• What does acting in ‘good faith’ mean?

    There is no universal legal definition of acting in ‘good faith’ during business dealings, because it is a subjective behavior. However, it involves doing the following things:

    • Acting honestly
    • Acting fairly
    • Acting reasonably

    Examples of not acting in good faith may include:

    • Pursuing an ulterior motive
    • Exercising power in an arbitrary way
    • Denying the other party the benefits of a contract

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