The Duty of Good Faith and Fair Dealing

The Duty of Good Faith and Fair Dealing is a legal principle that requires parties in a contract to act honestly and fairly towards each other. It means that they must not undermine the agreement or cheat the other party, even if specific terms aren't outlined. This duty ensures trust and cooperation, allowing both parties to benefit from the relationship. Essentially, it protects against deceptive practices and ensures that everyone upholds their end of the bargain in a way that aligns with the intentions of the contract.