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

译者Jeffrey，毕业于国内一流的高级翻译学院，擅长翻译各种与首次公开发行/其他股权或债务发行相关的法律文件。