Good Faith in Negotiations

Good faith in negotiations means both parties genuinely intend to reach a fair agreement and act honestly throughout the process. It involves being transparent, avoiding deception or misrepresentation, and respecting each other's interests and rights. While it doesn't require either side to accept unfavorable terms, it encourages sincere effort to find mutually acceptable solutions rather than playing unfairly or stalling. Essentially, it creates a trustworthy environment where negotiations are conducted with integrity, increasing the likelihood of a successful and fair outcome for all involved.