'Good faith in contract law' explained

Good faith in contract law

Good faith in contract law is not explained explicitly in most jurisdictions, for the purpose of being flexible in interpretation of the principle. The basic principles of good faith in contract law are:

From negotiation to performance, collaboration and information sharing is done honest, dealing is done fair, there is fidelity on a common purpose and respect to one other's interests. Within contract law one should therefore be careful about the express level of good faith within the contract, and on what parts of the contract good faith applies.