s financial statements and the personnel of a predecessor auditor responsible for authorizing the issuance of audit reports on the reporting issuer’s financial statements or authorizing the communication of the results of the auditor’s review of the reporting issuer’s interim financial report, if the difference of opinion

  • Contest means the contest, game, sweepstake, promotion, marketing activity or other event specified in the Contest Summary (see Rule 15, below);

  • Reasonable Distance means a distance that has regard to the Employee’s original work location, current home address, capacity of the Employee to travel, additional travelling time, effects on the personal circumstances of the affected Employee, including family commitments and responsibilities and other matters raised by the Employee, or assistance provided by their Employer.

  • Major Representation means a representation or warranty with respect to the Borrower or the Merger Sub only under any of Clause 18.2 (Status) to Clause 18.6 (Validity and admissibility in evidence) inclusive.

  • LETTER OF INTENT/FAX OF INTENT means intimation by a Fax/Letter to Tenderer(s) that the tender has been accepted in accordance with the provisions contained in the letter.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Mediation means any process in which a mediator facilitates communication and negotiation between the parties to assist them in reaching a voluntary agreement regarding their dispute.