Good faith principle

The Good Faith Principle refers to the expectation that parties in any agreement or relationship will act honestly and fairly towards each other, without deception or intention to undermine the trust between them. In business, this means fulfilling obligations, communicating openly, and collaborating toward mutual goals. It underpins legal agreements, ensuring that all parties are committed to a productive and cooperative interaction. Essentially, it's about doing the right thing and respecting the spirit of the agreement, which helps maintain trust and integrity in both personal and professional relationships.