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:
“There’s no law against taking off a spaceship. It’s never been done so they haven’t gotten around to prohibiting it.”
—Rip Van Ronkel, and Robert A. Heinlein (1907–1988)
“There is a law in each well-ordered nation
To curb those raging appetites that are
Most disobedient and refractory.”
—William Shakespeare (1564–1616)