☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Covenant of Good Faith

The implied obligation in every contract requiring both parties to act honestly, fairly, and in good faith in their dealings with each other, not undermining the other party's right to receive the benefits of the agreement.

Etymology: English compound · Category: Contract Law · Source: Restatement (Second) of Contracts § 205
0 terms published 0 awaiting endorsement
Propose a New Term

Submit a term for the community. Two endorsements from other members will publish it.

Per page: