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good faith
(redirected from Good faith negotiation)

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.01 sec.
Bona Fide
In law, belief that a statement or act is made or done honestly and with no ill intent, even if ill effect results. Liability for ill effect may be lessened or eliminated if the statement or act causing it was bona fide. The term is Latin for "in good faith," and the concept is sometimes referred to in this way.

good faith

Honesty.



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WICB impressed upon WIPA that it was not prepared, consistent with good industrial relations practices, to negotiate under duress, and insisted that before any good faith negotiations commenced, the players' strike would first have to end," read the statement from the board.
Good faith negotiations to resolve issues had failed, they said, arguing that the company's operations should be shut down and its assets liquidated.
Under the bankruptcy code, a judge can set aside collective bargaining agreements, but only if the company shows that good faith negotiations on a modified contract have stalled, said Doug Bernstein, a bankruptcy expert with the law firm of Plunkett and Cooney.
 
 
 
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