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Connie，国际知名法学院金融专业，擅长翻译各类与证券监管执法相关的法律文件。