implied covenant of good faith and fair dealing

An implied covenant to cooperate with the other party to an agreement so that both parties may obtain the full benefits of the agreement; an implied covenant to refrain from any act that would injure a contracting party’s right to receive the benefit of the contract.

• Breach of this covenant is often termed bad faith. See BAD FAITH (2). [Cases: Contracts 168. C.J.S. Contracts §§ 346–347.]

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词条贡献者

资深译员陈鹏，毕业于国内顶尖的高级翻译学院，擅长翻译各类与全球贸易及投资相关的法律文件。