Good Faith in Contracting

Good faith in contracting refers to the honest and fair intention of all parties involved to fulfill their contractual obligations. It means acting with honesty, avoiding deception or unfair practices, and cooperating to ensure the contract’s purpose is achieved. This principle encourages trust and integrity, ensuring that neither party undermines the agreement or acts maliciously. While it doesn’t require perfect fairness, it emphasizes mutual respect and sincere effort to uphold the spirit of the contract throughout its duration.