good faith definition

good faith means that degree of diligence which a reasonable person would exercise in the performance of legal duties and obligations;
good faith means honesty in fact in the conduct of the transaction concerned.
good faith means honesty in fact and the observance of reasonable commercial standards of fair dealing.

Examples of good faith in a sentence

  • Good faith consideration of fairness and balance will be made in assigning such duties to professional educators.


More Definitions of good faith

good faith means honesty in fact in the conduct or transaction concerned.
good faith means honesty in fact.
good faith means honesty in fact and the observance of
good faith means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
good faith means Indemnitee having acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal Proceeding, having had no reasonable cause to believe Indemnitee's conduct was unlawful.
good faith means a Person having acted in good faith and in a manner such Person reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to a criminal proceeding, having had no reasonable cause to believe such Person’s conduct was unlawful.
good faith means a Covered Person having acted in good faith and in a manner such Covered Person reasonably believed to be in or not opposed to the best interests of the corporation or, in the case of an employee benefit plan, the best interests of the participants or beneficiaries of said plan, as the case may be, and, with respect to any Proceeding which is criminal in nature, having had no reasonable cause to believe such Covered Person’s conduct was unlawful.