good faith

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Related to good faith: Good faith deposit, Good faith estimate

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


References in periodicals archive ?
The implied covenant of good faith cannot override an express contractual provision.
The implied obligation of good faith cannot be used to vary the terms of an express contract.
and consult in good faith seems to have become something less robust
This paper looks at the duly to bargain in good faith and what it
the result of good faith actions would fill the contract's
to agree, and by implication the duty to negotiate in good faith.
McCallum (2000: 225) has suggested that the absence of good faith provisions after 1996 shifted the balance towards employers, not least because the absence of union recognition in bargaining, an integral component of good faith bargaining, allowed employers to move increasingly to individualised processes.
Section 228 (Cth) sets out the good faith requirements that must be met during bargaining.
16) Three of the four reports recommended the introduction of a good faith obligation.
The report recommended that a 'statement obligating franchisors, franchisees and prospective franchisees to act towards each other fairly and in good faith be developed for inclusion in Part 1 of the Code.