Those of you interested in the legal definition of “acting in good faith” may be interested in this article I found via Google.
Some of the main points are-
Meaning of “Good Faith” Under English Law: Latest Clarification
The Court of Appeal reiterates the importance of the specific context in interpreting contractual good-faith duties. By Oliver E. Browne and Alex Cox
www.latham.london
Some of the main points are-
- the “core” requirement of the good-faith duty is that a party behaves honestly;
- depending on the contractual context, this duty may be breached by conduct taken in bad faith, which could include conduct which would be regarded as “commercially unacceptable by reasonable and honest people”; and
- any further requirements of an express duty of good faith must be capable of being derived as a matter of interpretation or implication from the other terms of the contract.