In Law
In contract law, the implied covenant of good faith is a general presumption that the parties to a contract will deal with each other honestly, fairly, and in good faith, so as to not destroy the right of the other party or parties to receive the benefits of the contract.
Read more about this topic: Good Faith
Famous quotes containing the word law:
“The law of nature is, do the thing, and you shall have the power: but they who do not the thing have not the power.”
—Ralph Waldo Emerson (1803–1882)
“Since you were so thankfully confused
By law with someone else, you cannot be
Semantically the same as that young beauty:
It was of her that these two words were used.”
—Philip Larkin (1922–1986)