good faith definition

good faith means that degree of diligence which a reasonable person would exercise in the performance of legal duties and obligations;
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good faith means honesty in fact in the conduct of the transaction concerned.
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good faith means honesty in fact in the conduct or transaction concerned.
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Examples of good faith in a sentence

  • Even after the termination of this Agreement, Article 6 (Burden of Costs), Article 7 (Maintaining Reputation of the Marks and the Labels), Article 11 (Liability), this Article, Paragraph 2 and Paragraph 3 of Article 13 (Elimination of Antisocial Forces), Article 14 (Confidentiality), Article 15 (No Transfer), Article 17 (Governing Law and Jurisdiction), and Article 18 (Consultation in Good Faith) will remain in full force and effect.

  • Notwithstanding the provisions of the preceding paragraph, Paragraph 1 and Paragraph 2 of Article 9 (Brand Management), Article 15 (Liability), this paragraph, Article 17 (Termination for Cause; Other Termination), Article 18 (Elimination of Antisocial Forces), and Article 20 (Confidentiality) through Article 24 (Consultation in Good Faith) will take effect immediately after the execution of this Agreement.


More Definitions of good faith

good faith means honesty in fact and the observance of reasonable commercial standards of fair dealing.
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good faith means honesty in fact.
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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.
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good faith means honesty in fact and the observance of
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good faith means honesty in fact and the observance of reasonable standards of fair dealing.
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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.
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good faith in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
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